JAMMU, Jun 24: The Chamber of Commerce and Industry (CCI), Jammu, has welcomed the decision of the Jammu and Kashmir Union Territory Cabinet to approve the construction of two modern shopping malls, one each in Jammu and Srinagar, at an estimated cost of Rs 255 crore.
During a meeting of the office bearers of the Chamber, CCI President Arun Gupta described the decision as a significant step towards strengthening the commercial infrastructure of Jammu and Kashmir. He said the establishment of modern commercial complexes in both regions had been a long-pending demand of the Chamber and would create new business opportunities while enhancing the shopping experience for consumers.
Expressing gratitude to the Government, Arun Gupta appreciated its efforts in addressing the concerns and aspirations of the business community. He said the decision reflects the Government’s commitment to promoting economic growth and providing improved facilities for traders and entrepreneurs.
The CCI President also welcomed the Cabinet’s approval of the Rehabilitation Scheme for Nai Basti shopkeepers, terming it a major relief for the affected traders. He recalled that the issue had been consistently raised by the Chamber of Commerce and Industry and had received support from the late Davinder Singh Rana, former Corporator Pawan Singh, MLA Bahu Vikram Randhawa, and MLA R.S. Pura South Narinder Singh.
Arun Gupta expressed hope that the rehabilitation scheme would be implemented in a transparent and time-bound manner so that all eligible stakeholders receive the intended benefits without delay. He emphasized that the welfare of traders should remain a priority during the execution of the project.
The Chamber reiterated its full support to the Government for the successful implementation of both initiatives, stating that these projects would contribute significantly to trade, employment generation and overall economic development in Jammu and Kashmir.
Among those present in the meeting were Anil Gupta, Senior Vice President CCI; Rajeev Gupta, Junior Vice President CCI; Manish Gupta, Secretary General CCI; and Rajesh Gupta, Treasurer CCI.