Background of the J & K State
J & K has an area of 2, 22,236sq km. It is the 6th largest state of the country located between 32.17 degree and 36.58 degree north latitude and 37.26 degree and 80.30 degree east longitude in northern most part of India. The state shares its boundary with Pakistan, Afghanistan and China from West to East and with Punjab and Himachal Pradesh in the south.
The summer capital of the state is Srinagar (May to October) and winter capital is Jammu (November to April). It comprises of 14 districts, 59 tehsils, 119 blocks, three municipalities, 54 towns and notified area committees. The state has three divisions viz., Jammu, Vale of Kashmir and Ladakh.
The state has four geographical zones viz., sub-mountain and semi-mountain plain and dry belt, the Shivalik ranges, the high mountain zone comprising the Vale of Kashmir (Kashmir Valley), Pir Panchal range, and middle run of Indus River comprising Leh and Kargil
The state of Kashmir has three distinct climatic regions viz., Arctic cold desert areas of Ladakh, temperate Kashmir valley and sub-tropical region of Jammu. Altitude varies widely between 1,000ft and 28,250ft above the sea-level in the state.
The climate of Jammu and Kashmir varies greatly owing to its rugged topography. In the south parts of the state, the climate is typically monsoonal. The annual rainfall varies from region to region with 92.6mm in Leh to 650.5mm in Srinagar to 1,116mm in Jammu. In summer, Jammu city is very hot and can reach up to 43°C whilst in July and August, very heavy and erratic rainfall occurs with monthly extremes of up to 650mm.
During October, conditions are hot and extremely dry, with minimal rainfall and temperatures around 29°C. Srinagar receives as much as 635mm of rain with the wettest months being March to May with around 85mm per month. The climate of Ladakh and Zanskar is extremely dry and cold. Annual precipitation is only around 100mm (4 inches) per year and humidity is very low.
Agri & Agro-based industry
The state produced 562 thousand tonnes of rice in 2008-09, 495.9 thousand tonnes of wheat and 844.734 thousand tonnes of paddy during 2008-09. However, the state is a leader in the production of apples, which constitutes 57% of the countries total production at 13.5 metric tonnes per annum. It is the 6th largest producer of walnut in the world and stands first in the country in the production of walnut, accounting for 92% of the production at 126,000 metric tonnes. The state produces 12 thousand tonnes of pears, 1200 tonnes of almond, 12 thousand tonnes of apricots, 10,607 metric tonnes of cherries in 2007-08 and 6.5 metric tonnes of saffron in 2008-09 from 15 metric tonnes every year.
The state, being the leader in the production of apples, walnut, walnut kernels, bitter apricot nuts, pears, almond, plum, cherries and saffron, has enormous potential for food processing and agro-based industries (excluding conventional grinding/extraction units). These include sauces, ketchups, fruit juices and pulp, jams, jellies, vegetable juices, puree, pickles, fruit waxing, packaging, grading, fruit juice concentrate, fruit beverages and honey. This industry also has very high export potential.
Kashmir valley is described as a paradise on earth. Major tourist places include Chashma Shahi springs, Shalimar Bagh and Dal Lake in Srinagar; Gulmarg, Pahalgam and Sonamarg in the Valley; various ancient temple, Buddhist rites, scenic beauty in Ladakh; and Vaishno Devi temple in and Panitop near Jammu. Kud, Patnitop, Sansar, Batote, Mantalai, Mansar Lake, Sruinsar Lake and Jhajjar Kotli are various resorts and Jhajjar Kotli, Akhnoor, Mubarak Mandi Palace and Amar Mahal are the other historic places, and tourist and picnic spots in the state. With its clean and pleasant environment, dense forest cover and rare species of flora and fauna, the state offers excellent potential for eco-tourism and cultural tourism. The city of Srinagar is also famous for its house boats. Tourists often visit the state to get rid of the hot summers prevailing in the different parts of the country.
The Govt. of Jammu & Kashmir has been developing various tourist attractions such as Golf, water skiing, tobogganing, sledge-riding, etc. besides upgrading tourist infrastructure.
Handlooms & handicrafts
Handicrafts, the traditional industry of the state, is receiving top priority by the state government in view of employment potential and demand for wood carving, paper-machine, carpets, shawls and embroidery. Kashmiri silk carpets are famous world over and earn a substantial foreign exchange. Handloom Development Corporation produces woollen items like export tweed, blazers, blankets, shawls, dhussas and kani shawls. Wood from Kashmir, popularly known as Kashmir Willow, is also used to make high-quality cricket bats. The state has established Jammu & Kashmir Handicrafts Sales & Export Promotion Corporation and J&K State Handloom Development Corporation to promote development and growth of the Handicraft sector in the State.
Jammu and Kashmir has a vast mineral base. Limestone, gypsum, bauxite, marble, magnesite, dolomite, lignite, quartzite and coal are some the minerals found in the state. The state is also known to possess large deposits of Sapphire
Some of the areas which have good investment potential are information technology, electronics and precision engineering, hydel power, food processing, handloom and handicrafts, sericulture and silk industry, textiles and readymade garments, agro-based industry, livestock-based industry, leather and leather goods, sports goods industry, processing of gems and precious stones, and selective mining projects and mineral-based industry.
The state has 823km of national highways, 688km of state highways, 7,671km of major district roads and 3,372 village roads (as on Feb 2002). The state ranks 19th in terms of urban road length at 1,175km which is 0.47% of the total road network of India as of March 2002. The total road length was estimated at 15,012km during 2009.
