My aim is to create stable policy for business: J&K LG

Jammu, Dec 17 (Agency) Calling for unlocking the potential of Jammu and Kashmir in a multi-dimensional fashion, through systemic interventions at individual and community levels, Lieutenant Governor Manoj Sinha on Thursday said that his aim is to create stable policy for business. “It is my aim to truly create a stable policy and regulatory ecosystem for business so that they can build for scale and create a thriving startup ecosystem in J&K UT,” Mr Sinha said while addressing Confederation of Indian Industry (CII) Partnership Summit here. The CII theme for the summit ‘Partnership For Lives, Livelihood and Growth’ is very significant for two reasons- First, we have to realise that a country cannot exist as an island, and secondly, each and every sector of our economy is interwoven, said the LG.

He said, “to revive economic growth, we need to act innovatively and at a pace faster than the Pre-Covid Era.” The LG added, “each and every sector of our economic wheel is interdependent on one other. We have to be together to multiply comprehensive development in every sector.” Lt Governor Sinha described faster re-engineering and re-processing of policies, which are happening across the country for the resilient and self-reliant India, as a key vehicle to achieve a strong growth trajectory and to have a robust balanced development. “Each and every issue starting from jobs, clean energy to credit growth has to be tackled in-depth to mitigate issues confronting the current financial stability,” he said adding “since the economic landscape is reshaping, we also have to broadly focus on three areas- inclusive growth, enhancement of financial inclusion, and improvement in social equity.” Mr Sinha observed that Industry and Services along with Agriculture is going to play a major role to achieve Inclusive Growth, enhancement of Financial Inclusion, and improvement in Social Equity without overstretching the available revenue sources. “There is a need for enhancing marketing support to MSMEs, Industrial incentives, and promotion of Village Industries. With new start-ups, new technology products and by transforming India into a global manufacturing hub, we will be able to trigger a productivity spurt in 2021,” said Mr Sinha. Automation and the fourth industrial revolution has also meant rethinking, renewing, and recharging approaches to problem-solving, said the Lieutenant Governor.