J&K: High-level UAE delegation visits Srinagar to explore investment opportunities

As government of Jammu and Kashmir government is working relentlessly to provide an investment-friendly environment to global investors, a high-level business delegation from United Arab Emirates (UAE) landed in summer capital here to enhance ties and look at investment opportunities in region.

A 40-member delegation from UAE has reached Valley for a four-day (March 20-23) visit, months after Jammu and Kashmir Lieutenant Goverr Maj Sinha’s Dubai visit. delegation also includes Indian businessmen based in UAE and a representative of Rulers Office in Abu Dhabi.

" UT ministration is aiming to attract new investments in industries and tourism by highlighting key opportunities and growth sectors in Jammu and Kashmir to delegation,” an official said.

aim is to create a favourable infrastructure for export promotion and an entrepreneurial friendly environment.
As per government official here, “re will be pitch presentations of several importers, exporters and start-ups in J&K along with an overview of cott and silk industries, product displays and artisan meet,”

During ir four-day visit, delegation will also be visiting Pahalgam (South Kashmir) and Gulmarg (rth Kashmir) to explore investment opportunities in Tourism and Hospitality sector.

Pertinently, Prime Minister Narendra Modi has welcomed UAE’s investment in Jammu and Kashmir.

In January, Jammu and Kashmir signed five MoUs with Al Maya Group, MATU Investments LLC, GL Employment Broker LLC, Century Financial, on E-commerce, and ors.

`Century Financial’ will invest $100 million and set up three hotels and one commercial-cum-residential complex in Union Territory. MoU was signed in a special event presided by Lieutenant Goverr, Maj Sinha h said.  LG is hopeful that Jammu and Kashmir will be getting investments in next six months. Our aims are to encour new investment in industries and facilitate new entrepreneurs. With focus on growth in se areas, newly carved UT of Jammu & Kashmir is also working towards encouraging and creating conditions that will enable promotion of human resource skills, creation of new employment opportunities and development of new designs in handloom and handicrafts sector, LG Sinha h said. 

Im: ANI/Twitter