Indian companies suffer losses in Billions due to Kashmir Unrest Archives

National and multi-national companies operating across India have been incurring losses in billions due to prevailing Kashmir unrest. Despite being a consuming state, there is meager influx of commodities from different Indian states to Kashmir Valley. Senior Vice Chairman Kashmir Economic Forum and renowned industrialist Jan Muhammad Koul told news agency CNS that if current situation will prevail for many more days in Kashmir the State Government too will incur a loss of Rs ten thousand crores that it earns from traders in the form of Value Added Tax (VAT).…