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J&K gov. signed MoU with Century Financial

Published on January 10, 2022
Current Context: The government of UT of Jammu and Kashmir signed MoU with Century Financial.
J&K gov. signed MoU with Century Financial
  • The MoU was signed to enhance current efforts to strengthen Hospitality & Tourism Industry in UT.
  • Century Financial is UAE’s pioneering financial services company.
  • In this MoU, Century Financial will be investing $100 million in J&K.
  • The funds will be used to construct 3 hotels and one commercial cum residential complex.
  • This will give a boost to the economic and policy reforms in UT and will uplift its Hospitality & Tourism Industry which is affected due to the global pandemic.
  • Static Part: 
    • Lieutenant Governor of J&K: Manoj Sinha

Question: 

Q.1 Which state/UT signed MoU with Century Financial to enhance current efforts to strengthen Hospitality & Tourism Industry?
a. Puducherry
b. Jammu and Kashmir
c. Kerala
d. Rajasthan
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