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New Delhi : Jammu and Kashmir administration on October 18, 2021, 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 specialty hospital and more.

Union Commerce and Industry Minister Piyush Goyal said that with the signing of the MoU with Dubai Government, the world has started to recognise the pace with which Jammu and 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 into that as well. This MoU is a milestone after which the investment will pour in from entire globe and is a big developmental push. Different entities from Dubai have shown keen interest in investment. Development has to be aspired on all fronts and we are on track, he added, according to a PIB release.

Goyal thanked Prime Minister Narendra Modi and Home Minister Amit Shah for their focus and commitment towards the development of UT of Jammu & Kashmir. Recent industrial package of Rs 28,400 Crore is a testimony to that.

Terming it a momentous occasion for the UT, Jammu and Kashmir Lieutenant Governor Manoj Sinha said that this development journey will help the Union Territory to scale new heights in Industrialisation and sustainable growth.