Huge potential for investments in Jammu & Kashmir: Gulf delegation

Srinagar:  A visiting delegation of foreign investors on Tuesday said Jammu and Kashmir is a “big opportunity” to invest and its members will soon take forward their investment proposals.

A business delegation from the Gulf countries is on a four-day visit to the valley to explore investment opportunities in the Union Territory.

Speaking with reporters at SKICC here, the CEO of Emirates International Investment Group, Abdulla Mohammad Yousuf Abdulla Alshaibani, said there is a big opportunity to invest for visiting delegation.

The people of J-K are very kind. We felt so safe between (among) you, like our family. This place is very beautiful, it is a piece of paradise. There is a big opportunity to invest from our whole team, Alshaibani, who has several companies involved in around 27 different sectors including real estate, hospitality, agriculture, said.

Asked if the delegation was sure of making investment in Kashmir, he said, “Let me tell you very seriously, we are not here to waste the time. We came here for something. We took a step, there is a step we are taking now and there is a step which we are going to take in the future very soon.”

The visiting businessman noted that the investments in J-K would be beneficial for both the countries — the UAE and India — and especially for Jammu and Kashmir.

To a query if the group was of the opinion that there was potential for investment in J-K, Alshaibani said yes, it is 100 per cent.

Another member of the delegation, and the CEO of the Century Financial Group, Bal Krishen, said the delegation has come to J-K with a clear mind.

“They (the members of the delegation) see opportunities in J-K. A businessman sees only profits and they see opportunities and profits here. For this, they have come here with a pure and clear cut mind to invest here and create jobs,” he said.