
400, Mostly Non-Local Companies Propose to Establish Business Units in Jammu and Kashmir
The proposals for new investments in Jammu Kashmir have triggered panic among local industrialists and business units. Industrialists in Kashmir valley who have set-up their units on smaller investments fear that their business will eventually die as bigger fish are ready to swim in the market.
Syed Tufail, who owns a glass manufacturing unit in Lassipora Pulwama is one of the many industrialists who see that his business, which provided employment to hundreds of locals is soon going to be extinct.
“It is capital that matters in business more than anything. I have invested around 2 crores in my industry. When someone comes with 2000 crore investment, it would become almost impossible for me to survive the competition,” Tufail told The Kashmiriyat.
Several youngsters of Kashmir pro...
