PHDCCI honours Dr Drabu for facilitating two Dry Ports in J&K

JV will immensely improve quality, structure of local economy: Dr Drabu

Jammu: The PHD Chamber Commerce and Industry (PHDCCI)-J&K Chapter held an impressive function at Hotel Radisson Blu wherein the Finance Minister, Dr Haseeb A Drabu was honoured for signing a memorandum of understanding (MoU) with Dubai Ports World for building two dry ports in Srinagar and Jammu besides presenting an industry and people friendly Budget.    

Minister for Education Altaf Bukhari, Minister for Horticulture Basharat Bukhari and Minister for Industries & Commerce were special guests on the occasion. The function was attended by several other legislators and top officials besides members of the business fraternity from Jammu as well as Kashmir.

Dr Drabu was presented with a shawl and PHD Plate for doing great job in the society. The other cabinet ministers were also honored.

While speaking on the occasion, the chairmen of PHDCCI Jammu and Kashmir chapters hailed the role played by Finance Minister in boosting the economy of the state and expressed that decision to build two dry ports in Jammu and Kashmir is a step in right direction.

They said the need of creating such a facility in the state was most essential element of logistics required to enhance the scope for growth of our export oriented business, be that the export of handicraft, horticulture, agriculture, floriculture or any other allied product worldwide.

Dr Drabu expressed gratitude to PHDCCI J&K for supporting the government in its endeavors and expressed that Dry Ports to be established by the Dubai Ports World and the J&K Government through Joint Venture at Jammu and Srinagar will immensely improve the quality and structure of the local economy.

“The proposed Multi Modal Logistics Parks (Dry Ports) will facilitate faster movement of local produce to the processing centres and the markets outside. This will raise the income of farmers, industrialists, traders and businessmen and create a large number of jobs,” Dr Drabu said.

He also expressed gratitude to his Cabinet colleagues present on the occasion in facilitating people and industry Budget. He also expressed that in this year government would be able to spend available funds to the tune of Rs 80,000 crore.