`Century Financial’ to invest $100 million in J&K; to set up 3 hotels, 1 commercial complex


J&K government on Friday signed an MoU with UAE’s pioneering financial services company, `Century Financial’ in a bid to strengthen the hospitality and tourism Industry in the union territory. The company will invest $100 million and set up three hotels and one commercial-cum-residential complex in the Union Territory. The MoU was signed in a special event presided by Lieutenant Governor, Manoj Sinha.

Century Financial is owned by Bal Krishen, a son of the soil who hails from the Doda district.

The MoU was signed by Principal Secretary, Industries Ranjan Prakash Thakur, and Bal Krishen in presence of Aman Puri, Consul General of India in Dubai, and several distinguished UAE-based business owners, investors, and entrepreneurs.

Speaking on the occasion, Lieutenant Governor, Manoj Sinha said: “Honorable Prime Minister Shri Narendra Modi is committed to the development of the Union Territory of Jammu & Kashmir. We are happy to see the interest shown by UAE’s big business houses and leaders in supporting this vision of our honorable Prime Minister. Global business & industry are waking up to the vistas of opportunity in J&K.”