Businesses from Indian-administered Kashmir eye new possibilities with UAE investment

Businesses from Indian-administered Kashmir eye new possibilities with UAE investment
Manoj Sinha, Lieutenant Governor of Jammu and Kashmir, attends the ground-breaking ceremony for the $60 million Mall of Srinagar by Dubai's Emaar Group on March 19, 2023. (Lieutenant Governor office)
Short Url
Updated 27 March 2023

Businesses from Indian-administered Kashmir eye new possibilities with UAE investment

Businesses from Indian-administered Kashmir eye new possibilities with UAE investment
  • Dozens of Emirati businessmen participated in an investment summit in Kashmir on March 19
  • Economic activity in the region has plunged since India revoked its special autonomous status in 2019

NEW DELHI: The first foreign investment in Jammu and Kashmir has ignited hopes for more opportunities in the restive Indian-administered region, local authorities and business leaders told Arab News, as Dubai’s Emaar Group is due to build a shopping mall and office complex in its largest city.

Dozens of Emirati businessmen participated in an investment summit organized by the UAE-India Business Council and the local government in Srinagar on March 19, where Emaar — Dubai’s largest listed developer — held the ground-breaking ceremony for the $60 million Mall of Srinagar.

“It was a historic India-UAE investor meet at Srinagar, which marked the new dawn of limitless possibilities. It was also a unique opportunity for free and frank exchanges of views on issues and opportunities for investment in the state of Jammu and Kashmir,” UIBC director general Mohsin Khan told Arab News.

“The constructive discussion, which was held on various sectors, particularly agricultural and allied sectors, hospitality, education, tourism and other industry sectors, will also explore and ground investment opportunities which will further strengthen our long-term partnership with (the) UAE and the rest of the Gulf countries,” said Khan.

Economic activity in Kashmir has plunged since the Indian government revoked its special autonomous status, and split it into two federally governed territories, promising security and reform in August 2019.

The Muslim-majority Himalayan territory is claimed in full but ruled in part by nuclear archrivals India and Pakistan, who have fought two wars over control of the territory. Indian-controlled Kashmir has for decades witnessed outbreaks of separatist insurgency to resist control from the government in New Delhi.

As Indian officials have tried for years to woo both domestic and foreign investors with little success, the latest development has sparked fresh hopes for business leaders in the region.

“We welcome the FDI investment meeting in Kashmir ... There is potential in lots of sectors. I hope more people will come for investment in Kashmir,” Javid Tenga, president of the Kashmir Chamber of Commerce and Industry, told Arab News.

He also saw the immediate employment creation potential in the region where the unemployment rate is about 15 percent — double India’s average.

“There is a big opportunity in the tourism and horticulture sectors,” Tenga said. “Obviously, jobs will be created and our young boys are looking for jobs.”

Indian Emirati-based multinational conglomerate LuLu Group, which will be the anchor tenant of the Mall of Srinagar, said it is already planning more activities in Kashmir.

“We have earmarked 250 crore rupees ($30 million) in the first phase of investment in Jammu and Kashmir in setting up a hypermarket inside the Mall of Srinagar, as well as setting up a food processing center there to export to the Gulf market,” LuLu marketing and communications director V. Nandakumar, told Arab News.

Since last year, the conglomerate has been importing saffron, apples and dry fruits from the region. “The work for the food processing center has already begun and it should be ready by another one year,” Nandakumar said.

“The current climate there is very conducive to investment not only to us but many other companies in India and outside India are showing keen interests.”


Over 1,400 migrants are rescued from overcrowded boats off Italy by coast guard

Over 1,400 migrants are rescued from overcrowded boats off Italy by coast guard
Updated 07 June 2023

Over 1,400 migrants are rescued from overcrowded boats off Italy by coast guard

Over 1,400 migrants are rescued from overcrowded boats off Italy by coast guard
  • There were 47 migrants, including two children in immediate need of medical care, aboard the sailboat in distress off the region of Calabria
  • The rescues began late Monday night and ended in the early hours of Wednesday in the Ionian Sea off Calabria's east coast

