J&K government revives stressed MSMEs to address industry competitiveness

…in 2016 and 2019, followed by the Covid-19 pandemic, on industrial activity in the region. He said the removal of earlier safeguards and changes in the taxation system had further affected local manufacturers. “ Kashmir is located at the fag end of the country, and the cost of transporting raw materials is high. After the abolition of toll tax at Lakhanpur, products from outside became more competitive, putting additional pressure on local manufacturers ,” Kamili said. He said that 18 percent GST has also put additional burden on the small and medium scale enterprises. “The government should come up with a robust industrial policy to protect local industries,” Kamili…