Sunday, June 26, 2011

SRINAGAR: Once struggling for survival following the eruption of militancy, the industries sector in Jammu and Kashmir is slowly shown signs of recovery, with most public sector undertakings registering profits for the first time in two decades.

State Road Transport Corporation (SRTC), Jammu and Kashmir Minerals Limited and the handicrafts sector, which were perennial loss-makers, registered profits for the first time last fiscal, according to government data.

The exports of handicrafts from Jammu and Kashmir touched an all-time high of Rs 1,004 crore during the last fiscal, marking an increase of more than Rs 340 crore compared to the previous year.
"The state's handicrafts export touched an all-time high of Rs 1,004 crore ending March, 2011, as compared to Rs 661.24 crore during the previous fiscal," Minister for Industries and Commerce S S Slathia said.