Fico team briefs Union minister on local industry issues

LUDHIANA: A delegation of Federation of Industrial and Commercial Organization (Fico) on Wednesday met Union minister of commerce and business Suresh Prabhu, and discussed problems going through the bicycle and different industries of Ludhiana.

Led via president Gurmeet Singh Kular, the delegation demanded that a steel regulatory authority be formed at the earliest, so that the issue of pointless hike in prices of raw subject material via steel cartels is resolved. Giving additional info, Kular mentioned: “The upward push in prices of steel raw subject material has develop into a very giant issue, taking a toll on the business, particularly micro and small business. For the past three hundred and sixty five days, charges of steel raw subject material have shot up a number of occasions, main to large losses for manufacturers of bicycle parts, stitching device parts, and different allied industries. Today, we took up this subject with the business and commerce minister, who had taken a serious word of the problem and assured action.”

Kular additionally mentioned: “Since Prabhu holds the additional portfolio of aviation ministry, we had additionally raised the problem of the inadequate Ludhiana airport. Unfortunately, our airport is in a depressing condition, as despite the massive call for for outbound and inbound flights from Ludhiana to different cities every day, because of the short runway and lack of equipment, only smaller capability planes can land right here, and that is the reason just one flight is operational right here, which has very much less passenger and cargo wearing capability. Therefore, we demanded that the airport be upgraded, and no less than 3 flights from Ludhiana be began for Delhi.”

The businessmen additionally discussed the issues of dumping of inexpensive Chinese bicycles via some firms in India below the Public Bike Sharing System, and re-introduction of Credit Link Capital Subsidy Scheme. Others present in the meeting included Fico secretary Rajeev Jain, and All India Cycle Manufacturers Association secretary-general Dr KB Thakur.

Fico team briefs Union minister on local industry issues Fico team briefs Union minister on local industry issues Reviewed by kailash soni on May 17, 2018 Rating: 5
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