J-K govt holds pre-budget consultation with industry

Jammu and Kashmir Finance Minister Haseeb Drabu today kick-started the pre-budget consultations through detailed interaction with various trade and business federations, saying focused attention would be given to the growth of business sector.
"In connection with holding of the first budget session of Mufti Mohammad Sayeed-led dispensation by the Jammu and Kashmir Legislative Assembly, pre-budget consultation was kick started by the Finance Minister through detailed interaction with various trade and business associations and federations here today," an official spokesman said.
Various industries and trade representatives put forward suggestions during the interaction and the Finance Minister assured them that their genuine demands would be given due consideration while framing the state budget, the spokesman said.

He told the representatives that holding the interactive pre-budget consultation was aimed at acquiring knowledge and awareness about problems confronting trade, commerce and industry at grassroots level.
"Drabu said the government will always appreciate stakeholders to come forward and appraise about the concessions which need to be given to business community for undertaking their trade smoothly, adding that members of trade industry should cooperate with the government in increasing the revenue component for the progress, development and prosperity of the state," the spokesman said.
The Minister told the delegations that simplifying business system and its policies would be among the priorities of government and focused attention would be given to the growth of business sector by providing necessary support so that people associated with the trade commerce and industry get benefited and to increase the revenue component.

The minister said the government was well cognized of the problems of business class people and would leave no stone unturned to provide breather to revive and re-stabilise the ailing economy enabling it to be back on track.