Srinagar- The Federation of Chambers of Industries Kashmir (FCIK) Advocates for Entrepreneurial Ease of Living

The Federation of Chambers of Industries Kashmir (FCIK) has urged Chief Minister Omar Abdullah to prioritize “Ease of Living” for entrepreneurs before focusing on “Ease of Doing Business,” which in Jammu & Kashmir remains largely theoretical. Entrepreneurs in the region face significant challenges in navigating through government offices for renewals, permissions, and NOCs, hindering productivity and discouraging business growth.

Challenges Faced by Entrepreneurs

FCIK highlighted that entrepreneurs in Jammu & Kashmir are required to seek approvals for routine business decisions such as changes in ownership structure or unit transfers, which should ideally be straightforward processes. The complex regulatory environment in the region hampers business operations and innovation.

Micro units, such as those manufacturing wooden fruit boxes, encounter difficulties in obtaining renewals from the Forest Department due to bureaucratic hurdles involving multiple departments like the Pollution Control Committee and Fire Services. This bureaucratic process not only delays operations but also adds unnecessary burdens on businesses.

Call for Comprehensive Reforms

FCIK emphasized the need for time-bound digital approvals, self-certification for routine compliances, and auto-renewal of licenses to streamline the business environment in Jammu & Kashmir. The chamber advocated for aligning with national best practices to foster a more conducive ecosystem for industrial growth.

In a pre-budget meeting with Chief Minister Omar Abdullah, FCIK presented these concerns and proposed reforms to facilitate a more entrepreneur-friendly regulatory framework that promotes growth and job creation in the region.

Conclusion

FCIK stressed that industrial development in Jammu & Kashmir requires a regulatory framework that prioritizes trust and facilitation over excessive controls and fees. By implementing reforms that simplify processes and reduce bureaucratic hurdles, the region can create a more conducive environment for MSMEs to thrive and contribute to economic growth.