Local cement industry in distress; outside companies enjoy windfall amid Unrest in Kashmir Archives

In the wake of ongoing unrest in Kashmir, the local cement industry here has suffered an estimated Rs 300 crore loss, while the outside cement manufacturers are reaping dividends in the Valley. Prior to unrest, the local production—both in private and public sector— would suffice the demand. However, the closure of the units due to the shutdown from July 9 has made Valley dependent on imports. According to sources Kashmir gets cement, mostly of “substandard” quality, from the outside in the wake of closure of the local units here, which…