Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Biz community hopeful of cashing in on Srinagar’s new-look city centre
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Anchor > Biz community hopeful of cashing in on Srinagar’s new-look city centre
Anchor

Biz community hopeful of cashing in on Srinagar’s new-look city centre

Farzana Syed
Last updated: August 29, 2023 12:48 am
Farzana Syed
Published: August 29, 2023
Share
4 Min Read
SHARE
The recent facelift to Srinagar’s central business hub, Lal Chowk, under the Smart City Project has infused a new hope among the business fraternity, who are hoping that cash registers will start ringing once again.
The influx of tourists and local holidaymakers to the refurbished markets of Lal Chowk and Polo View is pivotal for the city centre, which has witnessed a decline in sales due to a host of reasons during the last few years.
Trade leaders say the iconic city centre has in the past been badly hit as more people opted e-commerce instead of visiting the high-street markets. They say in the past, logistical constraints, such as lack of parking spaces, was also a hurdle in attracting shoppers. The traders though are optimistic that Lal Chowk and nearby markets are set to regain their significance of being the most sought-after shopping destination in the Valley.
Kashmir Economic Alliance president, Mohammad Yaseen Khan said that the business community expects a major boost in the trade following the beautification and renovation of the city undertaken by the administration.
“Business in Kashmir witnessed a major slump in the past many years. Our markets are recovering. The work under the smart city will no doubt benefit the markets. The renovation will be a turning point for the whole area and the business community hopefully in coming days,” said Khan.
He said, “Be it Polo View market or Lal Chowk clock tower, these have become attractive points for commoners, locals, and tourists. The present day city centre is an attraction for tourism which indeed is related to the business domain. Clock tower has become a landmark and a selfie point where you see people in large numbers coming and spending time”.
The president of Kashmir Chamber of Commerce and Industries , Javed Ahmad Tenga expressed hope to see a surge in business after the completion of the projects under smart city.
“Since all the projects have not been completed yet, so there is not much increase in the business. Once all construction and renovation gets the final touches, we can expect a boost in trade-related activities. We hope that the work is completed on fast-track bases. It will be a good attraction for locals and tourists which is directly proportional to the business in this area,” Tenga said. However, Tenga said the administration needs to complete these projects on a fast-track basis.
Shopkeepers in the area say following the beautification of the city, the central hub Lal Chowk has been attracting people from all walks while they were expecting a flip to their business in near future.
“At present a lot of construction work is still going on. Though Lal Chowk has become an attraction for the past few months, there is an expectation that the complete revamping of this place will act as a catalyst to attract more shoppers,” says Muhammad Ibraheem, who runs a clothing store on the Residency Road.
 
 
MLA SPEAKS: Shamima Firdous sets vision to make Habbakadal a tourism hub, revives heritage
MLASPEAK:Committed to tackling Beerwah’s unemployment problems: Dr Mohammad Shafi
Kupwara women transforming threads into symbols of patriotism
Your search for a perfect job only a click away
In line of fire: Students near LoC learn to survive amid growing tensions

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Sarore Toll Plaza to be shifted
Next Article Property of two Pak-based terrorists attached in Doda
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

India’s Purple Revolution to take centre stage at Bhaderwah festival
Jammu
May 30, 2025
Minister Javaid Dar launches ‘Viksit Krishi Sankalp Abhiyan’ at SKUAST-K
Kashmir
May 30, 2025
SMC Comm reviews preparations for Mela Kheer Bhawani, Eid-ul-Adha
Kashmir
May 30, 2025
Tourism revival in J&K: Bollywood actress Huma Qureshi interacts with CTTIK delegation, vows support
Jammu
May 30, 2025

Recent Posts

  • India’s Purple Revolution to take centre stage at Bhaderwah festival
  • Minister Javaid Dar launches ‘Viksit Krishi Sankalp Abhiyan’ at SKUAST-K
  • SMC Comm reviews preparations for Mela Kheer Bhawani, Eid-ul-Adha
  • Tourism revival in J&K: Bollywood actress Huma Qureshi interacts with CTTIK delegation, vows support
  • Civil Defence organises awareness camp at GCW Gandhi Nagar

Recent Comments

  1. BASHIR AHMAD BHAT on Poor hotel accommodation, lack of medical facilities irk Kashmiri pilgrims in Saudi Arabia, video goes viral
  2. sree vishnu movies on Pahalgam attack shatters Kashmir’s film tourism revival
  3. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  4. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  5. dr gora on Women Veterinarians and the Goal of Viksit Bharat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?