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Jammu and Kashmir, Dubai Ports sign MoU for developing inland hubs

The Jammu and Kashmir government and Dubai Ports Group have reportedly signed an agreement for a joint venture involving Rs 1,500 crore foreign direct investment for setting up inland logistic hubs in Jammu and Srinagar capital cities. 

The agreement was finalised at the delegation level talks between Dubai Ports Group (DP World) Chairman Sultan Ahmed Bin Sulayem -led DP team and Jammu and Kashmir Finance Minister Haseeb Drabu-led state government team, informed an official spokesman.

According to media report, 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. 

Commerce Minister Chander Parkash Ganga, Principal Secretary Finance, Navin Kumar Choudhary, Principal Secretary Industries, Shailendra Kumar and other officials of the concerned departments were present at the delegation-level meeting, which deliberated in detail on the parameters of the MoU. 

The MoU is to be subsequently signed by the Government of India with the Government of UAE to facilitate setting up the first inland logistics hub in Jammu and Kashmir.

To begin with, 100 acres of land would be offered by the state government near Railway Station Samba as equity in the joint venture for setting up the logistics hub in Jammu region and around 100 acres of land would be earmarked near Ompora, Budgam for a similar facility in Kashmir, the spokesman said. . 

 The logistics hub will include two dry ports, warehouses, cold storage chain, controlled atmospheric stores and supply chain to transport commodities and products including horticulture and agriculture produce, handicrafts and industrial products from the state directly to the markets throughout the world.
 

This facility will reduce the high cost of transportation of goods and products since they have to get almost everything in trucks from outside world.  

"If we get a dry port and cold chain, the commodities can move through an integrated transport chain. This will bring down the cost of transportation by 20 per cent to 25 per cent giving a major fillip to the state economy," said Drabu. 

He said a dry port, also called an inland port or multimodal logistics centre, is an inland terminal connected to a seaport by rail or road. 

It serves as trans-shipment point in transport of export/import goods and is named so because it is very similar to a seaport in services it offers except that it is not near a sea. 

Dubai Ports is operating 78 marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. 

 


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