New Land Law: Economic sector across JK would come to grinding halt, say hoteliers

Srinagar, Dec 21: Jammu Kashmir Hoteliers Club (JKHC), Chamber Of Commerce Industry Kashmir (CCIK) Wednesday said that with the implementation of new land laws, the business and economic sector across Jammu and Kashmir would come to a grinding halt and appealed the Lieutenant Governor, Manoj Sinha to consider the order’s more extensive implications.
As per a statement issued, JKHC said, “We J&K stakeholders (lessees) respectfully request the Lieutenant Governor J&K to kindly intervene in the recent order of lease expiry of leased properties and pass the instructions immediately to the concerned authorities to take on board all the concerned lease based property holders to carry out negotiations with them in the matter and to explore viable options in the interest of economy as otherwise the business and economic sector across the J&K would come to a grinding halt.”
“Many small, medium, and large-scale business owners, shopkeepers, and other commercial institutions throughout J&K will suffer severe consequences if this direction is put into action. We request to the Lieutenant Governor to kindly consider this order’s more extensive implications,” it said.
“We, the J&K stakeholders, have high hopes and expectations from the Lieutenant Governor Manoj Sinha. We are confident that justice will be served to all J&K stakeholders as it is need of hour. Otherwise, the Jammu and Kashmir UT will be more economy sufferer. Hence we all the stockholders are son of soil please look into this matter as humanity and personally,” the statement said.