Nearly 39000 kanals land allocated for investments
SPG teams tour Palli Panchayat to oversee security measures
Sanjeev Pargal
JAMMU, Apr 20: A high-level delegation of United Arab Emirates (UAE) led by its Ambassador to India Dr Ahmed Albanna will visit Jammu and Kashmir soon.
Led by the UAE Ambassador, the delegation comprised DP World Group Chairman and Chief Executive Officer (CEO) Sultan Ahmed bin Sulayem, Emaar Properties Founder and Managing Director Mohammad Ali Alabbar and Lulu Group Chairman and Managing Director Yusuff Ali Ma among others.
Besides Lulu Group, DP World and Emaar Properties, Royal Strategic Partners and WizzFinancial have also pledged industrial investments in Jammu and Kashmir, sources said, adding that total investments from the UAE have been pegged at around Rs 3000 crore, which is quite significant investment from abroad.
Though some other foreign nations have also shown interest in foreign investments in Jammu and Kashmir, the UAE, at present, is alone to participate in the investments after Lieutenant Governor Manoj Sinha visited there in January this year.
The Union Territory Government now targets investments from other countries after groundbreaking ceremony is over and industrial investments in Jammu and Kashmir become a reality on ground, sources said.
Investments from UAE will be mainly in the sectors like Infrastructure, Information Technology, Hospitality and Food Processing.
The Government has so far allotted or is in the process of allotment of total 19125 kanals of land to 1105 applicants in Jammu division for total investments worth Rs 17,968 crore,
Similarly, in the Kashmir valley, 19897 kanals of land has been allotted or is in the final process of allotment to 3339 applicants for an investments amounting to Rs 24187 crore, sources said.
“Investments will continue even after the groundbreaking ceremony on April 24 is over,” sources said, adding many more industrial units have applied for land in Jammu and Kashmir for investments and some of the proposals are under consideration.
Going by the response the Jammu and Kashmir Government has got from various States and abroad, the administration has been anticipating that investments will easily surpass Rs 70,000 crore.
The Government had organized Real Estate Summit in Jammu in the month of December and a similar Summit in Kashmir is proposed to be held in May for investments in the Real Estate sector.
Meanwhile, all arrangements have been finalized for Prime Minister Narendra Modi’s rally at Palli Panchayat in Samba district on April 24 coinciding with National Panchayats Day.
The administration is making security and other arrangements taking into account a crowd of nearly one lakh from different parts of Jammu region including nearly 30,000 representatives of the Panchayati Raj Institutions (PRIs).
Besides, representatives of 700 Panchayats will connect with the rally virtually from across the country. The Prime Minister is also scheduled to lay foundation stone of many projects and inaugurate others in Jammu and Kashmir virtually from the rally venue.
The teams of Special Protection Group (SPG) have also reached Jammu including venue of the rally while main security arrangements are being made by Jammu and Kashmir Police with the assistance of Central Reserve Police Force (CRPF).
Lieutenant Governor Manoj Sinha, Financial Commissioner (Home) RK Goyal and Director General of Police (DGP) Dilbag Singh have also visited Palli Panchayat to review security arrangements.
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