Jammu and Kashmir eyeing Dubai-based groups for funds
The Hindu
JSW, Apollo Hospitals buy land in the UT
The Lieutenant-Governor’s administration in Jammu & Kashmir is pushing hard to convince Dubai-based investors to explore investment possibilities in the Union Territory, even as JSW Steel Ltd. and Apollo Hospitals Enterprise Ltd. became the first major corporations to buy land for their projects after the reading down of Article 370 in 2019.
The possession of 70 kanals of land (8.75 acres) has already been handed over to JSW Steel Ltd. in Pulwama’s Lassipora industrial area to set up a ₹150-crore steel plant, officials in the J&K Industries and Commerce Department said. Sources said around half of the land will be used for landscaping. The project is to cater to the local demand only, and is likely to emerge as the top player in the sector.
A team from Apollo Hospitals, which is setting up a 250-bed super speciality hospital in the Jammu region, has identified a few “feasible locations” in and around Jammu district for its project. The L-G administration has already earmarked 100 kanals (12.5 acres) at Jammu’s Miran Sahib for a medi-city, which will accommodate the country’s top health sector corporates to invest here.
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