Edited By: Pritha Mallick
Last Updated: March 19, 2023, 19:55 IST
The building of the Mall of Srinagar started with the laying of the muse stone by J&Ok Lieutenant Governor Manoj Sinha on March 19 at Sempora, Pampore.
Lieutenant Governor Manoj Sinha carried out the ‘Bhumi Pujan’ and the foundation-laying ceremony for the challenge by the makers of Dubai Mall and Burj Khalifa
Lieutenant Governor Manoj Sinha addressed the India-UAE Investment Summit and interacted with the enterprise delegates in Srinagar on Sunday. He additionally hailed the primary overseas direct funding in Jammu and Kashmir with the Rs 500 crore challenge, a shopping center and a multipurpose tower in the outskirts of Srinagar.
Hailing the day as “historic,” Lt Governor Sinha highlighted the scope for private and foreign investments in various sectors in Jammu and Kashmir and said it has made impressive progress with structural reforms in recent years.
Sinha performed the ‘Bhumi Pujan’ and the foundation-laying ceremony for the project by the makers of Dubai Mall and Burj Khalifa.
“With the Bhoomi Pujan 10 lakh Sq. Ft. Mall of Srinagar by Emaar, the first FDI in J&K, has taken shape. Land has been provided to Emaar for IT towers in Jammu and Srinagar. These three projects will be developed at a cost of Rs. 500 Cr,” he mentioned.
Sinha said under the guidance of Prime Minister Narendra Modi, Jammu and Kashmir has made remarkable progress towards ambitious infrastructure development programme, modernisation and expansion of airports, rail network and highways for ease of doing business and to fuel faster economic growth.
“We are upgrading our infrastructure both in capacity and quality to meet new demands and ready to raise our partnership with industries to higher levels,” he mentioned.
He mentioned reforms undertaken over the previous three years are a results of a well-planned, long-term, and complete technique geared toward making a beneficial funding surroundings for each home and overseas buyers in Jammu and Kashmir.
He appreciated the keenness and religion of overseas buyers and invited them to develop into associate in Jammu and Kashmir’s growth.
With a push in the direction of agriculture and allied sectors, hospitality, schooling, tourism and different industries, he additionally highlighted the union territory’s digital transformation.
“J&Ok is witnessing a brand new technological revolution and we now have began two Innovation and Invention centres the place well-trained colleges & IT professionals are getting ready future data employees who would be the most important pressure of Industry 4.0 to offer a lot wanted human sources for the rising market,” he said.
Faizal Edavalath Kottikollon, Chairman UIBC-UC said that they are keenly working with the government of Jammu and Kashmir for investment and will be bringing a world class climate wellness resort in Jammu Kashmir.
Sharafuddin Sharaf, Vice Chairman UIBC R R Bhatnagar, Advisor to Lieutenant Governor; Dr Arun Kumar Mehta, Chief Secretary; members of UAE- India- Business Council, business leaders and investors from India and abroad were present at the event.
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