Category: Business

Business

Government constitutes 23-member ‘Tourism Advisory Board’

Editor

Chaya, Burza, Siah, Tramboo among its members  The Jammu and Kashmir Government has constituted a Tourism Advisory Board under the Chairmanship of Chief Minister Mufti Mohammad Sayeed. The Board comprises 23 members and a member Secretary  to advise and suggest measures for tourism development, promotion and publicity, creation of high end infrastructure and any other issue related to Tourism in the State. The members are Parvez Dewan IAS, Former Union Tourism Secretary, Dr. Lalit K Panwar IAS, Former Union Tourism Secretary, Umang Narula, IAS, Chairman cum Managing Director ITDC, Ashwani…

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New Delhi’s financial packages to JK ‘fail’ to bolster Kashmir economy

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The Rs 80000-crore financial package announced by Prime Minister Narendra Modi in Srinagar on November 7 may have gratified the PDP-BJP coalition government in the State, but doesn’t extend any hope about stimulating Kashmir’s own economic strength, experts have opined, citing ‘failure’ of a host of previous such financial packages in Kashmir. The present financial package is the third such economic package announced for J&K since 2002 when the then Prime Minister AtalBihari Vajpayee announced Rs 8687 crore package envisaging 26 projects. According to experts, a major share of the…

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TASK to organize road shows in major cities: Siah

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Travel Agents Society of Kashmir (TASK) is the oldest travel trade body which has been at the forefront of promoting Kashmir for tourism. Initially there were only nine members when its foundation was laid in 1968. Since then, TASK has promoted Kashmir and many of its members emerged as the leading travel agents in the State. Currently, TASK has 107 members. Recently one of its member Center Point Tours and Travels received national award. In its recent elections, TASK elected noted travel agent Mohamamd Ibrahim Siah as its new President.…

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Valley traders reject PM Modi’s package

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Say first rehabilitate flood-affected businessmen The Kashmir Chamber of Commerce and Industry (KCCI) today ‘rejected’ the Rs 80,000 crore package announced by Prime Minister Narendra Modi on Saturday. The Valley businessmen said the Centre should first rehabilitate flood-hit businessmen and that five-year plans would not provide immediate relief to them. “We have rejected the package…. Instead of an immediate relief package, the Prime Minister has made allocation of funds to the tune of Rs 80,000 crore to be spent over a period of five years. The Rs 44,000 crore financial…

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Package fails to cheer tourism stakeholders

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Prime Minister Narendra Modi’s announcement of Rs 2,241-crore package for the tourism sector has failed to enthuse stakeholders in the Kashmir valley. They said the announcement made by Modi yesterday dealt with the long-term development of the tourism sector, but the present issues facing the industry were not addressed. “The package mainly deals with long-term projects. There was no mention of any short-term or immediate compensation for the flood-hit tourism sector,” said Nasir Shah, coordinator, Tours and Travel Bodies and former chairman of the J&K Tourism Alliance. Shah said the…

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Kashmir Inc little excited over PM’s visit

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As Prime Minister Narendra Modi is visiting Srinagar on Saturday, the Kashmir business community is “little excited” as according to them the PM has “failed to keep his promise with the flood victims in the Valley.” Talking to us, President, Kashmir Chamber of Commerce and Industry, Mushtaq Ahmad Wani said they had little hope about any rehabilitation package to be announced by the PM “as Kashmiris are now fed up with such promises.” “Our message is clear to the Government. In the first instance the flood victims should be rehabilitated,”…

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Mufti promises hassle-free business environment for filmmakers in Valley

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Chief Minister Mufti Mohammad Sayeed on Thursday interacted with a group of 12 postgraduate students from the Media Education Research Centre (MERC) of the University of Kashmir, who have been invited to Mumbai for the 17th MAMI Film Festival. The Chief Minister met the students before addressing the glitterati of the Mumbai film industry during the concluding function of 17th MAMI (Mumbai Academy of Moving Images) Film Festival in Mumbai last evening. In his address, Mufti promised a hassle-free business environment to woo filmmakers for shooting their films in the…

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Anil Ambani to set up call centre in JK

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Anil Ambani has agreed to set up a 1,000-seater call centre in Jammu and Kashmir in two phases which will provide job opportunities to nearly 3,000 youth. Ambani gave this assurance to Chief Minister Mufti Mohammad Sayeed, who met various business tycoons in Mumbai and discussed prospects to give an impetus to investment in industry, telecommunication, power and tourism sectors in Jammu and Kashmir. An official spokesman said Mufti, in his meeting with Ambani, sought cooperation for investment in the information technology sector to create employment opportunities for the youth…

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Take strong position for Kashmir’s economy – KEA to CM

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PM’s Srinagar Visit As the Prime Minister Narendra Modi is visiting Kashmir on November 7, Kashmir Economic Alliance has asked Chief Minister Mufti Mohammad Sayeed to extract tangible economic benefits from PM’s visit. KEA Chairman Showkat Mohammad Chowdhary said PM had visited Kashmir last time and returned back only to disappoint Kashmiris. “But now much hype has been given to massive economic package that Prime Minister is going to announce in Srinagar. We hope his announcements would not disappoint Kashmiris. Mufti Sahab should also take strong position for Kashmiris who…

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Kashmir bat industry in slump: Low demand hits stakeholders

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The cricket bat manufacturers in this town are a worrying lot. Reason: The demand for their product, according to the manufacturers has sharply declined. The manufacturers said they were facing a host of problems due mainly to government “indifference” towards this huge industry. “And now the sharp decline in the demand has worried us,” they added. The bat makers said they were awaiting industrial cluster announced by the government sometime back that they expected would help them work in an organized manner and make some good earnings. “But this has…

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