DUBAI: With the aim to boost investment in Jammu and Kashmir, the union territory government signed several important MoUs with UA-based Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC and Noon.
Addressing the Investors Summit at Dubai, Lt Governor Manoj Sinha highlighted the strong business scenario in Jammu and Kashmir.
Big business groups from UAE have shown interest in investing in Jammu and Kashmir marking the beginning of a new and comprehensive partnership, the Lt Governor said.
“Relationship between India and 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,” observed the Lt Governor.
The Lt Governor said the union territory of Jammu and Kashmir now has a sage and conducive environment for the businesses to flourish, besides having a young population and a demographic dividend to its advantage.
“We are devising new paths, new policies, creating critical infrastructure and unlocking the business potential of Jammu and Kashmir to strengthen our business ecosystem for the post-pandemic world and embarking on the journey of growth and development,” he said.
“Jammu and Kashmir has the capability to provide opportunity to industries to compete, connect and collaborate with its readily available abundant resources. In the last 28 months, Jammu and Kashmir has transformed from sleeping business destination to the land of opportunities and investment”, added the Lt Governor.
Due to transparent policies, ease of doing business, the government was able to clock investment proposals worth Rs 45,000 crore and additional Rs 18,300 crore in real estate sector, added the Lt Governor.
“Jammu Kashmir is rising. The best time to invest in Jammu and Kashmir is ‘now’. I have set the high target of economic growth for Jammu and Kashmir, which is the crown jewel of India. With the ageless culture visible in the layers of history and as a witness to co-existence of almost all major religions known to humankind, Jammu and Kashmir has created an inclusive cultural ecosystem for the country,” Sinha
