Srinagar, May 2 -- Srinagar- The ongoing crisis in West Asia and the disruption of supplies through the Strait of Hormuz have begun to severely impact industrial activity in Jammu and Kashmir, with over 350 units reporting sharp declines in production.
A large number of petrochemical-based units, along with industries linked to food processing and plastic manufacturing, have been hit due to their heavy dependence on raw materials and LPG supplies from Gulf countries. With supply chains disrupted for several weeks, production in many of these units has dropped to below 50 percent, Daily Excelsior reported.
Official sources said that industrial units reliant on imports from Gulf nations are now attempting to source raw materials from alte...
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