Industry Group Raises Holding Tax Concerns with Industries Minister

Laghu Udyog Bharati Members Highlight Infrastructure Issues in Adityapur Area

Key Points:

• Delegation opposes municipal corporation’s proposed holding tax on units
• Poor road conditions and lack of streetlights plague industrial area
• Minister assures prompt action on four-point infrastructure demand

JAMSHEDPUR – Industry representatives met Industries Minister Sanjay Prasad Yadav to protest Adityapur Municipal Corporation’s proposed holding tax and highlight infrastructure gaps.

The industrial area faces multiple challenges. Road conditions have deteriorated severely.

“The additional tax burden would affect 1,200 units employing 1.5 lakh workers,” stated Gyan Chandra Jaiswal.

Infrastructure Issues

Recent surveys show 70% of area roads need urgent repairs. Accident rates have increased by 40%.

Additionally, non-functional streetlights create security risks. Local police report rising theft incidents.

Economic Impact

The region contributes significantly to state GDP. Similar industrial areas show 30% growth without additional taxes.

Moreover, indirect employment supports 50,000 families. The sector faces multiple existing tax obligations.

Development Plans

The administration plans comprehensive infrastructure upgrade. Work will begin within three months.

Meanwhile, temporary lighting solutions will be implemented. The minister prioritized immediate road repairs.