Explanation:

The recently concluded Dubai Expo has opened the gateway for industrial investments for the entire Jammu and Kashmir which will be the ‘Dawn of New Era’ for the industrial development here.

While participating in the Expo, the Jammu and Kashmir government received an encouraging response from Dubai based industrialists for investment.

Several Global investors are now eyeing the untapped market and industrial potential of Jammu and Kashmir.

 During the Expo, Jammu and Kashmir Government signed at least six agreements in potential sectors real estate, infrastructure, tourism, healthcare, food processing and others, generating large amount of investments which will be remarkable for the industrial growth of the UT.

 While participating in Expo, several known UAE based companies like Al Maya group, MATU investments LLC, Century Financial, Noon e-commerce and others signed Memorandums of Understanding (MoUs) with the government of Jammu and Kashmir.

Lulu Group has also pledged Rs. 600 million to develop a food processing unit in J&K.

Dubai ports giant DP World is set to build an inland port in J&K and the 250-acre site for the project will be finalized shortly.