The adventure race 'Expedition India 2017' is being organised by Johannesburg-based adventure company Kinetic Events in collaboration with the state's Tourism Department and Jammu & Kashmir Bank.
The first leg of the downhill race was flagged off jointly by secretary tourism M H Malik and chairman J&K Bank Parvez Ahmad here at Shankaracharya hill temple.
Fourteen teams - 13 from different countries and one local team - are participating in the event.
The secretary tourism also complemented the foreign teams on choosing Kashmir and Ladakh for this mega event.
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Director, Tourism, Kashmir, Mehmood Shah said the influx of foreign tourists had gone down due to turmoil in Kashmir.
"However, due to such events, we want to remove the negative perception among the travellers around the world. The biggest handicap to Kashmir tourism is the negative publicity. Such expeditions which have maximum participation from the foreign countries will help us increase foreign influx of tourists," he said.
"We have best treks of Himalayas in Kashmir and Ladakh. Adventure activities like para-gliding, skiing, trekking, whitewater rafting, cycling, rock climbing are held here and we are conducting them on regular basis with good participation from adventure lovers from here and other countries," Shah said.
Owners of Kinetic Events and organisers Stephan Muller and Heidi Muller said though many countries issued advisories against travelling to Kashmir, they found nothing bad here.
"We have come here in the past and did all the preparations for this event. We did not find anything wrong here. Everything is good and we are enjoying the stay here besides the people are also good," Heidi said.
Each team has been equipped with GPS system which is tracking their race. The GPS attached to the athletes is also fed live on social media giving considerable publicity to the event across the globe.
Around 50,000 people are watching the event live on the inaugural day today, a spokesman said.