If there's heaven on earth-it's hands down the state of Kashmir. With its unparalleled beauty, J&K is a state waiting to be explored by travellers around the world. The state has a lot to offer – from the best of export quality apples and walnuts, and mesmerising views of Pahalgam, Gulmarg, Sonmarg and the Shikara Boat Ride at Dal Lake in Srinagar. And if all this beauty wasn't enough, the state is now getting an Infrastructure Revamp, as a result of the MOU signed by the Indian Government and Dubai for real estate development!
Dubai has signed an accord to build infrastructure in Indian occupied Kashmir, at a time when the region is seeing a resurgence in violence. However, no value of the accord has been made public.
The memorandum is the first investment agreement by a foreign government in the sensitive region following the stripping of Kashmir's autonomy and the division of the Muslim-majority state into two territories directly ruled from New Delhi.
The agreement will see Dubai building infrastructure including industrial parks, IT towers, multi-purpose towers, logistics centres, a medical college and a speciality hospital. As per reports, different entities from Dubai had shown keen interest in investment in Kashmir.
What is in it for the locals?
Jammu and Kashmir is traversing on the development bandwagon and it is good news for all of us as this immensely helps with major developments. This will also help the locals to look at new ways of economy and growth and open routes for business travel in the valley.
Students would not need to travel across the country for higher studies or jobs and this will open up doors for the entire country to start living and working in Kashmir, making it, even more, travel friendly.