J&K L-G lays foundation stone of 1st direct foreign investment project

Rutuja Kedare Mar 20, 2023 0

On 19th March, the Lieutenant Governor of Jammu and Kashmir (J&K), Manoj Sinha, laid the foundation stone for the construction of a mega shopping mall in Srinagar’s Sempora area. 

The Dubai-based Emaar Group will be investing INR 250 crore in the project, which marks the first foreign direct investment in the Union territory. 

The Mall of Srinagar is expected to fuel economic growth in J&K and enhance bilateral trade and investment ties between India and UAE. 

The complex will span over 10 lakh SqFt and is expected to be completed by 2026, featuring more than 500 shops, making it one of the largest malls in the region.

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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.

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