FHRAI signs MoU with J&K government to develop hospitality related infrastructure

Federation of Hotel & Restaurant Associations of India (FHRAI) has signed a Memorandum of Understanding (MoU) with the government of Jammu & Kashmir to promote hospitality and related infrastructure. The MoU was signed on December 27, 2021 at the Real Estate Summit 2021 jointly organised by the Government of Jammu & Kashmir, the Ministry of Housing and Urban Affairs, Govt. of India, and National Real Development Council at the Jammu Convention Centre. Thirty-nine MoUs were signed for the development of housing, hotel and commercial projects. Gurbaxish Singh Kohli, Vice President, FHRAI represented the hospitality industry at the event and signed the joint MoU for FHRAI. Union Minister for Housing & Urban Affairs Hardeep Singh Puri, graced the event which focussed on providing an effective platform to showcase potential real estate investment opportunities and intensive discussions were held on the policy and regulatory framework. 

“FHRAI is honoured to have received the opportunity to represent the hospitality industry. We thank the MoHUA, J&K government and NAREDCO for signing the MoU to develop hospitality and related infrastructure in the region. J&K is a promising venue with wonderful people and a hospitality friendly ecosystem. With this MoU, we look forward to strengthening further, the public-private partnership in the region to leverage on the enormous potential, the region has to offer for hospitality and tourism. We are hopeful this 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. New developments in hospitality will give a strong push to economic growth through increased investments and will create more employment opportunities in the region,” said FHRAI Vice President, Gurbaxish Singh Kohli.