Advisor Bhatnagar reviews performance of SIDCO/SICOP

JAMMU, DECEMBER 22: Advisor to Lieutenant Governor, Rajeev Rai Bhatnagar today chaired a meeting to review to review the performance of SICOP and SIDCO at Civil Secretariat here.

The meeting was attended by Principal Secretary, Industries and Commerce, Prashant Goyal; Secretary in Industries and Commerce, Smita Sethi; Raman Kumar Kesar; General Managers and other senior representatives of both Corporations.

During the meeting, detailed deliberations were held on operational and financial aspects of both these corporations besides the ways and means were also discussed by which an ecosystem for accelerated development of the industrial sector can be established across Jammu and Kashmir.

Speaking during the meeting, Advisor Bhatnagar impressed upon the management of the both Corporations that modern and effective methods should be employed to make the units of corporation more vibrant and financially viable so that they can effectively contribute to the economy of J&K as well as generate employment opportunities for budding entrepreneurs.

The Advisor asked the officers to devise a comprehensive mechanism for promotion of industrial sector in the Union Territory so that the new entrepreneurs are given a well established ecosystem for establishing new units. He impressed upon the officers that the process of establishing new industrial estates should be expedited and funds for the same should be properly utilised.

Advisor Bhatnagar further emphasized upon the officers that the Roads and other utilities in the existing industrial estates should be upgraded. He called upon them that the roads and other facilities in the newly designated industrial estates should be developed on priority so that the new allotments to industrial unit holders are operationalised early The Advisor further directed the officers to appoint Nodal Officers for each Industrial Estate who will work in tandem with essential departments like PDD, PHE, R&B and others for providing necessary services. He also called upon the officers that a Plan of Action for each Industrial Estate should be prepared.

Advisor Bhatnagar, during the meeting also impressed upon the officers that a proper mechanism should be established for revival of sick industrial units. He exhorted upon the officers that the unproductive unit holders should handholded properly so that they can generate good revenues as well as create employment avenues.

During the meeting, the Managing Director SIDCO/SICOP gave a detailed presentation on performance of both Corporations.