ECONOMIC INITIATIVES IN VALLEY: UAE BUSINESS DELEGATION VISITS KASHMIR

Known as the “Paradise on Earth”, Kashmir valley is bounded by Pirpanjal and Himalayan ranges and famous for its snow-capped mountains, wildlife, incredible natural beauty and its unique local handicrafts. The valley was seen highlighted in the recent news after a top-level delegation from United Arab Emirates visited the region.

More than two years of the removal of Article 370, the weather in J&K has improved with the showers of investments pouring all the way. The Union territory has witnessed several positive changes including a decline in the terrorism and a large number of foreign investments upcoming. As per the recent data there has been a 33% drop in infiltration, 90 % decrease in ceasefire violations, 61% decline in terrorism related incidents in the year 2021.

The Union territory is gifted with a fascinating landscape and historical legacies in craftsmanship skills, thus enjoying a distinct and a vital place in handicrafts and tourism industry. There are great opportunities in hydropower generation, transportation, tourism, pharmaceuticals, biotechnology, information technology, horticulture, sericulture, dairy products, food processing, real estate and what not. Due to the law-and-order situation, the resources lack private investments on the ground. However, these days the confidence of the private investors are being gained and as a result the entire valley will have bright chance to turn into an economic hub. Unlike before, non-Kashmiris can buy the land and as it would encourage for more investments. Alongside J&K Police, Indian Army and Paramilitary forces are ensuring a stability in the law and order of the region.

A business delegation from the United Arab Emirates landed in Srinagar to explore the business opportunities in the valley. The delegation was hosted for a three-day visit, three months after Jammu and Kashmir Lieutenant Governor Manoj Sinha’s Dubai visit. During their three-day visit, the delegates highly praised the mesmerizing beauty of the valley and the hospitality of the people. The Lieutenant governor and the delegation members expressed a vast investment easing to various job opportunities in the near future. Kashmir will see huge job creation of around 7 lakhs once the investments turns into projects. These investments will provide both prosperity and employment opportunities. It is unspoken that the visit will not only instill the confidence but an example of the growing conducive situation in J&K for the investments.

Kashmir is on its way becoming a model state as investments and infrastructure of the regions improving. Thus, India’s relationship with Gulf countries will create a vibrant and revitalized economic partnership and will benefit both the countries especially Kashmir.

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