Srinagar, Oct. 10 -- The Federation of Chambers of Industries Kashmir (FCIK) has criticised the Group of Concerned Citizens (GCC) over its apprehensions regarding the Jammu and Kashmir Ease of Doing Business Act, 2026, arguing that the legislation seeks to reduce procedural hurdles for businesses without removing substantive legal obligations.
In a statement, FCIK described the GCC's concerns as speculative and said the group had overlooked safeguards and exceptions in the legislation relating to environmental protection, public safety, public interest and specified planning restrictions.
The industry body said entrepreneurs in Jammu and Kashmir had faced prolonged delays in obtaining permissions and clearances, overlapping departmental j...