Kashmir
Gulf Investment Summit: J-K administration clears investment proposals of Rs 27,000 crores
Srinagar: Lieutenant Governor Manoj Sinha attended the Gulf Investment Summit in Srinagar on Tuesday and informed that investment proposals of Rs 27,000 crores were cleared by Jammu and Kashmir administration.
Entrepreneurs and CEOs from different countries including Dubai, UAE, Holland were present at the summit, reports ANI.
Speaking on the occasion, Sinha was quoted as saying by ANI that around six to seven lakh people will get jobs once the investments fructify.
“We have cleared investment proposals of Rs 27,000 crores and hope it will cross Rs 70,000 crores in multiple sectors. 6-7 lakh people will get jobs when the investment will fructify,” said Sinha while addressing the press conference as quoted by ANI.
Ranjan Prakash Thakur, Business Secretary Industry, Commerce and Aviation, Government of Jammu and Kashmir said that the government had been engaging with the UAE and Gulf Cooperation Council (GCC) countries and now looking for a concrete outcome.
“For the last four to five months, we have been taking the steps and also arranged a major investors summit at Jumeirah towers in Dubai,” Thakur was quoted as saying by ANI.
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