Several industry associations, including the Jammu Chamber of Commerce and Industry (JCCI), have praised the Union Budget for being "well-balanced" and introducing various initiatives on the tourism sector. They have expressed optimism that the government will take steps to develop a major tourism hub in the region. JCCI President Arun Gupta suggested that the government should include provisions for establishing public sector enterprises to promote industrial growth and create job opportunities in the union territory.
"The budget is well-balanced, with attention given to crucial sectors such as defence, health, agriculture, development, exports, women, youth, the lower middle class, and the 'Make in India' initiative," he remarked. Also read: Tourists warned not to cross frozen sections of Chandra River in Himachal Gupta expressed hope that the government will work towards turning Jammu into a prominent tourism destination, thereby boosting tourist arrivals. Lalit Mahajan, Chairman of the Federation of Industries Jammu, called the budget industrial-friendly and praising the proposals aimed at the development of MSMEs and related sectors.
However, he voiced disappointment over the non-extension of the central incentive package for both existing and new units in Jammu and Kashmir. Rahul Sahai, Chairman of the Jammu chapter of the Indian Chamber of Commerce, described the Budget as a well-thought-out financial plan that aligns fiscal discipline with economic growth, ensuring su.
