The 5 billion rupee development will include a shopping mall and multi-purpose commercial tower in Srinagar, the capital of the Muslim-majority Himalayan region, Emaar announced at an investment summit in the city.
Governments have long tried to woo investors, both domestic and foreign, but with little success due to the three-decade insurgency in a region claimed by both India and Pakistan.Emaar Properties“This is the start, we should inspire people, people should aspire to follow us. This is a one million square feet mall with 500 shops and will generate around 7,000 to 8,000 jobs,” Jain said after the ground-breaking ceremony for the "Mall of Srinagar".
Top administrator Manoj Sinha said the project had infused confidence in foreign investors and would boost the region's economy.
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Removal of article 370 is paving the way for development of jnk
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