The loss due to agitation in the valley is estimated at Rs. 9,000 crores and in Jammu at Rs. 10,000 crores
Amarnath land row cost Kashmir valley over Rs 90 billion
Srinagar: Over two months of protests, curfews and shutdowns caused due to agitations in Kashmir triggered by the Amarnath land row issue cost Valley according to an estimate over 9,000 crores (Rs 90 billion). The worst hit sectors include tourism, fruit, hosiery, carpets, handicrafts, dry fruits, and forest-based herbal products.
In the last one-and-a-half months, exports fell by at least 80 percent because of the agitation, which has brought the movement of goods, particularly fruits, to a virtual halt.
A news agency quoted the president of the Federation of Chamber of Industries, Shaqeel Qalandar, as saying that the Kashmir valley loses Rs 150 crores per day which makes it 9,000 crores for the two months of agitation.
The local traders here are demanding that the Central government should pay for their losses.
According to a recent survey done by the Associated Chambers of Commerce and Industry of India (Assocham), Jammu and Kashmir, was poised to attract fresh investment volume of Rs 280 billion by 2012, including export orders of around Rs 130billion.
Earlier, in a communique released from Jammu it was stated that the agitation caused the Jammu suffer losses worth 9,980 crores (99.80 billions).
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