Vows to plug bottlenecks in 28,400-cr industrial policy
Srinagar, Oct 06: Asserting that the government is exploring ways to revive Public Sector Undertakings (PSUs) in Jammu and Kashmir, Deputy Chief Minister Surinder Choudhary on Tuesday said there is no proposal to shut down any PSU in the Union Territory, making it clear that the Omar Abdullah-led government has no such policy.
Talking to reporters here Dy CM, Choudhary said PSUs are a part of J&K’s heritage and their financial losses should be examined to determine the reasons behind the deficit and fix accountability.
“Why should PSUs be shut down? We will have to find the causes. We will have to find the reasons. How did the PSU go into a deficit? The officers who put it in a deficit should be held accountable. The leaders who put it in a deficit should be held accountable,” he said.
He said the practice of shutting down PSUs should not continue and that the government must instead find ways to run them. “There is no policy of Omar Abdullah led Government to shut down any PSU,” he said, adding that committees have been constituted to examine the functioning of certain units and explore whether and how they could be revived.
Choudhary also highlighted the products displayed at the Jammu and Kashmir Industries (JKI) showroom at the Government Silk Weaving Factory in Rajbagh, saying the quality of local products could compete with major brands if they were properly marketed.
“These are the things that are our heritage, they should buy,” he said, while emphasising the need to explore avenues to promote such products.
On the Comptroller and Auditor General (CAG) report concerning PSUs, the Deputy Chief Minister said the findings would be examined before arriving at a conclusion. “The report has come, CAG’s report has come. We will see what is there and what is not. There will be a discussion on it, there will be a debate. After that, we will come to a conclusion,” he said.
On concerns raised by industrialists over the implementation of the rupees 28,400-crore New Industrial Policy announced in 2021, Choudhary said the government was examining the utilisation of the package and the concerns raised by industrial associations.
He said the new industrial policy of the J&K Government was at the final stage and would seek to address shortcomings in the previous policy.
“Whatever was the discrimination in that industry policy, or there was a pick and choose, now our effort is that those bottlenecks where there were some lapses, they should be plugged somewhere and people should get the benefit of the industry policy in the right way,” he said.
Choudhary said the Industries Department had worked extensively on the new policy and that the concerns raised by industrialists were also being taken into consideration.
“If people were not happy with the previous industry policy, that is why we are bringing a new industry policy,” he said, adding that the government’s effort was to ensure that the shortcomings of the past were not repeated.