Two months after Jammu & Kashmir Lieutenant Governor Manoj Sinha’s Dubai go to, the place a number of vital memoranda of understanding (MoUs) with a number of UAE corporations had been signed, a high-level delegation of businessmen from Gulf international locations landed in Srinagar on Sunday night.
The CEOs of 30-plus corporations, together with Indian businessmen, will likely be within the Valley for the following 4 days, throughout which they are going to be enterprise alternatives within the Union territory.
As a part of the four-day programme, Sinha, together with the principal secretary of industries and commerce and different authorities officers, will showcase funding alternatives, with give attention to entrepreneurship, tourism and hospitality sector.
The CEO of Century Monetary, Bal Krishen is heading the high-level delegation of Gulf businessmen, together with CEOs from Saudi.
A CEO of a Dubai-based Firm informed News18 that the delegation will participate in some enterprise occasions within the Valley, one among which is scheduled on March 22 at Sher-i-Kashmir Worldwide Conference Centre (SKICC).
Within the gentle of J&Ok’s significance as a serious tourism hub, the delegation may even go to numerous vacationer locations, together with Gulmarg and Pahalgam, to discover funding alternatives. Sinha may even host a dinner for the enterprise delegation.
A senior J&Ok official informed News18 that the programme is in step with the initiatives taken by the federal government in direction of creating beneficial infrastructure for export promotion and an entrepreneur-friendly setting. There will likely be pitch shows of a number of exporters, start-ups and girls entrepreneurs, together with an outline of the cottage and silk industries, product shows and artisan meets.
Throughout Sinha’s go to to Dubai in January, agreements had been signed with LuLu Group, Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC & Midday Group in numerous sectors. An MoU for $-100 million funding by Century Monetary was additionally signed.
On the India-UAE Digital Summit final month with Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, PM Modi had mentioned, “After the profitable UAE go to of the Lieutenant Governor of Jammu and Kashmir, a number of Emirate corporations have proven curiosity in investing in Jammu and Kashmir. We welcome funding by UAE in all sectors, together with logistics, healthcare and hospitality in Jammu and Kashmir, and can present every kind of services to your corporations.”