NEW DELHI – Dubai has entered a deal with the Indian government to buildinfrastructure in the Indian Illegally Occupied Jammu and Kashmir.
The announcement was made by the Modi government on Monday amid risingviolence in the occupied territory. It has not shared the details about thevalue of the accord yet.
The agreement by Dubai, one of the seven emirates of the UAE, marks thefirst foreign investment in the restive region since the Indian governmentstripped the region of its autonomous status.
Dubai, as per the agreement, will establish infrastructure includingindustrial parks, IT towers, multipurpose towers, logistics centres, amedical college and a specialty hospital.
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“The world has started to recognise the pace [at] which Jammu and Kashmiris traversing on the development bandwagon,” Indian Trade Minister PiyushGoyal said in a statement.
He said that various Dubai-based firms had shown interest in investment inoccupied Kashmir.
