BUSINESS

Kashmir’s handloom and handicraft exports have more than doubled over the past two years, with export figures surpassing Rs 1100 crores. Artisan on work on a loom weaving Kashmir Carpet using a unique ‘Zari’ technology, incorporating a metallic thread and multiple colours to make the iconic craft noticeable in the International market According to figures, exports surged from Rs 563 crore in 2021-22 to a remarkable Rs 1,162 crore in 2023-24, reflecting a robust growth trajectory. The sharp increase highlights the rising global demand for Kashmiri craftsmanship, renowned for its intricate designs and high-quality materials. Figures suggest that against Rs 165.98 crore in 2021-22, shawls worth Rs 424.20 crore were exported in the last fiscal year. Similarly, against Rs 251.05 cro...

Danishwar Hameed Residents of Kulgam are facing major disruptions as the local BSNL exchange has stopped distributing SIM cards. This unforeseen suspension has left many without access to mobile services, severely affecting communication, online transactions, and other essential services. A local resident expressed frustration, saying, "The lack of available SIM cards is making it difficult for many to connect with family, obtain crucial information, and carry out daily business activities." Locals said that the halt has caused significant inconvenience, particularly for newcomers or those who have lost their SIM cards. In response to these difficulties, community members are calling on the district administration to address the issue urgently. "We are requesting an investig...

Several tea stalls deemed illegal by authorities at tourist resort Doodhpathri in central Kashmir’s Budgam were gutted mysteriously in a fire incident. The fire broke out in the intervening night of July 21 and 22. Sources told news agency Kashmir News Trust that the cause of the fire was probably the gas cylinder explosion, however, an official said that they are investigating the matter. “There is a great distance between two such tea stalls. Surprisingly, several stalls have caught fire and were damaged in the fire incident. How the fire spread, is something astonishing,” he said. These tea stalls have been running illegally without permission from the authorities. Doodhpathri Development Authority (DDA) recently asked the owners of ‘illegal’ tea vendors to vacate the spa...

The average price of saffron—also known as the ‘King of spices’—has fallen 4.5% in the national capital, New Delhi, during the past two years. In the financial year (FY) 2024, the saffron was sold at Rs. 166,562.5 a kilogram in the wholesale market, while its average price in the Delhi markets during FY 2022 was Rs. 174,430.56 a kilogram, said an official data. The prices were reportedly indicative of trends and obtained from local markets in Delhi. However, prices for saffron vary across the country depending on quality and origin. Saffron comes from the stigma and styles of the saffron crocus flower, making its procurement highly labor-intensive. Notably, Kashmiri saffron was distinctive for its dark colour, strong flavour, and aroma compared to other parts of the world. O...

mid record breaking tourist arrivals, the airlines companies have hiked the airfare from various destinations to Kashmir by more than 40 per cent. As such, the stakeholders fear it could impact the flow of tourists in the coming months when Kashmir usually remains abuzz with visitors. As per the news agency—Kashmir News Observer (KNO), a cursory look at the airfare chart by various airline companies suggest that a one way trip from New Delhi to Srinagar costs between Rs 8000-11000 per person. Normally the same ticket would sell at Rs 4500-Rs 5000 per person. Similarly, an air ticket from West Bengal, where Kashmir receives maximum tourists during the ongoing season, sells between Rs 13000 to Rs 20000 per person. A return ticket costs between Rs 15000 to Rs 20000 per person. ...

The streets of South Kashmir, especially in Anantnag, are unusually quiet ahead of Eid ul Adha, with a noticeable absence of the typical pre-Eid business rush. This slowdown has significantly impacted traders in Anantnag, Pulwama, Kulgam, and Shopian districts, where the bustling activity that usually characterizes this time of year has diminished dramatically. Typically, these markets would be alive with people making festive purchases, but this year there's a significant decline in consumer activity. "This is very unusual. The trade during these days used to spike up, but this year, the shopping has just picked up with only one day left to Eid. We are barely able to manage our shop rents. GST, Inflation, loan interest hikes, demonetization, small businesses have taken one hit after...

The Kashmir Valley has achieved remarkable revenue generation of Rs 300 crores from this year's garlic production, with an increase in prices compared to previous years, official data reveals. According to the data accessed by the news agency—Kashmir News Observer (KNO), the 2023-2024 fiscal year saw the production of 67,500 metric tons of garlic, covering 4,500 hectares of land. Out of the total production, 30,000 metric tons of garlic have been exported outside the Union Territory of Jammu and Kashmir, which has resulted in a revenue of Rs 300 crores. According to the data, the total garlic production for the fiscal year is expected to reach 70,000 metric tons. The average sale price of garlic this year has been Rs 100 per kilogram, higher than in previous years. This has furthe...

The Jammu Kashmir admin has formed district level committees to be headed by the concerned deputy commissioners for identification of land to establish 5-star hotels in the region. As per the order issued by the General Administration Department (GAD), number—1116-J&KGAD, dated May 30, 2024, sanction is hereby accorded to the constitution of district level committee (s) for identification of land for establishment of 5-Star hotels in the Union Territory. The panel (s), as per the order, will have concerned deputy commissioners as its chairman with concerned Director Tourism, DFO, Chief Town Planner, Chief Executive Officer and General Manager District Industries Centre as its members. “The terms of reference of the committee (s) will be to identify suitable land for establishm...

Owners of tea stalls at Doodhpathri tourist resort of central Kashmir’s Budgam district have been asked to vacate the spaces they have been occupying within 10 days. Several tea stalls have come up along the roadside at Doodhpatri ‘illegally’. The owners of these tea stalls have even erected tents and shades without seeking permission from the concerned department. An official from the Forest Department told the news agency Kashmir News Trust that a team from the Forest Protection Force visited Doodhpathri and warned the owners of these tea stalls of action in case they don’t vacate the space. He said that the Forest Department received several complaints wherein it was alleged that the owners of these illegal tea stalls not only cut the tree branches but also disfigure the beauty...

The Medical Department team took action against an unregistered hair transplant clinic and directed it not to operate after a customer alleged that he was cheated and his hair transplant surgery was conducted by inexperienced doctors as a result he developed health complications. The clinic in question is “Foliage Hair Expert Clinic” located in the uptown area of Jawahar Nagar Srinagar. The action was taken by the Chief Medical Officer Srinagar after the aggrieved customer filed an online complaint on LG’s Grievance Portal. Shortly after receiving the complaint, the Clinical Establishment Section CMO office in Srinagar as per the news agency Kashmir News Trust reported that the proprietor of the “Foliage Hair Expert Clinic” has been running his clinic without any intimation to the of...