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J&K govt signs 39 MoUs with real estate investors to enhance industrial growth

Last Updated on December 27, 2021 at 5:22 pm

Jammu and Kashmir government on Monday has signed 39 Memorandums of Understanding (MOUs) with big corporate groups and real estate investors as well as a food chain for the growth and development of the UT.

Also, country’s top health care companies are also to sign MoUs soon for building up a strong health care system. J&K government has attracted investment worth Rs. 18,300 crore for the development of housing and commercial projects.

Lieutenant Governor Manoj Sinha said that it is a massive step towards the development and growth of the region.

He further said that the government will consider reducing stamp duty on registration of properties and a portal having easy systems in a single step will be setup for faster project approval.  He said that 39 MoUs have been signed today worth Rs. 18,300 crore. He further ensured that these projects will bring various job opportunities as well in J&K.

The MoUs were signed in the presence Lieutenant Governor Manoj Sinha, the Union Minister of Housing & Urban Development Hardeep Singh Puri and the Minister of State in Prime Minister’s Office Dr Jitendra Singh.