Dubai, January 7, 2022: Jammu & Kashmir (J&K) has inked six agreements with global investors at EXPO2020 Dubai to bring in investments in the real estate, infrastructure, tourism, healthcare, manpower employment sectors among others.
Manoj Sinha, Lieutenant Governor (LG) of Jammu & Kashmir addressed the Investors Summit in Dubai, which was attended by renowned business leaders and investors from the United Arab Emirates (UAE).
“Jammu & Kashmir has moved from a sleeping business destination to the land of opportunities and investment. The Union Territory received investments to the tune of USD 2.5 billion in 2021 and showcased the enormous opportunities and business potential in the region,” Sinha said.
Jammu & Kashmir has signed 5 MoUs with Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC, Century Financial and Noon E-commerce respectively; 1 LoI between Magna Waves Pvt. Ltd along with Emaar Group and Lulu International.
Sinha also met the DP World Chairman, Sultan Ahmed bin Sulayem to discuss potential areas of collaboration between the Government of Jammu & Kashmir and DP World.
Elaborating on the potential of collaboration between India and the UAE, Dr. Ahmed Abdul Rahman AlBanna, Ambassador of UAE Embassy said, “India is the second largest trading partner for the United Arab Emirates and UAE is the third largest trading partner for India after the United States of America and China. The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and India will be crucial in deepening the ties between India and UAE. We are hoping that CEPA will increase our bilateral trade from USD 60 billion to USD 100 billion in the coming 5 to 8 years.”
“Ever since the Government of India announced the historic administrative changes in 2019, the Union Territory of Jammu and Kashmir has become the latest success story among Indian states as a model of economic and social development. And soon, CEPA will be signed, which certainly has the potential to catapult our economic engagement to a very different trajectory all together,” said Sunjay Sudhir, Ambassador of India to the UAE while addressing the Investors Summit yesterday.
The J&K Lieutenant Governor also visited the India Pavilion at EXPO2020 Dubai during the ongoing Jammu & Kashmir Week (03-13 January) and toured the J&K Pavilion earlier in the day.
The J&K Pavilion was inaugurated by Ranjan Prakash Thakur, Principal Secretary to the Government Industries & Commerce along with Dr Aman Puri, Consul General of India in Dubai and Deputy Commissioner-General for India at Expo 2020 Dubai on 3rd January.
In addition to the Investor Summit and J&K Week at India Pavilion, Sinha also inaugurated a two-day Buyer-Seller Meet, hosted by the Consulate General of India, Dubai in collaboration with Invest India. The Buyer Seller meet is being organized between sellers from the Union Territory of Jammu and Kashmir and buyers from the UAE under One District One Product initiative. The key focus sectors for the meeting are Agri Products & Processed Food and Handicraft and Textile.
Sentiments move up as launches increase
Liquidity is the most critical issue, and it must be handled immediately. Furthermore, delays from the Government must be avoided...
Hitachi Energy wins orders to speed up the electrification of Indian Railways
Bangalore, January 19, 2022 – Hitachi Energy India Ltd. has won orders exceeding Rs 160 crore for its key electric components...
Real estate digital amenities provider Reloy raises Rs 5 cr in a strategic Pre Series A round led by Inflection Point Ventures
January 19, 2022, Delhi: Real estate Digital Amenities provider Reloy has raised Rs. 5 cr in a strategic pre-Series A...
92% of developers eyeing new launches in 2022: CREDAI Sentiment Report, 2022
Delhi, January 19, 2022: A latest study from CREDAI reveals a positive sentiment amongst real-estate developers in the New Year...
Shantanu Preetam is now CTO apna.co
January 19, 2022, Bengaluru: Jobs and professional networking platform apna.co has announced the appointment of PayU’s Shantanu Preetam as its...
BSE Realty Index clocks 204% growth, outperforms other sectoral indices
January 19, 2022: Two years into the pandemic, India Inc and the population at large have been on a veritable...
News3 weeks ago
Mumbai, Bengaluru, Hyderabad to be frontrunners in residential real estate recovery in 2022: Housing.com IRIS index
News4 weeks ago
Nearly 80% of occupiers prioritize physical offices, want employees back in office, says CBRE’s India Future of Office Survey 2021
Report4 weeks ago
The future of co-living in India – Colliers
News2 weeks ago
Vigor Media Productions announces biopic movie on WB CM Mamata Banerjee
News5 days ago
Pashmina Waterfront gets Skating Rink!
News1 week ago
ARETE Group introduces Experience Centre for Flagship project, Payal Industrial Park
Guest Column3 weeks ago
Scope of Container Homes in India
Report4 weeks ago
IT/ITeS, Infrastructure Drive Growth in Telangana – CREDAI-ANAROCK Report