The state ranks 21st in the country in terms of railway network with 239 route km of railways, as of March 2009, passing through Udhampur, Jammu Tawi and Khatua, Anantnag, Mazhom & Baramulla. Recently, the Prime Minister inaugrated 120km of railway track between Quazigund to Baramulla. Vast portions of the state are inaccessible by railways due to inhospitable terrain.
Srinagar airport is a major international air port in the state; Jammu and Leh being other domestic airports.
Key Initiatives / Information
Lessons leant from the many past family disputes, is leading to many family businesses structure their personal and business assets in a manner which helps in better succession planning minimizing future disputes whilst creating enough opportunities to grow, raise money and create value. Questions are many, should the businesses be held through a trust, company, partnership firm, LLPS. Where should these entities be registered, where should the group IPs and brands be housed- in operating companies or separate companies, what should be the ideal structure - should we have holding companies, trading companies or IPR companies, should these companies be bucketed together or separately and many more strategic issues. Further, the recently introduced LLP provisions and the recent amendment to the FDI norms permitting foreign investment in LLPS provides a opportunity worth exploring for doing businesses through LLPS ring fencing liability whilst better planning taxes. Without doubt, setting up a completely new set up for family businesses or LLPS is relatively easy, transitioning an existing structure into a desired structure/ LLPs has a plethora of tax, commercial and regulatory consideration. This session will explore the possible structuring opportunities and the key challenges to be addressed in this exciting area.
It was almost an year back, that Leh witnessed massive destruction, triggered by the cloud burst on the intervening night of August 5 and 6, 2010.
76th CII Northern Region Business Outlook Survey is a quarterly study conducted to gauge the sentiment in the economy. Earlier, the survey was conducted bi-annually, but from the 74th Survey onwards the study is conducted on a quarterly basis in order to get a more frequent indicator of business sentiment. The current survey gives an outlook on business sentiments for the first quarter of 2011-12 as compared to the last quarter of 2010-11.
On 6 August 2010, the LEH CLOUDBURST brought about vast devastation. Hundreds of lives were lost, swept away and buried in mud, over 1300 houses destroyed; More than 40 percent farmland rendered infertile putting thousands of survivors in relief camps.
CII responded by immediately swinging into action. Obstacles were slashed to permit purchases of emergency supplies and equipment, and mobilisation of other resources with minimum delay.
Co-operative arrangements between government and private organisations were made to coordinate the delivery of relief supplies. With its prior experience in relief efforts at various places, CII formulated a 3-pronged strategy to support Leh in this hour of crisis.
CII News Update
Confederation of Indian Industry (CII) Kashmir Chapter today organized an international conference on Post Harvest Management of Apples at Islamic University of Science & Technology (IUST) with an aim to accessing International best practices to minimize post harvest wastages and maximize produ.....
Yi Srinagar Chapter in association with J&K Health Department, Kashmir organized a special program on the eve of World Health Day at Conference hall, J&K Health Dept Kashmir. The idea of organizing the program on World Health Day was to highlight the efforts required to put Health as a top priority.....
CII Kashmir Zone organized its Annual Session for the year 2012 – 13 on 13th April 2013 in Srinagar. Mr Asif Burza,Vice Chairman J&K State Council and Director Sentor Inns Pvt Ltd Pvt Ltd. welcomed all the members and guests at the session and presented the activities done by CII Kashmir Zone in .....
CII J&K State council organized its Annual Session for the year 2012 – 13 on 18th March 2013 in Jammu. Mr Waseem Trumboo, Chairman CII J&K State Council and Director Trumboo Industries Pvt Ltd. welcomed all the members and guests at the session and presented the activities done by CII J&K State Cou.....
CII J & K State Council organized an interaction to discuss the Millennium Development Goals. The Meeting was chaired by Mr Sanjay Puri , Past Chairman CII J& K State Council and Managing Director PBI India Ltd.
CII J&K State Council in association with Bombay Stock Exchange (BSE) today jointly organized an “Awareness Session on Investing in Stock Market” in The Management School, Kathua Campus, The Session was conducted by Mr Harbinder Singh Sokhi, Regional Manager, Investor Protection Fund (IPF) Bombay S.....
The CII business delegation from Jammu and Kashmir, led by Mr.Waseem Trumboo, Director Trumboo Industries Pvt Ltd, visited the popular ski destination of Aspen, Colorado on their third day in the United States.
The former Mayor of Aspen (2001-2007), Hon. Helen Kalin Klanderud, welcomed the .....
Mr Surya Kant Sharma, Assistant General Manager Securities and Exchange Board of India (SEBI) was Chief Guest at the session. Mr Sharma while giving the inaugural address said that The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of th.....
Industries should provide environmentally sustainable water management strategies and wastewater treatment, options to reduce the cost of compliance, comply with corporate social/environmental goals, and provide or recover value for their businesses. Water used in Indian industry is very high due t.....
A five member CII J&K State delegation led by Mr. Waseem Trumboo, Chairman CII J&K State Council met with Dr. M Veerappa Moily, Union Minister for Power and Corporate Affairs in his office at Shashtri Bhawan, New Delhi. Mr Waseem Trumboo thanked the Hon’ble Minister for sparing his valuable time f.....
CII Awards & Recognitions
The workskills competition is conducted at the Regional level first, followed by the National Competitions, to encourage workers in the industry by recognising excellence in skill through organised competitions in select trades.
The QC Circle Competition, an annual feature since 1986, is the culmination of the State, Regional and National conventions that take place throughout the year as part of CII’s continuous efforts to strengthen the Quality movement in India.
SIX SIGMA has proven across the world and over the wide spectrum of Industries, the power of changing “Business of Quality” to “Quality of Business” by integrating business and quality strategies.