Latest News | FHRAI Signs Pact with J&K Govt to Promote Hospitality, Related Infra in UT

New Delhi, Jan 6 (PTI) The Federation of Hotel & Restaurant Associations of India (FHRAI) on Thursday said it has signed a pact with the Jammu & Kashmir government to promote hospitality and related infrastructure in the Union Territory.

According to FHRAI, this is the first time in history that a joint MoU has been signed between an association of hotels and restaurants and the J&K state government.

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The MoU was signed on 27 December 2021 at the Real Estate Summit 2021.

Thirty-nine MoUs were signed for the development of housing, hotel and commercial projects, FHRAI stated.

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FHRAI Vice-President Gurbaxish Singh Kohli said, "We are hopeful that this (MoU) will facilitate the J&K Government providing land to FHRAI members for various projects and extending incentives and other benefits as per extant policies and rules."

He observed that new developments in hospitality will give a strong push to economic growth through increased investments and will create more employment opportunities in the region. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)