So it is the Oil…
An Italian delegation led by Jonathan Craig, vice president of Exploration Opportunities Division of one of the largest international oil companies, Eni Milan, is in IHK to explore the prospects of hydrocarbons in the state.
Craig, who has made several field visits to IHK earlier, believes that the Karewa formation of Kashmir — spread northwest of the Himalaya, from Pirpanchal range in Kashmir to Zanskar region in Ladakh — has characteristics similar to the rocks of hydrocarbon in Oman, North Africa and Pakistan. Daily Times
It is said, a saying which has almost taken the shape of a folk-lore, that a long time ago a French (or was it German?) company once offered India to construct the National Highway from Jammu to Srinagar, making it motorable all through the year and shortening the distance greatly at an impossible amazing low cost, there only pre-condition was that whatever their spades and hammers strike on will be theirs for good. India never agreed.