Kashmir aims for economic diversification with focus on entrepreneurship and infrastructure development

Kashmir’s business leaders are advocating for broader economic growth through investment, infrastructure, and market access, aiming to diversify beyond traditional sectors and foster new enterprises, according to Tariq Ghani of the Chamber of Commerce and Industry Kashmir.

Kashmir’s business leaders are pressing for a broader economic base, arguing that the region needs stronger investment, better infrastructure and wider market access if local enterprise is to grow beyond its traditional pillars, according to a conversation with Tariq Ghani, president of the Chamber of Commerce and Industry Kashmir, published by Brighter Kashmir.

Ghani said the economy still depends heavily on tourism, handicrafts, horticulture and trade, but added that there is room for more diversification into new kinds of industry and services. He said businesses in the region need a more predictable environment, with reliable power, transport links, digital connectivity and industrial facilities that can lower costs and help firms compete beyond Kashmir.

The chamber’s focus on entrepreneurship was echoed at its annual general meeting in Srinagar, where KNS Kashmir reported that Ghani was elected president and Mushtaq Ahmad Chaya was named patron. The meeting brought together business leaders, hoteliers, traders and handicraft representatives, alongside officials from the handicrafts, labour, tourism and industries departments. Several young entrepreneurs were also honoured, and Ghani said the chamber would support self-employment and new business ventures.

That emphasis on younger firms and wider opportunity reflects a broader challenge for Kashmir’s economy: translating local talent and natural strengths into sustainable jobs. Ghani said better access to finance, skills, mentoring and markets could help turn startup interest into viable enterprises, while stronger branding, packaging and export links could give local products a bigger reach across India and overseas. He also called for closer coordination between government and the private sector, saying regular dialogue would help ease bottlenecks and shape policies that better serve traders, manufacturers and investors.

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