Investment in Kashmir: India is becoming the largest business center in the world. More than one large company wants to expand its business by investing here. You have understood that the customer base here is very large, so the growth potential is much greater than in any other country. This is the reason why investments are being made from Kanyakumari to Kashmir. This time there is investment news in Kashmir. This investment will be made by the Emaar Company, the company that built the Burj Khalifa in Dubai. The company is reportedly planning to invest Rs 500 crore in Jammu and Kashmir. He explains that the company laid this Sunday the first stone of the first foreign direct investment project in union territory.
Kashmir Deputy Governor Manoj Sinha lays the cornerstone
Ability to employ more than 10,000 people
Under this project, a shopping center and a multi-storey building will be built on the outskirts of Srinagar. The Rs 500 crore project has the potential to provide employment for more than 10,000 people, Union Territory Deputy Governor Manoj Sinha said during a groundbreaking ceremony in the valley. This is the first FDI project in Jammu and Kashmir after the Center repealed Article 370 in 2019. Emaar Group CEO Amit Jain, Bollywood actor Vivek Oberoi and actress Neetu Chandra were present at the laying ceremony of the first stone Sinha urged Emaar Group to complete the project before the three-year deadline.
The job will be completed before the scheduled time.
Sinha said that if the work on the Parliament Complex can be completed within a year and a half, then we can definitely expect it to be completed ahead of schedule. Jain said his company’s investment in Jammu and Kashmir will have a profound impact. He said that with every investment of one rupee, there will be another investment of nine rupees. In this way, an investment of Rs 500 crore will become an investment of Rs 5000 crore in the future.
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