JK Bank renovates, opens Pahalgam amusement park

JK Bank renovates, opens Pahalgam amusement park

SRINAGAR: J&K Bank on Thursday dedicated the Amusement and Hikers’ Park at Pahalgam to public.
In a release issued here, the bank said the Minister for Horticulture, Haj and Auqaf, Abdul Rehamn Veeri, inaugurated the park in presence of bank’s Chariman and CEO, Mushtaq Ahmad, and Secretary Tourism, Farooq Ahmad Shah.
The bank’s Executive President Parvez Ahmad, President M Syed Wani, CEO Pahalgam Development Authority Riyaz Ahmad Wani, and SDM Nissar Ahmad Nissar were also present on the occasion, it said.
Thanking the bank for dedicating the park to public, Veeri said, “We are very thankful to the bank for renovating this park and making it an ideal place for visitors and locals to socialise and be entertained. It assumes more significance as we expect a bumper tourism year in 2016.”
“J&K Bank is the flagship company of this state and it has, because of its remarkable performance, earned name for itself and repute for the state within and outside only,” he said.
The minister said the bank has been at the forefront in taking up the projects of social and cultural relevance, helping in promotion of tourism in the state.
“All the credit goes to the bank’s leadership and its staff”, he said.
Earlier, Chairman and CEO, Mushtaq Ahmad, reiterated the bank’s commitment to play major role in every activity within the purview CSR, which is aimed at social, economic, and cultural welfare of the people of the state.
“We have already revived and restored to glory many places of eco-cultural significance like Badamvaer in Srinagar. It is in this context that I feel delighted to share with you that the state government has recently allotted us 22 more kanals of land for further expansion of this park,” he said.
“Coming from our major shareholder, for us, it is an acknowledgement of the spirit, that fuels all our endeavours aimed at the socio-economic welfare of the people of this state, who have supported us throughout our journey of ups and downs for more than 76 years now”, he added.
The Pahalgam Amusement Park was initially developed by the bank with expenditure of around Rs 3.25 crore and dedicated to the public in 2005. But it was closed to public due to some “unavoidable circumstances”, the bank said.
Now, the park, sprawling over 42 kanals of prized land in Pahalgam, has been renovated further with a cost of more than Rs 3 crore, it said.
The bank said it added more than a dozen attractions to the park in the form of state-of-the-art rides, which give it a major facelift within that typical Pahalgam bustle.
On the first day, free ride was offered to the students of some local schools of the area.