Dubai firm is planning to build an inland port in Jammu and Kashmir: Govt

DUBAI, JANUARY 06: Dubai ports giant DP World is planning to build an inland port in Jammu and Kashmir as part of the firm commitment by the UAE to invest in J&K, the govt said.

In a statement, the govt said the the representatives of DP World would soon visit the 250 acre site earmarked for the inland port facility. The ambitious projects will be finalized soon.

Apart from that, the government said it signed several important MoUs with Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC & Noon to invest in J&K Expo-2020 Dubai. Lieutenant Governor Manoj Sinha, who presided over the signing ceremony said this will further strengthen J&K-Dubai’s trade, investment ties.

Lieutenant Governor also held a meeting with Chairman of DP world, H.E. Sultan Ahmed Bin Sulayem. DP World is set to build an inland port in Jammu and Kashmir.

Addressing the Investors Summit at Dubai, the Lt Governor highlighted the strong business scenario in Jammu & Kashmir.

Big business groups from UAE have shown interest in investing in J&K marking the beginning of a new and comprehensive partnership, the Lt Governor said.

“Relationship between India and UAE has matured enough over the years to become enduring ‘Global Partners’ in the 21st Century. These are those times in the journey of Jammu Kashmir where opportunities are in plenty”, observed the Lt Governor.

We are devising new paths, new policies, creating critical infrastructure and unlocking the business potential of Jammu Kashmir to strengthen our business ecosystem for the post-pandemic world and embarking on the journey of growth and development, added the Lt Governor.

“J&K has the capability to provide opportunity to industries to compete, connect and collaborate with its readily available abundant resources. In the last 28 months, J&K has transformed from sleeping business destination to the land of opportunities & investment”, the Lt Governor said.

Due to transparent policies, ease of doing business, we were able to clock investment proposal worth Rs.45,000 Crore & additional Rs.18,300 Crore in real estate sector, added the Lt Governor.

“Jammu Kashmir is rising. The best time to invest in J&K is ‘now’.  Our performance shows the world has an opportunity to develop and grow with the enormous opportunities Jammu Kashmir offers at this exciting period of time”, said the Lt Governor.

“I have set the high target of economic growth for Jammu Kashmir, which is the crown jewel of India. With the ageless culture visible in the layers of history and as a witness to co-existence of almost all major religions known to humankind, Jammu Kashmir has created an inclusive cultural ecosystem for the country” the Lt Governor further added.

This is the new Jammu Kashmir determined to reverse the trend of the past 7 decades by pushing the targets for economic growth. Our aim is very clear- deepen the trust with business firms, build the industrial base for the economy and strengthen social stability. And, the tireless effort is paying us the dividend, the Lt Governor said.

We are offering you a stake in the present and future of rich civilization, the land of curiosity for intellectuals, travelers, traders and historians, the Lt Governor told the investors & business leaders.

India and United Arab Emirates (UAE) enjoy strong bonds of friendship and historical ties which was further strengthened by the strenuous efforts of  Prime Minister  Narendra Modi, the Lt Governor said.

Taking this forward, J&K Government is working with enhanced cooperation in various other sectors. For serving the common interests of peoples of both the countries and creating more opportunities for growth and progress, we are also collaborating in setting up small and medium enterprises, educational institutions, space technology, health and closely working in the horticulture sector, added the Lt Governor.

It is my firm belief that the industries will thrive in a progressive business regulatory environment which has now been established in J&K, said the Lt Governor.

During his meeting with Group Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem and discussed the investment opportunities in various sectors of J&K UT and potential areas of collaboration between the Government of J&K and DP World.

Pertinently, the Lt Governor during his visit to Dubai is holding a series of meetings with potential investors for bringing investment in J&K, besides promoting J&K products at Gulf market.

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