In the Indian union territory of Jammu and Kashmir (J&K), Industrial Association Kashmir held an oath ceremony to welcome a newly formed body headed by Imran Murtaza and senior vice President Zahoor Ahmad Malik of Agrino Snacking.
During the event, the speakers stressed upon entrepreneurship and the scope of the manufacturing sector in Kashmir. Also, the speakers applauded the role of J&K Bank regarding the industrial sector in the estate.
Industrial estate Khanmoh produces a great variety of products like POP, bakery, cement products, milk, and furniture, mainly for the consumption of the local market.
Dignitaries who were present at the function included MD SIDCO, Agha Aijaz Hussain; J&K Bank zonal officer, Rais Maqbool; FCIK president, Shahid Kamili; Sheikh Ashiq, President KCCI; and Mohd Ashraf Mir, ex-President FCIK and Khanmoh Welfare Association.
“Business can rise and fall in the conflict zone like Kashmir, therefore it is necessary that a realistic and humane view is adopted towards the business fraternity,” President Imran Murtaza said.
While addressing the Quorum, Imran said industries are in dire need of dry port and marketing intervention package. “In times of information era, technology infrastructure up-gradation in all estate is important, which is not at par with the rest of the states in India.”
Mir Saqib an industrialist from Khanmoh said credit line for industries should come under a different scheme than trading.
“We have cash flow cycle different from general trading and the same should be done while granting a line of credit to industries,” he said.