Srinagar's iconic Lal Chowk market witnesses dip in business, traders rue

Srinagar, Dec 31: Traders in Lal Chowk, the bustling heart of Srinagar's commerce, are sounding the alarm as they face an array of pressing challenges that threaten their livelihoods and the vibrancy of this iconic market.

With the year 2024 coming to an end, local business owners stress the urgent need for government intervention to address the myriad issues crippling their operations.

From traffic woes to less demand, traders are facing plethora of problems which they want to be addressed by the new Omar Abdullah led government on priority.

Foot traffic in Lal Chowk has dwindled sharply, primarily due to the diversion of public transport routes, which has led to a significant decline in customer numbers and, consequently, sales. "With buses and minibuses rerouted away from the area, we’re seeing fewer shoppers, which has hit our business badly, not only has hit the business but also lead to job losses," lamented Farhan Kitab

"Traffic congestion exacerbates the problem, as frequent diversions and poor management make it challenging for potential customers to visit the market. "

Traders have called for a reevaluation of traffic plans to facilitate easier access to Lal Chowk without further hindering customer flow.

In addition to these accessibility issues, rising trade taxes imposed without consultation have imposed a crippling financial strain on local businesses. Many traders reported tax hikes from ₹1,200 to ₹7,000, further escalating their operational challenges.

Further complicating the situation, delays in renewing lease and rent agreements are creating uncertainty for shop owners. Many find themselves in limbo, unable to plan for the future amid growing discontent over both economic conditions and government policies.

Parking infrastructure remains a critical issue, with a lack of adequate roadside slots discouraging potential customers. "If shoppers can’t park nearby, they simply won’t come," noted Kitab, stressing that more parking options are essential for attracting foot traffic.

The traders are also calling for urgent repairs to broken streetlights and public amenities to improve safety and visibility in the area. Poorly maintained zebra crossings have added to the hazards faced by pedestrians, dissuading them from navigating the market.

Concerns about the lack of beautification efforts have surfaced as well. Many traders believe that aesthetic upgrades, such as planting greenery and improving public spaces, could elevate the appeal of Lal Chowk and draw more visitors.

Moreover, the historical significance of Lal Chowk has not gone unnoticed. Traders are pushing for greater recognition and preservation of the area's cultural heritage, which they believe is integral to its identity.

With delivery vehicle access restricted, logistical challenges have compounded the woes of local businesses, hampering timely restocking and supply chain efficiency.

It is pertinent to mention that last week, 17 market associations from Lal Chowk and its adjoining areas met Chief Minister Omar Abdullah seeking redressal of these grievances, which they say are hampering their business operations.