By Priti Naik
In what comes as a major investment from UAE, the Dubai port giant DP World is all set to build an inland port in Jammu and Kashmir. This comes as a vital investment plan from the emirates aiming at the Indian territory. The United Arab Emirates (UAE) is planning to invest in infrastructure and other projects in the Indian Union Territory Jammu and Kashmir.
The news was confirmed by Jammu and Kashmir Lieutenant Governor Manoj Sinha. He is present in Dubai this week to promote investment, said that the Dubai port giant DP World would soon be visiting the 250 acre site earmarked for the inland port facility.
Speaking to the media, Sinha said, “We will finalise it shortly”, as he described the project as a “firm commitment” by state-owned DP World. A DP World spokesperson said the company had a “productive meeting” with Sinha on Thursday and that it was preparing a proposal for the project.
The announcement was made in the month of October stating Dubai would invest in the region. It was the first by any foreign government since Article 370 was revoked in 2019 and is now recognised as two territories ruled by New Delhi.
Meanwhile, it is reported that Dubai developer Emaar Properties would build a mall in Srinagar. Lulu Group, an UAE-headquartered company headed by an Indian billionaire, also plans to set up a food processing hub there.