ROME: More than 1,400 migrants have been rescued from overcrowded vessels, including a sailboat, in four separate operations in the Mediterranean Sea off southern Italy, the Italian coast guard said Wednesday.
There were 47 migrants, including two children in immediate need of medical care, aboard the sailboat in distress off the region of Calabria, in the “toe” of the Italian peninsula, a coast guard statement said. They were rescued by a coast guard motorboat early Tuesday.
The statement said the rescues began late Monday night and ended in the early hours of Wednesday in the Ionian Sea off Calabria’s east coast. One coast guard vessel took on around 590 migrants from aboard a fishing boat, and then later brought on around 650 migrants from another fishing boat, the statement said.
A coast guard motorboat and an Italian border police ship came to the assistance of a fourth vessel, with 130 migrants aboard.
Authorities didn’t immediately give details on the nationalities of the passengers or routes taken by the migrant vessels. But generally, many boats with migrants sighted off the Ionian Sea set out from Turkiye’s coast, where smugglers launch crowded and unseaworthy boats.
Earlier this year, a migrant boat navigating on that route slammed into a sandbank just off a Calabrian beach town and broke apart. At least 94 migrants perished and 80 others survived.
That shipwreck is under criminal investigation, including the role of several members of Italy’s border police corps, which operates vessels off the country’s long coastline. Four suspected smugglers have been arrested.
In addition, prosecutors want to know if rescue efforts could have been launched hours earlier. Italian border police boats reportedly turned back to port because of rough seas, and by the time a coast guard vessel, better equipped to navigate in poor sea conditions, reached the area, bodies were already in the water. In that case, the migrant boat had been spotted hours earlier by a surveillance aircraft operated by Frontex, the European Union’s border monitoring force.
Wednesday’s statement by the coast guard said that crew on a Frontex surveillance plane had spotted a fishing boat with the 590 migrants aboard. A Frontex patrol boat and a Frontex support vessel were among the assets involved in the rescue operations for the two fishing boats, according to the coast guard.
Alarm Phone, a nongovernmental organization that frequently receives satellite calls from migrant vessels in distress and relays the information to maritime authorities in Italy and Malta, was among the organizations signaling the need for rescue for the 130 people aboard the fourth boat.


Erdogan proposes destroyed dam probe in Zelensky call

Erdogan proposes destroyed dam probe in Zelensky call
Updated 07 June 2023

Erdogan proposes destroyed dam probe in Zelensky call

Erdogan proposes destroyed dam probe in Zelensky call
  • Moscow and Kyiv have traded blame for the destruction of Kakhovka hydroelectric dam
  • President Erdogan said that a commission could be established with the participation of experts from the warring parties, the United Nations and the international community

ISTANBUL: President Recep Tayyip Erdogan on Wednesday proposed, in a call with his Ukrainian counterpart, creating an international commission to probe the destruction of a major dam in southern Ukraine, his office reported.
Moscow and Kyiv have traded blame for the destruction of Kakhovka hydroelectric dam, which was ripped open early Tuesday after a reported blast.
“President Erdogan said that a commission could be established with the participation of experts from the warring parties, the United Nations and the international community, including Turkiye, for a detailed investigation into the explosion at Kakhovka dam,” his office said after the call with Ukrainian President Volodymyr Zelensky.
The Kakhovka dam sits on the Dnipro River, which feeds a reservoir providing cooling water for the Russian-occupied Zaporizhzhia nuclear power station, Europe’s largest, some 150 kilometers (90 miles) upstream.
The destruction of the dam caused torrents of water to pour into the Dnipro, pushing thousands of civilians to flee the flooded areas while raising fears of an ecological disaster.
NATO member Turkiye, which has good ties with Moscow and Kyiv.


Marcos to strengthen ties with countries hosting Filipino workers

Marcos to strengthen ties with countries hosting Filipino workers
Updated 07 June 2023

Marcos to strengthen ties with countries hosting Filipino workers

Marcos to strengthen ties with countries hosting Filipino workers
  • Philippines celebrates Migrant Workers’ Day every June 7
  • Overseas ‘heroes’ are key drivers of the Philippine economy

MANILA: Philippine President Ferdinand Marcos Jr. announced on Wednesday his administration would foster stronger ties with countries that host overseas Filipinos to ensure their safety and welfare.

Nearly 2 million migrant workers are key drivers of the Philippine economy and a main source of the country’s foreign reserves.

Often referred to as “modern-day heroes,” Marcos said overseas Filipinos “fuel the engine of progress” in the Philippines. They sent around $36 billion in personal remittances last year, making up about 8.9 percent of the country’s gross domestic product, according to central bank data.

“We understand the challenges that you faced being far from your loved ones, adjusting to new cultures and overcoming barrier(s),” Marcos said in a video message broadcast to mark Migrant Workers’ Day in the Philippines.

“That’s why this administration will continue to foster stronger ties with countries that host our migrant workers, ensuring safety, welfare and well-being.”

Nearly a quarter of overseas Filipinos, or OFWs, work and live in Saudi Arabia, followed by the UAE, Hong Kong, Kuwait, Singapore and Qatar.

“In every corner of the globe, you have left an indelible mark that uplifted both your host countries and our nation in the process,” Marcos said, adding that their sacrifices had “nurtured dreams, elevated livelihoods, and fueled the engine of progress” in the Philippines.

The Philippines celebrates Migrant Workers’ Day every June 7 in commemoration of enacting the 1995 Migrant Workers’ Act, which introduces standards for the protection and welfare of those working abroad, their families and overseas Filipinos in distress.

