KCC&I express concern over transfer of HMT Factory land to police


Srinagar: The president of Kashmir Chamber of Commerce and Industries (KCC&I) today expressed concerns over the proposal of handing over the transfer of industrial land retrieved from HMT Watch Factory, Zainakot to the Police Department for housing colony.

In a statement issued here, the President, KCC&I Javid Ahmad Tenga has expressed resentment and said that it is unfortunate on part of the government.

He said that militarization of Kashmir particularly of the industrial areas gives encouragement to the forces working against the industrialization of the state more particularly of the valley.

“It may not be out of place to mention that the KCC&I had recommended that the chunk of land along with infrastructure created by erstwhile HMT for conversion into gem & Jewellery park”.

“This proposal is pending since 2007 wherein besides Gem & Jewellery park we had advocated for a Gem & Jewellery Institute for which the Ministry of Commerce, GOI had agreed that once the land is transferred to J&K Government the proposal will be considered by the government of India”.

The statement further added that in the year 2009 for the same land an alternate proposal for a Textile Park was advocated. He added that the said proposal is still pending with Government of J&K.

“We are at a loss with above-said textile park/ Gem & Jewellery in view the state government has chosen the land for Police Housing Colony instead of above parks,” the statement added.

He said that KCC&I support the Industrial Estate, Zainakot unitholders as well as FCIK in their demand of reversal of the state Government order.

“Our organisation will support any institution demanding of the recovery of the said land for the purpose of industrialization,” the statement added.


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