SRINAGAR: A high-level delegation of businessmen from Gulf countries along with Indian businessmen arrived in Srinagar on Sunday evening for a three-day visit to Jammu and Kashmir.
The delegation members will be holding a meeting with the Industries Department and exploring business opportunities during their stay in the Valley, officials said here.
“Bal Krishen Rathore, the CEO of Century Financial, is leading the delegation which comprises CEOs of several companies,” a senior J&K government official told The New Indian.
Officials said that apart from businessmen from Gulf countries, some CEOs from Saudi Arabia are also part of the delegation. They pointed out that the delegation visit comes almost two months after Lieutenant Governor Manoj Sinha’s visit to Dubai.
“The delegation will take part in a business event to held at Sher-e-Kashmir International Convention Centre (SKICC) on March 22 besides other engagements,” the officials said, adding that the delegation is also scheduled to visit some tourist destinations.
In the first week of January, the Union Territory of Jammu and Kashmir inked six agreements with global investors at Dubai Expo 2020 to bring in investments various sectors especially in the real estate, infrastructure, tourism, and healthcare.
J&K had signed MoUs with Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC, Century Financial and Noon E-commerce, and a LoI (letter of intent) between Magna Waves Pvt. Ltd along with Emaar Group and Lulu International.
India and United Arab Emirates (UAE) enjoy strong bonds of friendship and historical ties which has been further strengthened by the strenuous efforts of Prime Minister Narendra Modi over the years.
In his address at the Dubai Investors Summit, Sinha had said, “We are offering you a stake in the present and future of rich civilization, the land of curiosity for intellectuals, travellers, traders and historians.”
“There is an advantage of first-mover because Jammu and Kashmir is an unsaturated market and one can build a brand new business network and tap rapidly growing opportunities in the Union Territory. I assure you, the government will be a facilitator, partner, provider, collaborator and promoter at every step to ensure a sustainable, balanced, progressive and competitive business environment for traditional core sectors and new-age technology driven sectors,” he had said.