A delegation from UAE has reached Srinagar to explore investment opportunities in the region, following an invitation by the Lt Governor at the Dubai Expo in January this year
Jammu and Kashmir Lt Governor Manoj Sinha said that the Union Territory was expected to attract INR 70,000 crore worth investments in the next six months. J&K has been looking to bring in investments in diverse sectors, including tourism and hospitality, and currently a UAE delegation is visiting the Union Territory. The delegation has reached Srinagar to explore investment opportunities in the region, following an invitation by the Lt Governor at the Dubai Expo in January this year.
The Lt Governor along with Ranjan Prakash Thakur, Principal Secretary, Industries and Commerce, and other government officials has been showcasing investment opportunities to the visiting delegates as part of a four-day programme, focusing on entrepreneurship, tourism and hospitality.
“The investment is going to take place in both regions of Jammu and Kashmir in different areas and sectors.”
— Manoj Sinha, Jammu and Kashmir Lt Governor
The Lt. Governor said that the J&K government had already sanctioned industrial investment proposals worth over INR 26,000 crore so far and provided land to the investors. “We are hopeful of getting an investment of over Rs 70,000 crore in the next six months,” Sinha said.
“The delegates are looking for avenues where investment can be made in Jammu and Kashmir,” Sinha told reporters on the sidelines of a function here. He also said, “I am hopeful that its good results will be witnessed by the people of Jammu and Kashmir.”
“The investment is going to take place in both regions of Jammu and Kashmir in different areas and sectors,” he said. According to the officials, the Union Territory is aiming to attract new investment in industries and tourism by highlighting key opportunities and growth sectors to the delegation.
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