The economic system of Kashmir has suffered since august following the government’s motion to stop the state’s special status and bifurcate it into two Union Territories, Businessmen in the state say. Its top trade body, the Jammu and Kashmir chamber of commerce, said since August 5, the state has suffered a loss of business worth around 1 lakh crore Rupees.
Terrorists killed 11 people from outside lands in Kashmir in the last weeks. It also included truck drivers, laborers, and apple traders. Five workers of West Bengal were killed on Tuesday.
Due to this incident, the apple traders have become dismayed. The highest apple exports from the state are from this region. The contribution of apple trade to Kashmir’s GDP is 7%, it is currently breaking through a hard spot. Granting to the state parks department, approximately 9.09 lakh metric tons of apple have been shipped out this season with the help of 65701 trucks. The department’s director, Ejaz Ahmed, says recent events will not be touched on much. 7 lakh families in the country are regarded in the apple trade. The valley produces about 3.35 lakh hectares of the fruit crop. It delivers 1.62 lakh hectare apple orchards. Last yr., close to 23.30 lakh tons were brought about by mixing fruit-dried fruits.
An apple trader said that the labor coming from outside is the linchpin of the business deal. While in Kashmir, Shaikh Ashik Ahmed, president of the chamber of commerce and industry, said that 3-4 lakh workers come to the valley every year. Most of the workers have departed the valley following the advisory issued in August. But what has been passing off will affect these results. The employment of more than one million people has been stripped. While over one lakh crore rupees have been lost.
With the consequence of the Trade industry the Tourism industry has likewise been affected adversely. The tourist rush has dropped drastically due to terrorist incidents. Ashik Ahmed says that not everything is normal in Kashmir, we must establish trust. Between August 5th and October 1st, only 4231 tourists visited the valley, of which 928 were foreigners. Withal, 1.61 lakh tourists reached this period last year, of which 9800 were foreigners. Before the advisory was announced on August 2nd, 5.21 lakh tourists and 3.40 lakh pilgrims arrived. There were 12.74 lakh tourists in 2016, 11.96 lakh tourists in 2017, and 7.85 lakh in 2018. Every year since the increased terrorist incidents Kashmir has witnessed a large red ink in trade and tourism.
Tags : Jammu and Kasmir , trade , J&K Chammber of commerce , tourism