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EXCLUSIVE: Gulf CEOs on 4-Day Jammu and Kashmir Trip to Explore Business Opportunities

Two months after Jammu & Kashmir Lieutenant Governor Manoj Sinha’s Dubai go to, the place a number of necessary memoranda of understanding (MoUs) with a number of UAE corporations have been signed, a high-level delegation of businessmen from Gulf international locations landed in Srinagar on Sunday night.

The CEOs of 30-plus corporations, together with Indian businessmen, can be within the Valley for the following 4 days, throughout which they are going to be taking a look at enterprise alternatives within the Union territory.

As a part of the four-day programme, Sinha, together with the principal secretary of industries and commerce and different authorities officers, will showcase funding alternatives, with deal with entrepreneurship, tourism and hospitality sector.

The CEO of Century Financial, Bal Krishen is heading the high-level delegation of Gulf businessmen, together with CEOs from Saudi.

A CEO of a Dubai-based Company advised News18 that the delegation will participate in some enterprise occasions within the Valley, certainly one of which is scheduled on March 22 at Sher-i-Kashmir International Convention Centre (SKICC).

In the sunshine of J&Okay’s significance as a serious tourism hub, the delegation may also go to numerous vacationer locations, together with Gulmarg and Pahalgam, to discover funding alternatives. Sinha may also host a dinner for the enterprise delegation.

The delegation may also go to numerous vacationer locations, together with Gulmarg and Pahalgam. (News18)

A senior J&Okay official advised News18 that the programme is in keeping with the initiatives taken by the federal government in direction of creating beneficial infrastructure for export promotion and an entrepreneur-friendly atmosphere. There can be pitch shows of a number of exporters, start-ups and girls entrepreneurs, together with an outline of the cottage and silk industries, product shows and artisan meets.

During Sinha’s go to to Dubai in January, agreements have been signed with LuLu Group, Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC & Noon Group in numerous sectors. An MoU for $-100 million funding by Century Financial was additionally signed.

At the India-UAE Virtual Summit final month with Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, PM Modi had stated, “After the successful UAE visit of the Lieutenant Governor of Jammu and Kashmir, several Emirate companies have shown interest in investing in Jammu and Kashmir. We welcome investment by UAE in all sectors, including logistics, healthcare and hospitality in Jammu and Kashmir, and will provide all kinds of facilities to your companies.”

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