Srinagar- The Kashmir Chamber of Commerce and Industry (KCCI) on Wednesday welcomed the budget for 2023-24 for the Union Territory, saying the proposals will help raise the quality of life of citizens.

“The central assistance of Rs 35,581 crore for mitigation of natural disasters, to meet the expenditure incurred on account of permanent restoration of infrastructure damaged due to 2014 floods, rehabilitation, preservation and restoration of Dal and Nageen lakes providing funds for Wular Lake, besides Rs 50 crore for Tourism promotion, 475 crore for upgrading Tourism infrastructure, is welcome,” KCCI said a statement.

It said the provision of Rs 7,100 crore for Jal Shakti for providing 18 lakh households with tapped / piped water will help raise their quality of life.

However, the KCCI said the allocation of only Rs 200 crores for the existing industry is lower than expectations for addressing the problems faced by the industry.  (PTI)


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