Category: Business

Business

Can’t be taken for granted anymore, says Kashmir’s business community

Editor

Kashmir traders’ groups have said they have sent a clear message with their boycott of the pre-Budget meeting with the Finance Ministry that they cannot be taken for granted anymore and be swayed by false assurances. Traders said they boycotted Monday’s meeting in protest against the government’s “failure” to suitably rehabilitate victims of last year’s floods, but there were other reasons that had led to resentment among the business community. “We expressed our disappointment by boycotting the meeting. The government is only playing politics and fooling us through false promises.…

Read More

Poor power makes Kashmir’s manufacturing industry poorer

Editor

Stating that the industrial output in Kashmir has sharply declined by over 50 per cent due to erratic power supply, premier industrial body, Federation Chamber of Industry Kashmir, Monday threatened to close down their units “if the state government did not provide uninterrupted power supply”. Senior Vice President, FCIK Afaq Qadri while talking to us he said the government is “indifferent” towards the manufacturing industry in Kashmir which is facing huge problems due to wrong policies of the government. “Our production has dipped by over 50 per cent in last few…

Read More

Demand for dried vegetables soars during winter in Kashmir

Editor

The demand for dried vegetables increased in Jammu and Kashmir as the minimum temperatures across the Valley were recorded below the freezing point. The residents witnessed intense cold wave as 40-day long Chillai Kalan, believed to be the harshest winter period, began in the state. The demand and sale for dried vegetables increase as people in the valley relish dry vegetables, smoked fish and wild herbs to survive during the extreme winter. On Sunday, people thronged local markets to purchase vegetables like bottle gourd, brinjal, beetroot, pumpkin, tomatoes, turnips, and…

Read More

‘Despite floods Kashmir had good tourism season last year’

Editor

Gearing up for promotional campaigns, various Kashmir-based travel associations with the support of Government will organize massive marketing shows across many Indian cities during this winter.   The marketing campaigns to be held at Indore, Raipur, Nagpur, Surat, Mumbai, Chandigrah, Ludhiana, Cochin, Bangalore, Hyderabad, Delhi and other places shall include road shows and seminars. Director Tourism Kashmir, Mahmood Shah confirmed that the department will be organizing such campaigns in several cities of India. He said the department is also now focusing on the states in which people have little knowledge…

Read More

Kashmiri artist bags national award in Papier Mache craft

Editor

Minister for Public Works, Floriculture and Gardens & Parks, Syed Mohammad Altaf Bukhari has congratulated Syed Maqbool Hussain Rizvi on his bagging the national award for excellence in Papier Mache craft.   Wishing Hussain a continuing successes, Bukhari assured the artisans pursuing various crafts like Papier Machie, Khatamband, Pashmina shawls, Copper works, Wood works, and all other skills “who were left to live in an atmosphere of despondency and scarcity of resources” that the present dispensation shall explore all possibilities to address their grievances.   “The state government is conscious…

Read More

Valley slopes to host heli-skiers from Jan

Editor

Jammu fest to make a comeback, Patnitop carnival will be bigger The slopes of Kashmir will see adventures of heli-skiers from January as a promotional campaign launched by the Jammu and Kashmir Government has attracted several high-end tourists from across India and western countries who will explore the beauty of the Himalayas. The Tourism Department has decided to revive the concept of a Jammu festival while the winter carnival at Patnitop will be organised in much bigger way this year. Officials said the next two months were packed with skiers…

Read More

Tourism slump costs 50000 jobs in Kashmir

Editor

The hoteliers across Kashmir valley have cut down the staff due to slump in tourism industry with over 50,000 people losing jobs after the occupancy fell down to 15 percent. The drastic decline in number of tourists visiting the State has resulted in job losses even in the high-end hotels. Officials said the occupancy has declined across the different hotel ranges and is even less than 15 percent in some low-end segments. “Kashmir has witnessed near 2 lakh decrease in the tourist numbers against last year’s arrival of 11 lakh…

Read More

LoC traders pitch for increasing tradable items at Dubai meet

Editor

The traders of divided Jammu and Kashmir concluded the two-day meet in Dubai where they pitched for opening more trade routes on Line of Control, inclusion of more tradable items in the list and easing travel and banking facilities for the trade. The trade leaders met in Dubai for two days on December 16 and December 17 to discuss the problems being faced in the trade. Kashmir Chamber of Commerce and Industry president Mushtaq Wani who attended the meeting said that the business leaders from both the sides welcomed the…

Read More

PPP will turn Doodhpathri concrete destination: TAAK

Editor

Travel Agents Association of Kashmir (TAAK) has flayed Government’s plan to allow Public Private Partnership in the virgin meadow of Doodhpathri. TAAK, in a statement, said the unique selling preposition (USP) of Kashmir is nature and its serene surroundings. “If we make our virgin tourism meadows like Doodpathri as the concrete jungles, then there will be no difference between metropolitan cities and these stunning meadows of Kashmir. People visit Kashmir to have a feel of nature which is famous for its pristine beauty. They don’t come here to stay in…

Read More

Steep fall in Kashmir business, says KCCI

Editor

Kashmir’s top trade and commerce body on Thursday said the tourism business and handicraft export sectors—apart from general trade—are witnessing a steep decline and the state and central government should “take effective steps” in this regard. Kashmir Chamber of Commerce and Industry (KCCI) said it feels concerned about the situation “arising out of downfall of business in tourism, handicraft exports and general trade in the Valley.” “The low turnover and resultant liquidity position in the market has left the stakeholders high and dry, leading to fears of total collapse of…

Read More