Snowfall caused Rs 500 crore loss to Kashmir fruit industry: KCCI

Snowfall caused Rs 500 crore loss to Kashmir fruit industry: KCCI
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Srinagar: The Kashmir Chamber of Commerce and Industry today estimated loss to the fruit industry in the Valley due to the snowfall to the tune of Rs 500 crores.

In a statement issued here this afternoon, a KCCI spokesperson expressed anguish at the damage to our crops, fruits and trees throughout Kashmir Valley due to the  snowfall.

“Preliminary reports received from various fruit Associations including Anantnag suggest that losses upwards of Rs. 500 crores have been incurred and irreparable damage caused to trees, plantations and orchards,” the spokesman said.

He urged people to stand behind the affected traders and growers and extend support in whatever manner possible.

“The avoidable delay in implementation of Crop Insurance Schemes has ensured that our farmers and orchardists are deprived of any sort of insurance cover which could have proved to be of critical importance at this juncture,” the spokesman said.

He said that the KCCI has been demanding laying of underground cables for power transmission since years now.

“This would have saved crores in T&D Losses and would have ensured hassle free power supply in the winter months, but the Power Development Department instead chose to waste thousands of crores in laying of covered cables on transmission poles. The results are out and it’s time that some accountability was sought,” the spokesperson added.