CURRENT AFFAIRS

Detailed explanation-1: -UAE-based retail major Lulu group on Thursday said it will invest Rs 200 crore in Jammu & Kashmir to set up a food processing and logistic hub. The Lulu group signed a memorandum of understanding (MoU) with the J&K government in this regard, the company said in a statement.

Detailed explanation-2: -Large orchards in the Vale of Kashmir produce apples, pears, peaches, walnuts, almonds, and cherries, which are among the union territory’s major exports. In addition, the vale is the sole producer of saffron in the Indian subcontinent.

Detailed explanation-3: -The natural beauty and picturesque locations have made it a favoured destination for tourists across the world. Jammu is famous for its temples, while Kashmir Valley is known for its lakes and gardens. J&K has agro-climatic conditions best suited for horticulture and floriculture.

Detailed explanation-4: -Food processing is the transformation of raw ingredients into food, or of food into other forms (ie. food processing may denote direct manufacturing of food or value addition on existing food).

Detailed explanation-5: -The fruit crops grown in the state are apple, almonds, walnuts, pears, cherries and apricots in temperate areas and mango, citrus, litchi, papaya, guava etc. in subtropical areas. Saffron cultivation in Jammu and Kashmir is unique in the world.