Committed for developing a new industrial culture in J&K: LG
- Industrial parks, IT Towers, multi-purpose towers, logistics, medical college, super specialty hospital and many other projects to be developed in the UT.
Srinagar, Oct. 18: In a historic event, the Government of Dubai and the Administration of Jammu Kashmir today signed a Memorandum of Understanding (MoU), aimed at developing the Industrial sector and various business enterprises in the UT.
It is aimed at developing various economic activities including industrial parks, IT Towers, multi-purpose towers, logistics, medical college, super specialty hospital and many other projects, he added.
Expressing his gratitude to Prime Minister Narendra Modi and Home Minister Amit Shah for unprecedented development of the UT, the Lt Governor said that the Rs 28,400 Cr Industrial Development Scheme is already attracting huge industrial investment in the UT.
Jammu & Kashmir has received a proposal worth Rs 30,000 crores in just a few months after the second wave of the pandemic and we hope to get the proposals of around Rs 60,000 crores in the coming times, he added.
Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Lieutenant Governor of J&K, Manoj Sinha and Sultan Ahmed Bin Sulayem, Chairman of DP World addressed the media on the occasion.
This MoU is a significant move towards rapid development and Industrial growth in J&K. It is a milestone after which the investment will pour in from the entire globe and is a big developmental push. Different entities from Dubai have shown keen interest in investment. Development has to be aspired on all fronts and we are on track. Recent industrial package of Rs 28,400 Crore is a testimony towards ensured development of J&K, the Union Minister added.
The Lt Governor said that the MoU is the beginning of a new partnership between the Government of Dubai and J&K which will help the Union Territory to scale new heights in Industrialization and sustainable growth.
This MoU is about Jammu Kashmir’s prospect and I am confident it will set the pace in the business sector of the future that is key to the prosperity of people. It renews the foundation of cooperation and reaffirms the government’s commitment to build Aatm-Nirbhar Jammu Kashmir, that will immensely contribute to Aatm-Nirbhar Bharat, observed the Lt Governor.
“The government is committed to develop a new industrial culture in Jammu & Kashmir, create greater bonds and enhance the scope of investments in future to build the world’s best business enterprises in the UT”, said the Lt Governor.
We have developed an ecosystem for incubating and unfurling start-ups in various sectors of the Union Territory of Jammu Kashmir. With this MoU, the Government of J&K and Government of Dubai have drawn out strategy on future investments, observed the Lt Governor.
The Government of Dubai is willing to explore the opportunity of potential cooperation with the government of Jammu & Kashmir. The presence of Sultan Ahmed Bin Sulayem in today’s conference and our initiative to start the first International flight to Sharjah from 23rd October reflects our commitment to foster strong business cooperation, the Lt Governor said.
Sultan Ahmed Bin Sulayem, Group Chairman & CEO of DP World, Dubai expressed confidence that the MoU would bring many opportunities to transform the Industrial sector in Jammu Kashmir. He informed that DP World is a leading provider of smart logistics solutions, enabling the flow of trade across the globe.
Working on the lines of Make in India, J&K will be connected to all major ports in India for transporting the unique products and Agriculture, Horticulture produce across the country and the world, he added
