Jammu: Concerned over the "retrenchment" of jobs, a local trade union has threatened to launch an
agitation against a deal of Hotel Corporation of India giving
one of its hotels in the Valley to a Mumbai-based private
Jammu and Kashmir Coordination Committee of Trade
Unions (JKCCTU) has demanded cancellation of a deal in which
Hotel Corporation of India (HCI) was giving its Centaur Lake
View Hotel in Srinagar to a Mumbai-based private company BD&P
"We warn HCI management that if the deal is not
stopped, the entire working class of Jammu and Kashmir will
launch agitation to oppose this fraudulent deal", state
president of JKCCTU Mohammad Maqbool told reporters here.
"It would lead towards retrenchment of jobs of
Kashmiri people by the new management" JKCCTU leader said.
He said the state government had offered the property
to HCI with a motive to encourage inflow of capital into J&K
and provide more job opportunities to permanent residents of
However without the consent of the state government,
the HCI made an agreement on October 15 with the Mumbai-based
company, giving it to a private party on a long-term
management contract along with manpower of about 350
employees, he said.