Trade bodies demand measures for revival of business in Kashmir

KT NEWS SERVICE. Dated: 6/3/2020 11:46:30 PM

SRINAGAR, June 3: Over 30 bodies today demanded measures for revival of business in Kashmir.
Leaders of these organisations held a press conference here and threw light on the losses business community in valley has been suffering.
Sheikh Ashiq, president of KCC&I said the traders who have suffered in past several decades in Kashmir demand measures for the revival of their respective businesses. “The only aim to hold a joint presser today is to raise our voice for the business fraternity across the Valley who have suffered huge losses due to the time to time situation witnessed here,” he said.
“In particular, our businesses are suffering from last 10 months and we have never come out of the lockdown. We have met the Union Home Minister and Union Finance minister and MoS PMO regarding the losses faced by the traders. We have brought into their notice about the challenges being faced by the business community in Kashmir,” he said, adding that they were expecting a good result from the meetings but the Covid situation that occur following the meetings spoiled it all.
He said the situation of business has got further deteriorated after the Covid pandemic in Jammu and Kashmir. “In India, our businesses friends in India have raised voice over the losses suffered by them. The government later announced a package for the people who got affected. We have been excluded from the package as the package was announced for those only who have suffered losses in last two months. But, the businessmen in Kashmir are facing the losses from last ten months,” he added.
“As the government has announced the phase one of unlock, the business fraternity here is facing yet another challenge i.e. lack of cash flow,” Sheikh said, adding that such a situation is the outcome of the lockdown from last ten months
He added that as the unlock 0.1 has been declared, they have got disappointing feedback from the tourism sector, who are expecting no tourist flow in the Valley this year (2020) while are also doubtful about the next year.
Similarly, he said horticulture sector has also suffered huge losses. “Although the sector managed to transport the stuff in the month of August-September last year, but now, they too are struggling," Sheikh said.
The traders said Kashmir has witnessed 3000 days of lockdown during last two decades which deteriorated the situation on business
front.

 

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