New Delhi, Oct 18 (Agency) In a major investment push, the Jammu and Kashmir (J&K) administration on Monday signed a Memorandum of Understanding (MoU) with the Government of Dubai for development of real estate, industrial parks, IT towers and super-specialty hospitals, among others. “This MoU gives out a strong signal to the entire world that the way India is transforming into a global power, J&K is having a significant role in that as well,” Union Commerce and Industry Minister Piyush Goyal said in a statement.
He said this MoU is a milestone after which investment will pour in from the entire globe and it 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,” the Minister said. “The recent industrial package of Rs 28,400 crore is a testimony towards ensuing development,” Goyal said. Terming it a momentous occasion for the Union Territory (UT) of Jammu and Kashmir, Lieutenant Governor Manoj Sinha said this development journey will help the UT to scale new heights in industrialisation and sustainable growth.