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Carpet looms in Jammu & Kashmir to be modernized
17
Mar '08
As an entirely new initiative to promote trade in Jammu & Kashmir, the Chief Minister, Ghulam Nabi Azad and the Union Minister of State for Commerce, Jairam Ramesh, laid the foundation stone of the Rs. 115.84 crores International Trade Centre (ITC) here.

To be completed in two years, the ITC would be the first of its kind in J&K with the state of the art exhibition halls, facilitating international exhibitions in the Valley during summer, a period when extreme hot weather conditions did not permit holding of such exhibitions in Delhi and other parts of the country. It would be spread over on a vast area of 371 kanals of land.

The foundation laying function was attended by Minister for Industries, Nawang Rigzin Jora, Economic Advisor to J&K Government, Dr. Haseeb Drabu, MLA, Zahoor Ahmad Mir, Secretary Industries, Dr. Pawan Kotwal, Director Handicrafts, Rafiq Ahmad Qadri, senior officers, industrialists, artisans and a large number of people.

The project would be completed in two phases, the first to be of the order of Rs. 48.59 crores. The central government, as a special case, has agreed to fund the project to the extent of Rs. 30 crore initially.

Viewed as a significant step taken by the State government in tandem with the union ministry of commerce, the ITC would provide opportunity to all kinds of businessmen and a vast force of 3.5 lakh artisans of the State to promote their trade by serving as the venue for national and international exhibitions to sell their products without intermediaries. The ITC would also hold buyer-seller meets and apart from handicrafts, promote handlooms, horticulture and tourism.

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