The Government of Dubai and the Government of Jammu & Kashmir signed a Memorandum of Understanding (MoU), aimed at developing the industrial sector and various business enterprises in the UT. Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Hon’ble Lieutenant Governor of J&K, Manoj Sinha and Sultan Ahmed Bin Sulayem, Chairman of DP World addressed the media on the occasion. Piyush Goyal highlighted the significance of the day and said that with the signing of the MoU with Dubai Government, the world has started to recognise the pace with which Jammu & Kashmir is 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 & Kashmir is having a significant role in that as well. 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. Recent industrial package of Rs 28,400 crore is a testimony towards ensured development of J&K. 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.