back to top
Jammu KashmirFollow-up UAE investment proposals in J&K: Panel

Follow-up UAE investment proposals in J&K: Panel


Srinagar, Dec 20: A parliamentary panel has recommended to the Government of to promptly follow-up on investment opportunities by the United Arab Emirates (UAE) companies in the Union Territory of & .

In its report, the department-related standing committee on Ministry of External Affairs has recommended that the opportunity presented by some UAE companies for investing in the Union Territory of Jammu & Kashmir should also be followed up promptly.

The recommendation has been made by the parliamentary committed in its report titled “India and Gulf Cooperation Council (GCC) – Contours of Cooperation.” The report was tabled in the Parliament on December 12.

The committee made the recommendation after it was apprised that some UAE companies have also shown interest in investing in the UT of Jammu & Kashmir.

In April 2022, a delegation from UAE visited Kashmir to explore investment opportunities in the region.

Almost a year after the visit, the UAE-based Emaar Group, the developer of the Burj Khalifa, marked its entry into J&K by announcing a shopping mall and an IT tower in Srinagar.

In the past few years, Jammu & Kashmir government headed by Lieutenant Governor is wooing investors, both domestic and foreign. In almost three years since the Jammu and Kashmir government announced a new industrial policy in January 2021, the Union Territory has received investment proposals worth Rs 84,544 crore.

The Union Home Ministry this week informed the Parliament that J&K has witnessed investments amounting to Rs 5319.35 crores since the abrogation of Article 370 on August 5, 2019—(KNO)

The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

Share post:


More like this

Moovunveils ‘Moov Cool’

Jammu / Srinagar: Moov, India’s leading pain relief brand, has...

NueGoteams up with highly anticipated film ‘Chandu Champion’ starring Kartik Aaryan

Jammu Tawi: GreenCell Mobility's NueGo, India's top electric intercity bus...

Blood Donation drive marks 1st anniversary of KISNA Diamond and Gold Jewellery in Jammu

Jammu Tawi: KISNA Diamond and Gold Jewellery, a leading...

Fresh Encounter Erupts In J&K’s Doda, One Jawan Injured

JAMMU, June 12: A cop from SOG was injured...