Top UAE companies such as Emaar, Noon, Lulu Group, and DP World will drive growth in India’s Jammu and Kashmir (J & K) region. This comes after J & K signed a memorandum of understanding with Dubai for the development of real estate, industrial parks, and other projects in October.
DP World plans to develop logistics infrastructure in J & K, while local retail giant Lulu Group was an early mover and announced the setting up of a modern food processing and logistics centre in the Indian state in late 2020.
Given the opportunities in the region, it is crucial to establish J&K as a modern, developed place that takes care of its economy and employment.
Among the target sectors, tourism is one of the most crucial sectors where we are aiming for growth. “Kashmir valley will be a key destination for the development of hotels, hospitals, handlooms, and horticulture, while Jammu will focus on growing sectors such as manufacturing, pharmaceuticals, inland container depots, and real estate.”