J&K-Dubai inks MoU for construction and infra projects

The Jammu and Kashmir administration has signed a Memorandum of Understanding (MoU) with the Dubai government for the development of real estate, industrial parks, IT towers, multipurpose towers, logistics, medical college, super speciality hospital and allied infra projects. The Union Minister for Commerce and Industry, Piyush Goyal, informed that the pact 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 in that as well. Apart from bringing investment to J&K, the MoU also promises to help India gain greater support from the UAE, which has a strong presence in the comity of Islamic nations, as well as counter Pakistan's propaganda about India. Terming it a momentous occasion, Jammu and Kashmir Lieutenant Governor Manoj Sinha said that this agreement will help the Union Territory to scale new heights in industrialization and sustainable growth of the state.