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UAE business delegation visits Kashmir for 4 days to explore investment opportunities

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New Delhi: A delegation of high-ranking entrepreneurs from Gulf countries arrived in Srinagar on Sunday evening.

This comes two months after J&K Deputy Governor Manoj Sinha visited Dubai, where he signed a number of important Memorandums of Understanding (MOUs) with several UAE businesses.

Over the next four days, CEOs of more than 30 companies, including Indian entrepreneurs, will be in the valley.

According to the authorities, the purpose of the trip was to investigate the economic potential of the Federal Territory. LG Manoj Sinha and other government officials will provide them with investment options centered on entrepreneurship, tourism and hospitality.

Century Financial CEO Bal Krishen led the delegation. A number of Saudi chief executives were also on the delegation.

The CEO of a Dubai-based company told ABP Live that the delegation will attend certain business events in the valley, one of which will be at the Sher-i-Kashmir International Convention Center (SKICC) in Srinagar on March 22 held.

The delegation will also visit various tourist attractions such as Gulmarg and Pahalgam to look for investment prospects. Visiting delegations will enjoy a gala dinner hosted by LG Sinha.

Presentations will be made by J&K’s many exporters, start-ups and businesswomen, with an overview of the cottage industry and silk industry, product presentations at SKICC and artisan gatherings.

During Sinha’s visit to Dubai in January, agreements in various fields were signed with LuLu Group, Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC and Noon Group. Century Financial also signed a Memorandum of Understanding (MoU) for a $100 million investment.



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