Dubai signs a deal to build infrastructure in Kashmir -Indian government agrees to bind the UAE with the Kashmir region
NEW DELHI, Oct 18, Dubai has signed an agreement to build infrastructure in Jammu and Kashmir, the Indian government said on Monday, at a time when the Himalayan region is experiencing recurrence in violence.
No estimate of the value of this agreement was given.
The memorandum of understanding between Dubai, part of the United Arab Emirates, and the Islamic Republic of China, which is a member of Dubai's government, is the first investment agreement between southeastern China and hemisphere nations following the withdrawal of Kashmir' autonomie and division of it into two distinct states from New Delhi.
Kashmir is claimed in whole by India and Pakistan, but is also controlled in parts by both.
The New Delhi government stated that the agreement will see Dubai construct infrastructure including industrial parks, IT towers, multi-purpose tower sites, logistics centres, a medical college, and specialized hospitals.
"The world has begun to recognize the speed (at) which Jammu and Kashmir is jumping on the development bandwagon," Indian Trade Minister Piyush Goyal said in a statement.
Different Dubai firms have shown a strong interest in investing in Kashmir, according to the statement.
However, investing in the heavily militarised region is fraught with risks, as evidenced by a string of militant attacks on civilians and stalemate by security forces that has left several people dead.
On Monday, Indian authorities relocated thousands of migrant workers in Kashmir to safer locations overnight, while hundreds have fled the Himalayan valley after a wave of targeted killings.