About Srinagar Srinagar is the summer capital of the Indian state of Jammu and Kashmir. It is situated in the Kashmir Valley and lies on the banks of the Jhelum River, a tributary of the Indus. The city is famous for its gardens, lakes and houseboats. It is also known for traditional Kashmiri handicrafts and dry fruits. Etymologically Srinagar is composed of two Sanskrit words, śrī (venerable) and nagar, which means “city”. One theory of the origin of the name is that a Pandava King Ashoka (not to be confused with the Mauryan Emperor Ashoka) built the city of Srinagari (Srinagar). Another theory is that Mauryan Emperor Ashoka founded the original city of Srinagar, then situated on the site of the present village of Pandrethan, 5 km to the north of the existing capital.