West indian countries

Businessmen from Gulf countries land in Srinagar to explore business opportunities

A high-level delegation of businessmen from the Gulf countries landed in Srinagar on Sunday evening.

CEOs of more than 30 companies, including Indian businessmen, will be in the Valley for the next four days, during which they will review business opportunities in the Union Territory, News18 reported.

The report said that as part of the four-day program, Sinha, together with the Principal Secretary for Industries and Commerce and other government officials, will showcase investment opportunities, with a focus on entrepreneurship, tourism and the hospitality sector.

“Century Financial CEO Bal Krishen is leading the high-level delegation of Gulf businessmen, alongside Saudi CEOs. A CEO of a Dubai-based company that the delegation will attend some business events in the valley, one of which is scheduled for March 22 at the Sher-i-Kashmir International Convention Center (SKICC),” the News18 report said.

He said the delegation will also visit various tourist destinations including Gulmarg and Pahalgam to explore investment opportunities. Sinha will also host a dinner for the trade delegation.

The report says the delegation will also visit various tourist destinations including Gulmarg and Pahalgam.

Quoting a senior JK official, the report said the program is in line with government initiatives to create conducive infrastructure for export promotion and a conducive environment for entrepreneurs.

“There will be presentations from several exporters, start-ups and women entrepreneurs, as well as an overview of the craft and silk industries, product presentations and meetings of artisans.”

It is pertinent to mention here that this business visit comes after the visit to Dubai by the Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, where several important MoUs were signed with several UAE companies.

During Sinha’s visit to Dubai in January, agreements were signed with LuLu Group, Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC and Noon Group in various sectors. A memorandum of understanding for a -100 million dollar investment by Century Financial was also signed.

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