Category: Business

Business

KCCI Slams Sudden OTM Snub, Calls for High-Level Inquiry

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KCCI Slams Sudden OTM Snub, Calls for High-Level Inquiry

KCCI Meeting Addresses Sudden Cancellation of Tourism Participation at OTM Mumbai The Kashmir Chamber of Commerce and Industry (KCCI) convened a critical meeting today, attended by heads and representatives of 20 Hotel, Houseboat, travel, and tour organizations of Kashmir. The gathering aimed to deliberate on the serious situation arising from the Department of Tourism’s abrupt decision to cancel its participation in the Outbound Travel Mart (OTM), scheduled to be held in Mumbai from January 30 to February 1. For over two decades, the Department of Tourism has been an active…

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KCCI Expresses Resentment Over Exclusion from Reconstituted Boards in J&K

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KCCI Expresses Resentment Over Exclusion from Reconstituted Boards in J&K

Business Community Outraged: KCCI Left Out of J&K Industry Boards The Kashmir Chamber of Commerce and Industry (KCCI) has expressed strong resentment over its exclusion from the recently reconstituted Board of Directors of several key organizations in Jammu and Kashmir, including the J&K State Industrial Development Corporation Limited (SIDCO), J&K Small Scale Industries Development Corporation Limited (SICOP), Jammu and Kashmir Cements Limited (JKCL), Jammu and Kashmir Handicrafts and Handloom Corporation (JKHHC), Jammu and Kashmir Industries Limited (JKIL), and Jammu and Kashmir Khadi & Village Industries Board (KVIB). Key Concerns Raised…

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Handicraft Market Alert: Dealers Advised to Stop Misleading Consumers with Machine-Made Goods

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Handicraft Market Alert: Dealers Advised to Stop Misleading Consumers with Machine-Made Goods

Don’t pass off machine-made products as hand-made: Govt to handicraft dealers J&K Handicrafts and Handloom Department on Monday warned showroom owners dealing with hand-made craft products to desist from selling machine-made items in the garb of genuine handmade products, failing which strict action under the ambit of Tourist Trade and Quality Control Acts shall be initiated. In an official statement, a spokesperson from the Handicrafts and Handloom Department stated that several complaints have been received by the department wherein machine-made Turkish carpets have been sold to tourists and other buyers…

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Budget-Friendly Luxury: Vande Bharat Express Opens New Doors to Kashmir

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Budget-Friendly Luxury: Vande Bharat Express Opens New Doors to Kashmir

An Affordability Revolution for Kashmir’s Travel Economy By: Javid Amin January 2025 marks a groundbreaking chapter in Kashmir’s travel story with the much-anticipated launch of the Vande Bharat Express, India’s flagship semi-high-speed rail project. The train promises to transform the travel experience to and from the Valley, offering not just speed but unparalleled comfort and affordability. As this modern marvel takes its first journey, connecting New Delhi to Srinagar in just 13 hours, it sets the stage for a new era of connectivity, affordability, and economic growth for the region.…

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KCCI Urges J&K Bank to Lift Monetary Caps on ‘Karz-se-Mukti’ Scheme

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KCCI Urges J&K Bank to Lift Monetary Caps on 'Karz-se-Mukti' Scheme

KCCI Pushes for Unrestricted ‘Karz-se-Mukti’ Scheme to Aid Borrowers Srinagar, January 1: The Kashmir Chamber of Commerce and Industry (KCCI) has called on Jammu & Kashmir Bank to eliminate all monetary caps and ceilings from its recently announced special one-time settlement scheme, named “Karz-se-Mukti.” According to the Chamber, the scheme must operate without any upper limits to effectively address the diverse needs of borrowers across all segments of the business community. The existing scheme includes a ceiling of ₹5 crore, which the Chamber identifies as a significant impediment to its…

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Historic Milestone: Udhampur-Srinagar-Baramulla Rail Link Completed

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Historic Milestone: Udhampur-Srinagar-Baramulla Rail Link Completed

Udhampur-Baramulla rail line ready; Centre calls it milestone A significant milestone has been achieved with the completion of the final track work on the prestigious Udhampur-Srinagar-Baramulla Rail Link, connecting Kashmir with the rest of the country. The Ministry of Railways announced the development on Friday. Union Railways Minister Ashwini Vaishnaw shared the update on X, calling it a “historic milestone.” He stated, “Final track work on the Udhampur – Srinagar – Baramulla Rail Link is complete.” He further revealed that the ballast-less track work for the 3.2 km-long tunnel T-33,…

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Kashmiri Vendor Attacked in Haryana, Sparks Outrage

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Kashmiri Vendor Attacked in Haryana, Sparks Outrage

Kashmiri Vendor Attacked in Haryana, Sparks Outrage Srinagar, December 9, 2024 – In a distressing incident at the Geeta Jayanti Fair in Kurukshetra, Haryana, a Kashmiri cloth vendor was targeted and attacked by miscreants, sparking widespread outrage. The assault highlights the serious issue of communal disharmony and intolerance, and has been strongly condemned by politicians across Jammu and Kashmir. Incident Details The attack occurred during the Geeta Jayanti Fair, where a group of right-wing activists reportedly targeted the vendor, vandalizing his stall and physically assaulting him. A video of the…

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MSME Crisis: J&K Suffers 700 Closures in Four Years, Part of National Struggle

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MSME Crisis: J&K Suffers 700 Closures in Four Years, Part of National Struggle

700 MSMEs shut shop in J&K in 4 years; The closures in J&K are part of a larger nationwide trend, with 61,469 industrial units, including 60,909 micro, 507 small, and 53 medium-scale enterprises, closing during the same period Srinagar, Dec 5: In a significant blow to Jammu and Kashmir’s industrial landscape, over 700 Micro, Small, and Medium Enterprises (MSMEs) have shut down operations in the past four years. According to a written reply by Union Minister of Commerce and Industry Piyush Goyal in the Lok Sabha, 701 industrial units, including…

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Nadru in Kashmiri Cuisine: A Culinary Treasure from the Lakes

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Nadru in Kashmiri Cuisine: A Culinary Treasure from the Lakes

Nadru: Kashmir’s Culinary Gem and Cultural Treasure By: Javid Amin Few ingredients evoke the essence of Kashmiri culture like Nadru—the prized lotus stem harvested from the pristine waters of Kashmir’s lakes and wetlands. Beyond its unique taste and texture, Nadru holds a deep cultural and economic significance for the region, making it a must-have in every Kashmiri household. This article explores the origins of Nadru, its importance in Kashmiri cuisine, and how platforms like Kashmir Store and Kashmir Bazar are bringing this delicacy to food lovers worldwide. What is Nadru?…

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Kashmir’s Tourism Gets a Fillip with Autumn Colors and Early Snowfall

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Kashmir's Tourism Gets a Fillip with Autumn Colors and Early Snowfall

The tourism players say the tourism sector has seen a slump after bumper tourism seasons in 2022 and 2023, noting that low footfalls since July after the end of Parliamentary elections By: Javid Amin After a lean tourist season in the backdrop of back-to-back Parliamentary and assembly elections in Jammu and Kashmir this year and deterioration in security situation, there has been a slight uptick in visitors in November to Kashmir valley, hinting at better days. The tourism players say the tourism sector has seen a slump after bumper tourism…

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