Emmar investments in J&K: After freedom from the shackles of Article 370, Jammu and Kashmir is now creating new dimensions of progress. After the removal of Article 370 from the state, many industrialists are reaching Kashmir, due to which new investments are reaching there. In this episode, the biggest shopping mall of the state is going to be built. It will be made in Srinagar. This material will be made by Emaar, the company that built the world’s tallest building i.e. Burj Khalifa.
According to the information, this shopping mall will be built on five lakh square feet. Emaar, the company making Burj Khalifa, will invest Rs 500 crore in Jammu and Kashmir. The company laid the foundation stone of the first foreign direct investment project in the union territory on Sunday (March 19). Under this project, a shopping mall and multi-storey building will be constructed on the outskirts of Srinagar. Due to this many employment opportunities will be developed in the state.
The Emmar is constructing a world-class mall with Rs 250 cr in a 10-lakh sqft area. Two IT towers, one in Srinagar of Rs250 cr & second in Jammu of Rs250 cr. We have discussed aspects of Horticulture, Education, Industrial &Agriculture sectors with India & UAE business councils,… https://t.co/1BjBWcMCFA pic.twitter.com/Wn4djmjWn1
— ANI (@ANI) March 19, 2023
Investment will create new employment opportunities
What the CEO of Emaar Group said
Investment target of Rs 70,000 crore
The government has set a target of investment of Rs 70 thousand crore in Jammu and Kashmir. For this, agreements have been made with many big groups. A large number of investors and companies are coming to Jammu and Kashmir. Last month JSW (Jindal South West) group also performed Bhoomi Pujan in Pulwama to set up its steel plant. According to Union Minister of State for Home Nityanand Rai, the Jammu and Kashmir government has so far received investment proposals worth Rs 64,058 crore.
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