Himaliya Platinum

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Estate Rangreth with Entrepreneur of i.e Rangreth ,I&C ,I&C .

NO: KCC&I /PC /588 6TH OCTOBER, 2017
JOINT PRESS CONFERENCE
BY
JAMMU & KASHMIR CHAMBERs OF COMMERCE & INDUSTRY
In response to the support extended by the Kashmir Chamber of Commerce and Industry to the Jammu Chamber of Commerce and Industry on issues of common interest of Trade, Commerce and Industry of Jammu & Kashmir and in the interests of persons engaged in such activities, both our Chambers have decided to unite in highlighting the numerous focus areas and specific interventions required by the State and Central Governments.
With regard to policy matters and issues wherein there are divergent views, it has been decided that both the Chambers - with respect to the sentiments and views of people of both the regions – will restrain themselves from raising such issues which may have a tendency to vitiate the environment, have political colors and are not directly related to Trade, Commerce and Industry.
Having said that, we would now like to address some principal areas wherein both the Chambers feel that urgent and decisive intervention is required:
1. TOURISM:-
Promotion of Intra-Regional Tourism Circuit
The Chambers would like to advise the Government to have a systematic and professionally managed promotional campaign to promote leisure, adventure, religious and border tourism as we feel that the real potential of this sector is untapped.
We request the State Government to urge the Central Government to take a policy decision to instruct all departments/ministries to hold Departmental Conferences in J&K State so that people across the country know the ground realities, culinary heritage and themselves see the peaceful atmosphere and the rich culture of the State.
Although the Tourism Sector has been declared as an Industry in the year 1995 but the sector is being denied incentives as per the Industrial Policy by the Power Development Department.
2. MASTER PLAN :-
The Chambers express grave concern and displeasure over the way the current Master Plans are being designed ignoring the ground realities and not taking into consideration the urgent requirement of changes to be made regarding Land Use, Provisions for new commercial spaces, Parking & Other Utilities. The Building Laws, Floor Area Ratios, Setbacks, Zoning Plans and Permissible Building Heights are areas where both the Chambers have serious reservations.
Both the Chambers also urge the State Government to extend till 31st March, 2018 the Ordinance regarding the J&K Civic Laws (Special Provisions) Amendment Act, 2014 as the Master Plan is yet be finalized.
3. DEVELOPMENTAL PROJECTS :-
We urge the State Government to fix the deadlines for completion of all developmental projects being undertaken throughout the State as the delay in completion translates into cost escalations and ultimately these projects turn into financial nightmares for all the stakeholders.
Our Chambers would also request the Government to fix accountability of officers in-charge of such projects.
The Chambers feel stunned and anguished over the recent statement by the Deputy Chief Minister declaring the Artificial Lake Project on River Tawi as a big scam and non-viable as a project. The Chambers question the Deputy Chief Minister that is the in-charge ministry also a party to this scam as there has been neither any enquiry nor any suspension of any official in connection with the alleged scam. The Chambers advise the Government to revisit the Artificial Lake Project in consultation with any of the IIT’s.
The absence of a proper Tendering and Procurement Policy by the State Government is also of prime concern to both the Chambers as this results in the inordinate delays in projects and huge cost escalations. In addition the Chambers jointly question the State Government over the non-implementation of the Delayed Payment Act. The delay in receipt of payments from Government Departments has had a crippling effect on the concerned members of the business community.
4. PUBLIC SECTOR UNDERTAKINGS:-
We are concerned at the losses to our economy being caused by the lack of accountability in the Public Sector Undertakings. A conservative estimate shows the current liabilities of these PSU’s to be upwards of Rs.10,000 Crores. In addition, the locking up of resources in the shape of infrastructure, land, manpower and potential has a consolidated negative impact – primary and consequential - running into lakhs of crores. Other important sectors like Handicrafts, Tourism, Power, Manufacturing, LOC Trade, Horticulture and Agriculture suffer due to the lack of a clear and proactive policy. A coordinated effort in this direction would go a long way in pulling our economy out of it’s present state.
The preference to local industry in line with the Industrial Policy of 2016 passed by the State Cabinet is not being implemented with regard to “Purchase and Price Preference” by the Power Development Department to the local industrial units resulting in bringing these units to the verge of closure.
With one of the highest Transmission & Distribution Losses in the world, our State needs a serious relook at the system. Even though, T&D losses have been marginally reduced, still the percentage remains quite alarming.
5. EASE OF DOING BUSINESS :-
We urge the State Government to put in place the Single Window Systems for all the Sectors especially in the Industrial Sector where the Chambers expect the availability of land, power and other utilities to be unambiguously specified.
6. CREDIT CARD/DEBIT CARD WAIVER OF CHARGES:-
The Chambers urge the State Government to take up the issue of waiver of charges on Debit/Credit Card with the Reserve Bank of India.
Both the chambers of Jammu & Kashmir shall be jointly addressing issues and conveying press conferences regularly as and when may be required.
JAVED AHMAD TENGA RAKESH GUPTA
PRESIDENT PRESIDENT
KASHMIR CHAMBER OF COMMERCE & INDUSTRY (INC) JAMMU CHAMBER OF COMMERCE & INDUSTRY

