In a first, Jammu and Kashmir Finance Minister Haseeb Drabu signs FDI MoU in Dubai

Jammu and Kashmir’s finance minister Haseeb A Drabu on Saturday signed the first ever Foreign Direct Investment (FDI) agreement with Dubai Ports (DP) group CEO Sultan Ahmed bin Sulayem  in Dubai.

The MoU was signed in the presence of Prime Minister Narendra Modi and crown prince of UAE, Mohamed bin Zayed at the Presidential palace.

“Very privileged to have signed the first-ever FDI MOU on behalf of the J&K govt with the @DPWorld in the presence of our PM & PM of UAE!” tweeted Drabu.

On February 7, the Jammu and Kashmir government and Dubai Ports Group inked a pact for a joint venture involving maiden Rs 1,500 crore foreign direct investment for setting up inland logistic hubs in Jammu and Srinagar capital cities.

Sultan Ahmed Bin Sulayem and his team held separate meetings with Finance Minister Haseeb Drabu and Industries Minister Chander Parkash Ganga, followed by delegation level parleys with the concerned ministers and officials.


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