Veteran politician Ghulam Nabi Azad on Friday said he would launch a new party soon and that its first unit would be set up in Jammu and Kashmir."I am in no hurry as of now to launch a national party but keeping in mind that elections are likely to be held in Jammu and Kashmir, I have decided to launch a unit there soon," Azad, who resigned from the Congress earlier in the day, said.Veteran politician Ghulam Nabi Azad on Friday said he would launch a new party soon and that its first unit would be set up in Jammu and Kashmir."I am in no hurry as of now to launch a national party but keeping in mind that elections are likely to be held in Jammu and Kashmir, I have decided to launch a unit there soon," Azad, who resigned from the Congress earlier in the day, said.