{"id":1532,"date":"2014-04-19T03:22:40","date_gmt":"2014-04-19T03:22:40","guid":{"rendered":"http:\/\/www.kashmir-today.net\/?p=1532"},"modified":"2014-04-19T03:22:40","modified_gmt":"2014-04-19T03:22:40","slug":"jk-loses-rs-500-cr-foreign-deal-courtesy-govt-indifference","status":"publish","type":"post","link":"https:\/\/kashmir.watch\/?p=1532","title":{"rendered":"JK loses Rs 500 cr foreign deal, courtesy govt indifference"},"content":{"rendered":"<p><strong>Oman-based ATTE Pvt Ltd was keen to invest in JK\u2019s marble, granite industry: Stakeholders<\/strong><\/p>\n<p><strong>Srinagar:<\/strong> Government\u2019s failure to revalidate lease for extraction of marble and granite in favour of private players, has cost the state a foreign deal worth Rs 500 crore.<\/p>\n<p>President, Chamber of Marble and Granite Industry, Abdul Majid Khan said that an Oman-based ATTE Private Limited, had in 2013 shown keen interest to invest in the granite and marble industry of Jammu and Kashmir.<br \/>\nThe company, according to Khan, had proposed to send a team of its engineers to the areas in the state where the granite and marble minerals are found.<br \/>\nKhan said after working out all the details and agreeing on all the nitty-gritty, the chamber had signed an MoU with the world renowned company for exploitation of these resources.<br \/>\n\u201cThe MOU envisaged technological collaborations between the local stakeholders and the company while requiring the latter to facilitate marketing of our products on international and national markets,\u201d he said, adding that the company had also agreed to train \u201cour manpower.\u201d<br \/>\n\u201cFollowing the signing of MOU, an expert team of the company headed by its CEO visited Kashmir and Ladakh. However, the team had to return disappointed after the government failed to renew the leases in our favour.\u201d<br \/>\n\u201cThe team was impressed by the quality of granite and marble available here,\u201d he said, adding that the Oman-based company had agreed to invest Rs 500 crore for developing mines using latest technologies.<br \/>\n\u201cBesides, they proposed to adopt few marble industries in the state and market their products in the Middle East countries,\u201d he said.<br \/>\nKhan said the MoU was grounded because of the reluctance of the state government to renew the lease.<br \/>\nHe said the chamber even approached Chief Minister Omar Abdullah with a plea for renewal of the leases. \u201cBut nothing happened. Neither did the CM act not any other minister came to our rescue,\u201d he alleged.<br \/>\nPresident, Federation Chamber of Industry Kashmir, Muhammad Ashraf told Greater Kashmir that marble and granite industry has been totally neglected by the state government.<br \/>\n\u201cIt is a labor-oriented sector which can help create thousands of jobs in Kashmir. But unfortunately the authorities seem least interested to develop the industrial sector in Kashmir. They only make hollow promises and issue rhetorical statements,\u201d Ashaf alleged.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oman-based ATTE Pvt Ltd was keen to invest in JK\u2019s marble, granite industry: Stakeholders Srinagar: Government\u2019s failure to revalidate lease for extraction of marble and granite in favour of private players, has cost the state a foreign deal worth Rs 500 crore. President, Chamber of Marble and Granite Industry, Abdul Majid Khan said that an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/1532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1532"}],"version-history":[{"count":0,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/1532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}