In what could bring in huge investments and create jobs in Jammu and Kashmir, seven government and private-owned UAE-based companies have made commitments to invest in J&K.
During LG Manoj Sinha’s visit to Dubai last week, agreements were signed with LuLu Group, Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC & Noon Group in various sectors. Also, DP World will build an inland port in J&K. A memorandum of understanding (MoU) for $-100 million investment by Century Financial was also signed.
Addressing the Investors and Business Leaders Summit at EXPO Dubai, LG Manoj Sinha said, “The relationship between India and the UAE has matured enough over the years to become enduring ‘Global Partners’ in the 21st century. These are those times in the journey of Jammu and Kashmir where opportunities are in plenty.”
“Due to transparent policies and ease of doing business, we were able to get investment proposals worth 45,000 crore and additional 18,300 crore in real estate sector,” said the Lt Governor, adding, “The security situation has significantly improved and we are receiving 1.4 million tourists on an average every month, clearly indicating a conducive environment for the business to flourish.”
“I promise you unprecedented speed in clearing proposals and requisite documentation, unprecedented support from the government and unprecedented stable environment to tap rapidly growing opportunities in the Union Territory. I assure you that the government...
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