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Addresses special session of India-UAE Partnership Summit on ‘Investment Opportunities in J&K’ |
DUBAI (UAE), OCTOBER 31: JK’s Finance
Minister, Dr Haseeb Drabu today called for making Jammu & Kashmir a transit
and trade corridor for arching out to Central Asia.
“Given its geographical location, Jammu and Kashmir could become a
nucleus towards forging a new economic alliance in the region between the South
and the Central Asia,” Dr Drabu said while speaking at the concluding session of the India-UAE
Partnership Summit (IUPS) here this afternoon.
Dr Drabu addressed the special session at the Summit on investment
opportunities in Jammu and Kashmir titled “J&K: Investing in Peace,
Prosperity and Development”.
He said
India and Central Asia have shared a geo-cultural affinity and a long tradition
of historical contacts that dates back to antiquity. “There is
convergence of views on varied issues and interests between the Central Asian
Republics and India, including promoting economic, scientific and cultural
cooperation in the region,” Dr Drabu said adding that given its
historic links with Central Asia, J&K can become a surface transport
passage for reviving traditional economic linkages in the region.
Referring to foreign direct investment opportunities in J&K, Dr
Drabu said there is huge potential for investment in tourism, energy,
education, healthcare, Information Technology and agriculture sectors including
setting up of a Dry Port, Cold Chain, Education Zone for foreign universities
and Special Economic Zones for handicrafts and Sports Goods including Cricket
bats.
Dr Drabu said it was heartening to note that one of the biggest
business groups of UAE, Emaar Group and Dubai Ports have expressed their
willingness to explore the possibility of investing in J&K.
The
two-day India-UAE Partnership Summit (IUPS) was jointly organized by the Embassy
of India, Abu Dhabi, Consulate General of India, Dubai and UAE-based premium
business body Business Leaders' Forum (BLF) on 30/31 October.
Around 800 top businessmen, Ministers, officials, investors and
academics from both India and UAE attended the summit with the objective of
significantly enhancing investments from UAE to India. The summit focused on
key areas of strategic partnership, investments-implementation and travel and
tourism sector.
The other key speakers at the Summit included Nitin Gadkari, Union
Minister for Road Transport, Highways and Shipping, Alphons Kannanthanam,
Minister of State (Independent Charge) Tourism, Govt of India, Abdullah al
Nuaimi, UAE Minister of State for Infrastructure Development, Navdeep Singh Suri,
Ambassador of India to UAE, Dr Ahmed Al Banna, UAE Ambassador to India, Abdulla
Al Saleh, Undersecretary UAE Ministry of Economy, Sami Ahmad Dhaen Al Qamzi,
Director General of the Department of Economic Development, Dubai, Dr Azad
Moopen, President Business Leaders Forum Dubai, Kiran Mazumdar Shaw, Chairman and managing director of
Biocon Limited, Sultan bin Saeed al Mansouri, UAE Minister of Economy, Suresh
Prabhu, Union Minister of Commerce & Industry, Aisha Abdulla Miran,
Assistant Secretary General, Strategy Management & Governance Sector,
Executive Council of Dubai, Jamal Saif Al Jarwan, UAEIIC
Secretary General, Shaji ul Mulk, Partner & Head, Economics,
Regulatory & Policy Advisory, KPMG India, Payal Koul
Mirakhur, Vice President, Invest India, Satpal Ji Maharaj, Minister of Tourism,
Govt of Uttrakhand, Kamal Puri, Chairman, Skyline University, Sunil
Sinha, Resident Director- Middle East & North, Saif Saeed Ghobash, Director
General, Abu Dhabi Tourism & Culture Authority, Gerald Lawless, CEO
Jumeirah Group, Dr Layla Al Marzouqi, Director of Health Regulation, Medical
Tourism Project Dubai, Sandeep Jajodia, President ASSOCHAM and KT Rama Rao,
Minister for IT, Govt of Telangana.