Modi meets UAE business delegation in Kashmir

Modi meets UAE business delegation in Kashmir

NEW DELHI: Indian Prime Minister Narendra Modi has met a delegation from the UAE during his visit to Jammu and Kashmir to launch several large development projects.

"A short while ago, I got an opportunity to meet a delegation from the UAE and I had discussions with them," Modi said in a speech at Palli village in Samba district of the Union Territory. "The delegation is very excited about Jammu and Kashmir."

Modi said Jammu and Kashmir is in the process of attracting private investment worth Indian Rupees 38,000 crore (US$4.97 billion). "During the seven decades since India’s independence, only Rupees 17,000 crores (US$2.22 billion) in private investments were made in Jammu and Kashmir. But within the last two years, this figure has reached 38,000 crore Rupees (US$4.97 billion). Private companies are coming here for investments."

In 2019, the state of Jammu and Kashmir was divided into two Union Territories, Ladakh plus Jammu and Kashmir. A Union Territory is federally administered in part or wholly by the government of the Indian Union in New Delhi.

An Indian government statement released in New Delhi reiterated that before ascending the dais for his meeting in Palli village, Modi met the delegation from UAE. "The Prime Minister