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Major corporate houses to enter market of Jammu and Kashmir

Last Updated on December 25, 2021 at 7:08 pm

Ever since administration of Jammu and Kashmir allowed investment from outside, several proposals have been received from various corporate companies. To name few corporate groups such as Medanta, Apollo and Haldiram are going to sign non binding Memorandums of Understanding (MoUs) with J&K government on December 27.

As per reports, MoUs will be signed by Industries & Commerce Department for establishment of hospitals in Jammu and Kashmir by Medanta and Apollo Groups. The Department will also sign MoU with Haldiram for establishment of its Units.

 In the presence of Union Minister of Housing and Urban Affairs Hardeep Singh Puri, Union Minister of State in the PMO, Jitendra Singh, J&K Lieutenant Governor Manoj Sinha and various other top bureaucrats, MoUs will be signed.

As per official figures, Jammu and Kashmir has attracted Rs 31,000 crore worth investment proposals and more than half of them have been approved. Government is looking forward for many more such proposals soon.