Manufactured at J&Ks first BIS accredited steel rolling mill, Himalaya Platinum TMT Bars come to you from fully automatic plant with state of art equipment and tools. The bars are intensely quenched leading to martensitic surface and austenitic core. The bars undergo self tempering forming ‘tempered martensite’. The bars are then allowed to cool using atmospheric cooling technique.
There also runs a parallel quality control process that ensures meeting the set benchmarks are every stage of manufacturing.
The sizes available for Himalaya Platinum Bars include:-
o 8mm
o 10mm
o 12mm
o 16mm
o 20mm
o 25mm

All the sizes are available in technical grades of:-
o 415
o 415D
o 500
o 500D
o 500S
o 550D

The group offers professional high quality engineering services to clients that not only help in installing the solutions but even contribute in their conceptualisation bringing a lot of economies to clients by being efficient and accurate from the beginning. We help our clients in conceptualising, designing, standardisation, estimations, procurement, installation and executaion of a typical engineering solution. Our relationship does not end here only. We build a perpetual relationship with the client by offering life time after sale service and maintenance ensuring that the solution is up and running maximising the benefits of our clientele.
Further information and bookings orders. Feel free to contact us on these no’s 9596783010, 0194-2432800.
Web Site :- www.jkgoi.com

Comparison Price Indices: Another Mixed Week
Flat rolled prices were mixed this past week. Early last week we were collecting information from steel buyers who were advising Steel Market Update that steel mill lead times were short and there were still holes in the order books at many of the domestic mills. As the week progressed we found, especially after the Trump comments on tariffs and quotas, the mills as being more committed to keeping prices firm.
Benchmark hot rolled had a very narrow range on the three indices followed by SMU who all reported last week. SMU had our index average as unchanged at $610 per ton ($30.50/cwt) while Platts took their numbers up twice during the week and ending at $615 per ton. SteelBenchmarker reported hot rolled steel prices last week as they do only twice during the month. The SteelBenchmarker HRC average was up $3 per ton to $610 per ton.

China steel output hits record in June
BEIJING (Reuters) - China's steel output rose 5.7 percent in June to a record 73.23 million tonnes, data showed on Monday, as mills in the world's top producer ramp up production due to fat profits from rallying prices.
The numbers come amid a trade dispute with the United States, which says China has flooded international markets with cheap aluminum and steel.
June's total surpassed April's monthly record of 72.78 million tonnes, fuelling worries of a growing glut.
In the first half of this year, steel output totaled 419.75 million tonnes, up 4.6 percent from the same period in 2016, data from the National Statistics Bureau showed.
Meanwhile, China's aluminum production rose 7.4 percent year-on-year in June to its highest level on records back to 2014.
Steel rebar margins were almost 1,000 yuan ($147.77) per tonne in June, enticing mills to increase output, said Bai Jing, analyst at Galaxy Futures.
"China's crackdown on low-end steel has left a capacity gap in the market," she said.
Stocks of rebar held by Chinese traders hit a six-month low on Friday, at 370.4 million tonnes, data from Steel Home consultants showed.
China eliminated around 120 million tonnes of low-end steel capacity in the first six months of this year.
The country had fulfilled nearly 85 percent, or 42.4 million tonnes, of its 2016 steel capacity cutting target by May.