June 25, 2019

UAE keen to invest in food processing, tourism and infrastructure

UAE keen to invest in food processing, tourism and infrastructure

            ?        Rs. 1000 crore MoU signed for development of luxury resort

                  Vijyender Sharma

SHIMLA-----    Chief Minister Jai Ram Thakur held a meeting with Secretary General of Ministry of Economy, United Arab Emirate (UAE)   Jamal Al Jarwan at Dubai today.

            The Chief Minister apprised the Secretary General regarding immense investment potential available in the State in various sectors like food processing, logistics, tourism and power etc.

            Shri Jamal said that UAE was looking at India for investment in food processing, logistics and infrastructure. He appreciated that currently India and UAE are doing 60 billion dollar trade and the UAE Government was endeavouring to make it to 100 billion dollars. He said that the Government of UAE was investing in infrastructure and explained about surplus sovereign funds of UAE and how UAE was looking at possible investment opportunities.

            He explained about various investments in Abu Dhabi and Dubai area and also confirmed that UAE would participate in Global Investors Meet being held at Dharamshala in Himachal Pradesh.

            Chief Minister also met Chief Executive Officer Jafza and DP World Mohammed Al Muallem.

            Shri Muallem said that his group was seriously looking forward to invest in Himachal Pradesh particularly in the areas of logistics and transportation besides export and import of agriculture and horticulture produce.

            Several MoUs were signed in the presence of the Chief Minister between State Government and different entrepreneurs. MoU was signed with M/s MKS Group for investment in naturopathy resort worth Rs. 100 crore and affordable housing worth Rs. 150 crore.

            Another MoU was signed between Himachal Government and UAE India Business Council for highlighting investment opportunities in the State and facilitating UAE investments in the State. UAE India Business Council is the official joint business council set up by Government of India and UAE for promoting economic synergy between UAE and India.  

            Yet another MoU was signed between the State Government and Executive Chairman and CEO, IMEA-TIFF and Executive Chairman and CEO DMCC Ahmed Bin Sulayem to strengthen and expand existing capacities in agriculture and food sector. Mutual cooperation, bilateral delegations, bilateral trade and investments are some of the activities that would be part of the MoU.

            Delegation of the State also held a meeting with CEO Nilgiri Trading Chandershekhar Bhatia. MoU was signed between the State Government and  Nomisma, Banking and Financial Advisory, Nilgiri Trading for development of luxury resort with prime focus on destination wedding for an amount of Rs. 1000 crore.

            Industries Minister Bikram Singh, Additional Chief Secretaries Dr. Shrikant Baldi, Manoj Kumar and Ram Subhag Singh, Director Industries Hans Raj Sharma, Special Secretary Abid Hussain Sadiq, Principal Private Secretary to Chief Minister Vinay Singh, representatives of CII, Himachal Pradesh were also present on the occasion among others.



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