Business Archives | Page 28 of 102

Abrogation of Article 370 & Coronavirus lockdown cost Kashmir Rs 45000 Cr business losses

June 2, 2021June 2, 2021 Editor

Kashmir economy has borne the brunt of three back-to-back lockdowns since the abrogation of article 370 in August 2019 resulting in the loss of a whopping Rs 45000 Crore. The month-long lockdown from April 230 to May 30 this year has registered a loss of Rs 5000 crore alone, reveal figures worked out by the trade bodies of Valley. According to the Kashmir Chamber and Commerce Industries president Sheikh Ashiq Hussain, Kashmir economy suffered a loss of around Rs 17,878 crore in first four months of restrictions and shutdown in…

For third successive year, Apple produce in Kashmir takes a hit

May 23, 2021May 23, 2021 Editor

Growers say that due to rapid weather changes and the continuing cold weather and hailstorm, there is extensive damage to apple orchards To allow farmers tend to their crops on time, the Jammu and Kashmir administration has exempted wholesale and retail shops dealing in fertiliser and pesticides from the COVID19 lockdown. Farmers say this will enable them to carry out timely spraying this time, unlike last year when retail shops remained closed during lockdown. “At times, the law enforcing agencies are stopping farmers (on the streets) but once they are…

During last 36 months, Kashmir faced 22 months of lockdown

May 21, 2021May 21, 2021 Editor

In last three years, Kashmir’s economy has faced 22 months of lockdown leading to huge business losses as a result of which Kashmir’s economy is in dire-strait following an unprecedented situation arising out of Covid induced lockdown, the Kashmir business community said. Over 30 business organisations, federations including premier business bodies of Kashmir today held a meeting to chalk out the future strategy for seeking revival package from the government. Addressing a press conference which was attended by almost all the heads of trade and commerce bodies, President, Kashmir Chamber…

Kashmir’s Travel Industry badly shattered by COVID19 Second Wave

May 5, 2021May 5, 2021 Editor

The tourism sector in Jammu and Kashmir had picked up in November-December of last year with tourists coming to the valley in large numbers to enjoy the snowfall and serene views. However, the second wave of Covid-19 changed everything. The second wave of Covid-19 has badly hit tourism in Kashmir valley. According to the local tourist operators, tourism season gradually picked up from October last year. Heavy snowfall in the last winter attracted thousands of tourists in Kashmir especially in Gulmarg where the grand sports event ‘Khelo India’ was organized…

Evening flights to Srinagar will give major boost to Kashmir tourism: Dr. GN Itoo

March 31, 2021March 31, 2021 Editor

Welcoming the start of night flight operations at Srinagar airport, Director Tourism Kashmir Dr. GN Itoo said evening flights and direct flights from major cities will give a major fillip to the Valley’s tourism sector. He added that both the evening and the direct flight from a major city like Bangalore will go a long way in attracting more tourists to the Valley. “We have been pursuing direct and the evening flights for a long time which has now got materialised. There are many travellers, especially business class who fly…

Tulip Festival 2021 to kick start from today

March 25, 2021March 25, 2021 Editor

Asia’s largest tulip garden, overlooking the famous Dal Lake here, will be thrown open to the public on Thursday, marking the beginning of new tourism season in the Kashmir. Formerly known as Siraj Bagh, the Indira Gandhi Memorial Tulip Garden was opened in 2008 by then chief minister Ghulam Nabi Azad. The idea of the garden, spread over 30 hectares in the foothills of snow-clad Zabarwan Range, was conceived to advance the tourism season in the Valley by two months. “The garden will be thrown open for public on Thursday,”…

2021 Gave a dream start to the dead tourism industry in Kashmir

March 19, 2021March 19, 2021 Editor

Come Spring, Kashmir is fully sold out with hotels booked to the brim. An official of the tourism department said they are preparing for bumper spring and summer seasons in Kashmir. “Travel agents are receiving satisfactory queries from tour operators across the country. The bookings have surged since December. Hotels are 100% booked till April,” he said. Post unlock, Kashmir has been one of the most sought-after destinations for backpackers.Data reveals that tourism arrivals surged by 30 percent in the first quarter of 2021. As per the figures, more than…

Doodhpathri the Valley of Milk

March 2, 2021March 2, 2021 Editor

Around 47 kilometres away from summer capital Srinagar, Doodhpathri – a tourist destination and a hill station is located in central Kashmir’s Budgam district. At an altitude of 2,730 meters from sea level, the breathtaking destination lies 22 kilometres away from district headquarters Budgam. Popularly known as ‘Valley of Milk’, the revered saint of Kashmir Hazrat Sheikh Noor-ud-Din Noorani (RA) would spend time here and pray. According to the legend, the Sheikh went into the forests to quest his thirst but he found nothing. The legend goes that the Sheikh…

Tenon, Haryana based IS & FM Company bags J&K Bank contract deploys 1100 employees

February 22, 2021February 22, 2021 Editor

Tenon- India’s leading Integrated Security & Facility Management Service Provider has secured a contract for facility management with Jammu & Kashmir Bank across the Kashmir region. In a statement to news agency, the company has been already operating the security services in the region of Srinagar and other parts of Kashmir. The statement said “Tenon has deployed more than 1100 highly trained housekeeping & FM staff in Srinagar and other parts of Kashmir, who are known for their professional & tech oriented integrated facility management solutions.” Quoting Major Manjit Rajain,…

A two-day winter carnival in Pahalgam generates new hope within the industry

February 21, 2021February 21, 2021 Editor

A two-day winter carnival to revive the tourism sector, hit by the COVID-19 pandemic, began at the famous resort of Pahalgam in Jammu and Kashmir on Saturday, an official spokesman said.The popular tourist spot reverberated with colorful activities, including cultural programs, display of art and craft, live painting, and calligraphy both by amateurs and professionals, as the carnival organized by the Directorate of Tourism, Kashmir, began at the resort in south Kashmir’s Anantnag district, he said. The festival was inaugurated by Director Tourism, Kashmir, G N Itoo. Traditional music performances…