Category: Business

Business

Tourism slump costs 50000 jobs in Kashmir

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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…

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LoC traders pitch for increasing tradable items at Dubai meet

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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…

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PPP will turn Doodhpathri concrete destination: TAAK

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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…

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Steep fall in Kashmir business, says KCCI

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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…

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Mushtaq Group signs Rs 1000 Cr deal with Carlson Rezidor to open 7 hotels in JK

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Mushtaq Group of Hotels signed a portfolio agreement with one of the world’s largest hotel companies, Carlson Rezidor Hotel Group, on Monday to open seven hotels in Jammu and Kashmir. The Rs 1000 crore deal will be a major boost for tourism in the state. According to the agreement, seven hotels with 817 rooms will be opened under Radisson Blu, Radisson and County Inns and Suites by Carlson brands in the state. The first hotel is expected to open in the fourth quarter of 2016 in Srinagar. Speaking at a…

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Snowfall brings joy to tourists

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As Kashmir plains received this winter’s first snowfall, it has brought cheers to tourists visiting Valley at this time. Hundreds of the tourists visiting Kashmir’s famous tourist resort Sonamarg expressed joy. Though the road leading to Sonamarg is closed owing to slippery road conditions and chances of slides along the route, the tourists are seen enjoying snow at Gagengar, a village few kilometers ahead of Sonamarg. All the business establishments including hotels, restaurants, shops get closed in early December in view of the heavy snowfall the area receives during winters.…

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Call centre with 500 seat capacity to be functional from April

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Govt to create enabling environment for investment: Mufti Following Chief Minister, Mufti Mohammad Sayeed’s meeting with Anil Ambani, owner of ADAG  (Anil Dhirubhai Ambani Group) in Mumbai last month, Reliance Communications will make its 500-seater Call Centre functional here from April next year. This was revealed in a meeting chaired by the chief minister with a team from ADA Group here Thursday morning. The team is in the summer capital to work out modalities for setting up call centres in the two capital cities of the state. Advisor to Chief…

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Kashmir rekindles tryst with Bollywood

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With the government making all-out efforts to woo Bollywood to revive Kashmir’s link with the Hindi film industry, the tourism sector is hopeful that more Bollywood crews would shoot in the Valley in the winter months. After the completion of the first shooting schedule of “Sargoshiyan”, which was the first crew to have come here after Chief Minister Mufti Mohammad Sayeed’s meetings with several Bollywood bigwigs in Mumbai last month, the Tourism Department has started getting some response from Bollywood. “Sargoshiyan” stars Shahbaz Khan, Sara Khan and Fareeda Jalal. “The…

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Good response to chopper service for tourists

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Over the last two weeks, there had been a “good response” to the first-ever helicopter service to the tourist resorts of Gulmarg and Pahalgam. It had been flagged off by Chief Minister Mufti Mohammad Sayeed targeting high-end tourists to the Valley. “Although there are less bookings, at least 40 per cent of the enquiries every day are pertaining to the helicopter service,” said an official of the Jammu and Kashmir Tourism Development Corporation. These enquiries are mostly related to the helicopter service to Gulmarg and Pahalgam and air safaris over…

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Sajad presents Rs 2,000-crore vision document to revive livestock sector

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To give fresh impetus to the livestock sector in the state, a vision document 2025 was discussed at a high-level meeting of officials of the Animal and Sheep Husbandry Department here today. Minister for Animal and Sheep Husbandry, Fisheries and Science and Technology Sajad Gani Lone, who has devised the vision document himself, chaired the meeting. Union Secretary, Animal Husbandry, Dairying and Fisheries, Ashok Angurana, Secretary, Animal and Sheep Husbandry, Satish Nehru, directors and heads of various wings of the Animal and Sheep Husbandry and Fisheries departments, besides core group…

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