J-K signs MoU with Dubai to develop real estate, industrial parks

New Delhi [India], October 18 (ANI): Jammu and Kashmir administration on Monday signed a Memorandum of Understanding (MoU) with the Government of Dubai for real estate development, industrial parks, IT towers, multipurpose towers, logistics, medical college, super speciality hospital and more.

As per an official release, Union Minister for Commerce and Industry Piyush Goyal highlighted the significance of the day and said, "With the signing of the MoU with Dubai Government, the world has started to recognize the pace with which Jammu and Kashmir are traversing on the development bandwagon. This MoU gives out a strong signal to the entire world that the way India is transforming into a global power, Jammu and Kashmir is having a significant role in that as well."

"This MoU 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 aspire on all fronts and we are on track", he added.

Goyal thanked Prime Minister Narendra Modi and Home Minister Amit Shah for their focus and commitment towards the development of the Union Territory of Jammu and Kashmir. The recent industrial package of 28,400 Crore rupees is testimony towards ensured development.

Terming it a momentous occasion for the Union Territory of Jammu and Kashmir, Jammu and Kashmir Lieutenant Governor Manoj Sinha said, "This development journey will help the Union Territory to scale new heights in Industrialization and sustainable growth." (ANI)