New Delhi: A high-level delegation of entrepreneurs from the Gulf countries arrived in Srinagar on Sunday evening.
This comes two months after J&K Lieutenant Governor Manoj Sinha's visit to Dubai when he signed many major Memorandums of Understanding (MOUs) with several enterprises in the UAE.
For the next four days, the CEOs of more than 30 firms, including Indian entrepreneurs, will be in the valley.
According to authorities, the goal of the tour is to investigate the economic potential in the Union Territory. L-G Manoj Sinha and other government officials will provide them with investment options centred on entrepreneurship, tourism, and hospitality.
Century Financial CEO Bal Krishen leads the delegation. A large number of Saudi CEOs are also on the delegation.
The CEO of a Dubai-based company told ABP Live that the delegation will attend certain business events in the Valley, one of which will be hosted on March 22 at the Sher-i-Kashmir International Convention Centre (SKICC) in Srinagar.
The delegation will also visit a number of tourist spots, including Gulmarg and Pahalgam, to look for investment prospects. The visiting delegation will be treated to dinner hosted by L-G Sinha.
Pitch presentations will be given by many exporters, start-ups, and women entrepreneurs in J&K, as well as an overview of the cottage and silk industries, product displays at SKICC, and artisan meetups.
During Sinha’s visit to Dubai in January, agreements were signed with LuLu Group, Al Maya Group, MATU Investments LLC, GL Employment Brokerage LLC & Noon Group in various sectors. A memorandum of understanding (MoU) for $-100 million investment by Century Financial was also signed.