Jammu & Kashmir administration on October 18, 2021, signed a Memorandum of Understanding (MoU) with the Dubai government for the real estate development, industrial parks, multipurpose towers, IT towers, medical college, logistics, super specialty hospital, and more.According to the official release, the Union Minister for Commerce and Industry Piyush Goyal noted the significance of the day and said, “With the signing of the MoU with the Government of Dubai, the world has started to recognize the pace with which J&K are traversing on the development bandwagon.”He added that the signed MoU gives out a strong signal to the entire world that the way India has been transforming into a global power, J&K is having a significant role in that as well.
First investment by foreign government in J&K
Development of Jammu & Kashmir
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