50% air subsidy failed to give relief to fruit business: FCIK

Federation Chamber of Industries (FCIK) today said that the air transportation cost is so high that even 50 % subsidy announced by the Finance Minister has failed to give relief to businessmen related to horticulture sector.

In a statement, FCIK said that the Economic Stimulus announced by the FM has been unable to boost the J&K economy. Quoting Ovees Qadir Jamiem FCIK Secretary General it said, “the 50% transportation subsidy provided on selected fruits and vegetables by the govt has no significance as the air transportation cost is so high if it is utilized it still makes fruits & vegetables costly. Instead of 50% Air transportation subsidy the government should have provided road transportation subsidy on all the fruits exported from J&K as they are transported by road.”