JAMMU, May 19 -- The industrial sector of Jammu and Kashmir is reeling under severe financial stress due to prolonged delays by the Industries and Finance Departments in disbursing sanctioned Turnover Incentive and GST reimbursement claims, according to a statement released by the Bari Brahmana Industries Association (BBIA).
An urgent meeting of BBIA was convened under the leadership of its President, Sh. Lalit Mahajan, along with senior office bearers including Sr. Vice President Sh. Tarun Singla, Vice President Sh. Ajay Langer, General Secretary Sh. Viraaj Malhotra, Secretary Sh. Rajesh Jain, and Treasurer Sh. Rishi Kant Gupta. The meeting centered on the mounting dues-running into crores-yet to be released to industrial units despite ha...