In 2021, former president Rodrigo Duterte signed a law establishing the Department of Migrant Workers, which is tasked with overseeing policies protecting OFWs.

The DMW’s Secretary Susan Ople announced on Wednesday training and mentorship programs for OFWs with the Department of Trade and Industry to help Filipino migrant workers start their own businesses once they return to home.

“Our OFWs contribute to our economy through their dollar remittances but at some point in their lives, they would also need to come home and create sustainable sources of income through entrepreneurship, sound investments or by landing a better job here at home,” Ople said.

“We want them to come back with excitement in their hearts on what the future holds for them and their families, through meaningful partnerships across the government bureaucracy and with NGOs and private companies serving as their mentors and cheerleaders.”


Poll suggests most Asian, Black people in UK face regular discrimination

Protesters with banners and placards march from Toxteth into central Liverpool in support of the Black Lives Matter movement.
Protesters with banners and placards march from Toxteth into central Liverpool in support of the Black Lives Matter movement.
Updated 07 June 2023

Poll suggests most Asian, Black people in UK face regular discrimination

Protesters with banners and placards march from Toxteth into central Liverpool in support of the Black Lives Matter movement.
  • Majority of respondents say Britain needs to make more progress on racial issues over next 25 years

LONDON: A new report has revealed that more than two-thirds of Black and Asian people in the UK face racial discrimination in their daily lives, the Metro reported.

The study by British Future, a think tank, explored British public attitudes on race, identity, and bias, using polling data covering almost 2,500 people, including 1,000 from an ethnic minority background.

The polling was conducted by Focaldata in March and April.

Though 80 percent of ethnic minority participants said that the UK was a better place to live for minorities than the US, Germany, and France, 67 percent said that they still faced discrimination in Britain on a daily basis.

When White British participants were asked if the UK was a better place to live for minorities compared to other major Western countries, 73 percent reckoned the statement was true while 27 percent did not.

But when asked if it was easier to “get on” in Britain if you were white, 48 percent of white British respondents and 60 percent of ethnic minority participants said that they believed it was.

And more than half of all respondents said that Britain’s political and media culture had become more divisive and polarized, including on racial issues, which two-thirds of people said should involve a less-heated debate.

On Britain’s progress on racial issues over the last 25 years, 68 percent of ethnic minority participants and 71 percent of white respondents said that the country had made “significant” changes.

However, a majority of all respondents — 64 percent of white Britons and 80 percent of minority groups — agreed with the statement that Britain “needs to make much more progress on race in the next 25 years.”


Attacks by suspected militants in Burkina Faso kill 21

Attacks by suspected militants in Burkina Faso kill 21
Updated 07 June 2023

Attacks by suspected militants in Burkina Faso kill 21

Attacks by suspected militants in Burkina Faso kill 21
  • Burkina Faso struggling with a militant insurgency that swept in from neighboring Mali in 2015
  • Nearly a third of the country lies outside the government’s control, according to official estimates

OUAGADOUGOU: Twenty-one people, most of them members of the security forces, have been killed in Burkina Faso in attacks by suspected militants, security sources said on Wednesday.
Fourteen members of the VDP volunteer militia and four soldiers died on Monday in Sawenga in central-eastern Burkina, while five were wounded, a source said.
Another security source confirmed the toll, saying that the clash occurred during an operation to secure the area, and that “more than 50 terrorists were neutralized” in an airborne counter-attack.
Separately, a police source said a policeman and two civilians were killed on Monday night in an attack on a police border post at Yendere, on the southwestern frontier with Ivory Coast.
A trucker in the area confirmed the attack, adding that many local people had already fled into Ivory Coast because of militant incursions.
Ivory Coast hosts around 18,000 Burkinabe refugees, more than double the tally for 2022, according to the UN’s refugee agency.
One of the poorest and most troubled countries in the world, Burkina is struggling with a militant insurgency that swept in from neighboring Mali in 2015.
Nearly a third of the country lies outside the government’s control, according to official estimates.
More than 10,000 civilians, troops and police have died, according to an NGO count, while at least two million people have been displaced.
Anger within the military at failures to roll back the insurgency sparked two coups last year, culminating in the ascent of a young army captain, Ibrahim Traore.
The junta has ruled out any negotiations with the militants.
It is staking much of its anti-militant strategy on the VDP — the Volunteers for the Defense of the Fatherland militia.
The force comprises civilian volunteers who are given two weeks’ military training and then work alongside the army, typically carrying out surveillance, information-gathering or escort duties.
Since its inception in December 2019, the VDP has suffered hundreds of casualties, especially in ambushes or roadside bombings.
Despite the losses, the authorities launched a successful recruitment drive last year, encouraging 90,000 people to sign up, far exceeding the target of 50,000.