Srinagar, June 30 -- By Faisal Kawoosa

Industrial revival in Jammu and Kashmir has long been treated as a banking exercise.

Loans turn bad, recovery proceedings begin, one-time settlement schemes appear, assets change hands and balance sheets improve.

Banks eventually close files, government departments count another intervention, and the economy gains very little.

That cycle explains why industrial sickness has remained a recurring feature instead of becoming a solvable problem in Kashmir.

Large numbers of micro, small and medium enterprises now fall under the category of "sick" units, although stakeholders cite different estimates.

Some place the figure close to 90 percent in one form or another.

Whatever the precise number, the ...