Latest news with #ParmodKumar
Time of India
13-05-2025
- Business
- Time of India
Ceasefire violation by Pakistan shakes investor confidence in Punjab
AMRITSAR: The ongoing tensions and fragile ceasefire along the India-Pakistan border in , especially after , have chilled Non Resident Indians (NRI) investment in Punjab, particularly in border districts like Amritsar and Gurdaspur, Pathankot and Tarn Taran . Tired of too many ads? go ad free now Fearing instability, NRIs are shelving plans for ventures like hotels and real estate, with many exploring safer options abroad. Rattled by the uncertainty , the local industrialists are also hedging their bets, planning alternate manufacturing units and residences outside Punjab which could severely damage the Punjab's economic prospects and threatens a long term growth in the region. Many NRIs, who once saw the state as a promising destination for business ventures, are rethinking their plans. Take, for instance, Rajwinder Singh , an NRI from Switzerland who had been planning to invest in a boutique hotel in Amritsar's bustling heritage district. 'I was ready to move forward but with the ceasefire and the uncertainty it brings, I'm holding off ', said he His concerns echo those of others who fear that the fragile peace could unravel, reigniting tensions and disrupt business operations. For some, the ceasefire has even prompted a reevaluation of long-term plans. Germany based NRI Parmod Kumar informed that they are now exploring opportunities in other countries .'If conflict flares up again, it could destabilize everything', he said . The trend is not limited to NRI's alone Harjit Singh, who makes sewing machine spare parts in Amritsar said 'I can't risk my capital when drones are flying over Punjab,' Instead, he said he will begin exploring opportunities in Dubai, where investor-friendly policies and political stability are more appealing. Tired of too many ads? go ad free now Local industrialists are also planning to diversify their assets. Some are contemplating on establishing secondary manufacturing units in safer states away from Punjab, while others are mulling over purchasing properties abroad. Agreeing with the new trend, Rajwinder said he has been getting several queries from his relatives and friends from Punjab , He clarified 'It's not about abandoning Punjab . It's about survival. If war breaks out, our factories could be collateral damage. A second home or business abroad is insurance".
Time of India
26-04-2025
- Politics
- Time of India
Amritsar-born German politician is all out to help the visitors to India from Germany
AMRITSAR: In the wake of growing concerns among both German nationals and Indian immigrants regarding travel to Jammu and Kashmir (J&K), following recent punitive actions by the Indian government, Amritsar-born German politician Parmod Kumar has taken a proactive step to support the community. While condemning the Pahalgam incident in the strongest possible terms, he said that such acts of violence are not only deeply inhumane but also an assault on the values of peace, harmony, and coexistence. Recognising the apprehension among prospective travellers, he said he established a dedicated help desk in Hamburg to assist people in navigating the uncertainty. 'My initiative aims to dispel fear and provide practical assistance to those reconsidering their travel plans to the region,' said Parmod, a member of the Christian Democratic Union (CDU) party and an Abgeordneter from Hamburg-Bergedorf. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Leveraging his strong local network, Parmod said he is helping visitors reschedule their trips or redirect their travel plans to alternative destinations such as Himachal Pradesh, Uttarakhand, and other popular and safer tourist locations. Parmod, who hails from Amritsar, said this move was widely appreciated by those who had detailed plans to travel to India , especially Srinagar, as he was not only offering emotional reassurance but also logistical support during a period of heightened tension. Meanwhile, the farmers here continue to cross the Blborder fence to till their fields. Rattan Singh Randhawa, a leader of the Border Area Sangarsh Committee, said that a delegation from the committee is touring several border villages to assess the ground situation and determine whether farmers with cultivable land beyond the border fence were facing any difficulties. 'The BSF is currently allowing paddy harvesters to cross the border gates and work in their fields,' he said. Some farmers, who chose to remain anonymous, said that they were cautioned by the BSF to remain vigilant. 'We understand—after all, it's for our own safety,' one farmer remarked. Makhan Singh, an elderly farmer, emphasised that they do not want the BSF to restrict their access to fields located across the fence. 'If farmers are stopped from going to their fields across the border fence, it sends a message that we are afraid of Pakistan,' he opined.
