The Committee on Promotion of Exports from Jammu and Kashmir has recommended extension of a modified north east region package and special export promotion schemes and strategies for the state. The new package should be revised for Jammu and Kashmir to give 10-year tax exemption for existing and new industrial units, Chairman of the committee and economic advisor to the department of commerce in the union ministry of commerce and industry, H A C Prasad, said in Jammu on Wednesday.
The Chief Minister Dr Farooq Abdullah and the Union Minister of State for Commerce and Industry, Omar Abdullah were also present at the function, organised by Jammu Chamber of Commerce and Industry where Prasad explained the recommendations of the committee.
The 21-member committee has recommended that an export development fund should be set up for the state on the pattern of north eastern states. This fund will assist activities promoting exports and seeks to develop the state under the programme for development of a disadvantaged region. Bureau Report