Jammu traders concerned over Valley unrest
Jammu, Aug 4: The traders in Jammu are a worried lot as they apprehend that the losses incurred by them over a month of unrest in Valley could run in crores and it would take several months to recover these losses.
Sources said that while the prevailing turmoil has brought everything to a standstill in Valley, its fall out on trade in Jammu was colossal, which the Chamber of Commerce and Industry Jammu (CCIJ) and other trade bodies are yet to calculate.
Though Jammu is quite peaceful, but most of the Jammu traders are worried as 80 percent of their business dealings are with the traders of Kashmir and vice-versa.
“Traders in both the region have suffered similar losses. So far we have not calculated it for it could run into crores,” said Satish Gupta, general secretary CCIJ.
“The strikes and unrest in Valley have direct impact on Jammu traders as the trade of both the regions is inter-linked,” Gupta claimed.
He said about 90 per cent supply to Kashmir has affected while no routine return to Jammu traders has been made since the start of disorder in the Valley.
President Association Chamber of Traders Federation (ACTF) Yash Pal Gupta said, “Traders of Jammu region has suffered huge losses due to prevailing unrest in Kashmir Valley. Trade in terms of supply to Kashmir has virtually come to complete halt during these days and they have received no return of the investment made by them.
Lastupdate on : Wed, 4 Aug 2010 21:30:00 Makkah time
Lastupdate on : Wed, 4 Aug 2010 18:30:00 GMT
Lastupdate on : Thu, 5 Aug 2010 00:00:00 IST
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