J&K gets first FDI project – ‘Mall of Srinagar’ by Emaar

A year after the CEO’s of several gulf countries visited Kashmir to explore investment opportunities, the ground-breaking ceremony of the valley’s biggest mall marked the entry of foreign investors into the Union Territory. Jammu and Kashmir Lt Governor Manoj Sinha performed ‘Bhumi Pujan’ of the million square feet mall to be set by the UAE-based Emaar group, the makers of Dubai Mall and Burj Khalifa, at Sempora in the outskirts of Srinagar. According to the J&K government, it is the …