Srinagar: Jammu and Kashmir administration today signed a Memorandum of Understanding (MoU) with the Government of Dubai for real estate development, industrial parks, IT towers, multipurpose towers, logistics, medical college, super specialty hospital, and more.
Union Minister for Commerce and Industry Piyush Goyal highlighted the significance of the day and said that with the signing of the MoU with the Dubai Government, the world has started to recognize the pace with which Jammu and Kashmir are traversing on the development bandwagon. This MoU gives out a strong signal to the entire world that the way India is transforming into a global power, Jammu & Kashmir is having a significant role into that as well.
This MoU is a milestone after which the investment will pour in from entire globe and is a big developmental push, he said.
The Minister added that different entities from Dubai have shown keen interest in investment. Development has to be aspired on all fronts and we are on track, he added.
Goyal also mentioned about the recent industrial package of 28,400 Crore rupees towards development of J&K.
Terming it a momentous occasion for the UT of Jammu and Kashmir, Jammu and Kashmir Lieutenant Governor Manoj Sinha said that this development journey will help the Union Territory to scale new heights in Industrialization and sustainable growth.
-global bihari bureau
