March 23, 2022
1 min read

J&K to be the most beautiful investment destination

Since his Dubai Expo visit in January this year, many foreign companies from UAE have announced long-term plans for the UT, he said…reports Asian Lite News

Jammu and Kashmir Lt Governor Manoj Sinha on Tuesday said that Union Territory will provide global standard end to end facilities for businesses.

Addressing the Gulf countries investment summit here on Tuesday, he said that he had highlighted the scope for Jammu and Kashmir and sought Gulf-based companies’ economic cooperation to make “this paradise on earth as the most beautiful investment destination in the world”.

He said the visit by CEOs of top companies, entrepreneurs, startup representatives, and exporters was an expression of confidence of the industry leaders in the potential for business cooperation between the UT and the Gulf countries.

“India’s relationship with Gulf countries is being translated into a vibrant, revitalised economic partnership with Jammu and Kashmir that will not only diversify our export basket, but will also create a conducive environment for the expansion of the existing trade.

“We have worked with a coherent framework in the last two years to harness immense natural resources and economic potential of Jammu and Kashmir. We have worked out a blueprint to unlock investment flows.

“We promise to provide global standard end to end facilities for businesses, skilled workforce, transparent and hassle-free regulatory mechanism and creation of necessary infrastructure, wherever, required,” he said.

Since his Dubai Expo visit in January this year, many foreign companies from UAE have announced long-term plans for the UT, he said.

“We will take this relationship to a qualitatively new level and strengthen our economic partnership,” Sinha asserted.

ALSO READ-‘India imported less than 1 per cent crude oil from Russia’

Previous Story

‘I want to make fitness accessible for entire world’

Next Story

Baloch activist at UN raises voice against Pak atrocities

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop