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The UAE's aggressive approach to bolster its trade ties with its top trading partner India seems to have further deepened as both nations have now moved from policy formation to practically implementing in action to see the figures grow many fold by introducing initiatives that cement bilateral ties.
The Institute of Directors (IOD) annual conference in Dubai affirmed under the session 'Global business meet: a spectrum of opportunities' pitching for greater trade and investment ties that current year will offer investment and trade relations opportunities on both sides to witness exponential growth.
"IOD does a great job of corporate governance as 3.3 million Indians are constantly connected to developments in India. The UAE offers a wider platform to the entire Mena region and that has benefitted Indian businesses to tap this gateway," Vipul, Consul-General of India in Dubai.
Held under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of State for Tolerance, the event is being held in collaboration with the UAE Ministry of Economy and the Consulate-General of India Dubai, in association with Khaleej Times.
The India economic growth is expected to pick up pace next year while the global economy is forecast to slow, the International Monetary Fund recently said.
India's GDP is forecast to expand 7.5 per cent in fiscal year 2020 and 7.7 per cent in fiscal year 2021. India today seeks more investments from the UAE in the key areas and is exploring more trade ties in energy sector.
In a special address by Zulfiquar Ghadiyali, CEO - Private Office of Sheikh Tahnoon bin Saeed bin Tahnoon Al Nahyan, said that the UAE is blessed with a strategic location between the east and west, with state-of-the-art infrastructure and a variety of business premises. The sound economic policies formulate the basis for its buoyant economic outlook and also most of the policies centre on reforms and improvements for facilitating the trade and business by foreign companies.
"Bilateral investments between the two countries are expected to surge over the coming months, with respective governments promoting such investments. The trade between the two countries adds up to $53 billion; the UAE is India's third largest trading partner; India is the largest trading partner for the UAE. It is an ideal time for the bilateral engagement between UAE and India. UAE-India relations are on a faster and stronger track, and leaders on both sides are determined to make their partnership a game-changer in global trade," added Ghadiyali.
Expo 2020 a game-changer
Expo 2020 ticking all the boxes on project side. Also, it is curating a chance to learn, innovate and build a better future together.
It is also an opportunity to expose young people from across our region to new ideas, cultures and experiences from every corner of the world, expanding their future possibilities and instilling hope and optimism. It invariably is looking to encourage and organise local production and is catalytic to the promotion of local manufacturing.
The Made in UAE label is amplifying innovation and investment into manufacturing and smart investments to the whole of Mena region which are contributing to economic growth by relying on locally produced materials and on local skills and knowledge in the emirates, informed Ghadiyali.
Affirming the growing ties between the two nations, Khaleej Times has been at the forefront of delivering the news that keeps the readers abreast of real time news developments. Vicky Kapur, executive editor of Khaleej Times, made a special address to the audience attending the IOD conference.
The session also had a special address delivered by J. S. Ahluwalia, president, IOD India; Dilip V Gawade, IAS, director, Maharashtra Tourism Development Corporation, Maharashtra; and Amar Anand, founder and chief investment officer of Auroville Investment Management; and Nimish Makvana, honorary director-UAE Chapter, IOD India and and senior partner, Crowe MAK - UAE, Past Chairman ICAI - Dubai extended the vote of thanks to the audience.
https://www.khaleejtimes.com/uae-india-set-to-enjoy-exponential-growth
The Institute of Directors (IOD) annual conference in Dubai affirmed under the session 'Global business meet: a spectrum of opportunities' pitching for greater trade and investment ties that current year will offer investment and trade relations opportunities on both sides to witness exponential growth.
"IOD does a great job of corporate governance as 3.3 million Indians are constantly connected to developments in India. The UAE offers a wider platform to the entire Mena region and that has benefitted Indian businesses to tap this gateway," Vipul, Consul-General of India in Dubai.
Held under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of State for Tolerance, the event is being held in collaboration with the UAE Ministry of Economy and the Consulate-General of India Dubai, in association with Khaleej Times.
The India economic growth is expected to pick up pace next year while the global economy is forecast to slow, the International Monetary Fund recently said.
India's GDP is forecast to expand 7.5 per cent in fiscal year 2020 and 7.7 per cent in fiscal year 2021. India today seeks more investments from the UAE in the key areas and is exploring more trade ties in energy sector.
In a special address by Zulfiquar Ghadiyali, CEO - Private Office of Sheikh Tahnoon bin Saeed bin Tahnoon Al Nahyan, said that the UAE is blessed with a strategic location between the east and west, with state-of-the-art infrastructure and a variety of business premises. The sound economic policies formulate the basis for its buoyant economic outlook and also most of the policies centre on reforms and improvements for facilitating the trade and business by foreign companies.
"Bilateral investments between the two countries are expected to surge over the coming months, with respective governments promoting such investments. The trade between the two countries adds up to $53 billion; the UAE is India's third largest trading partner; India is the largest trading partner for the UAE. It is an ideal time for the bilateral engagement between UAE and India. UAE-India relations are on a faster and stronger track, and leaders on both sides are determined to make their partnership a game-changer in global trade," added Ghadiyali.
Expo 2020 a game-changer
Expo 2020 ticking all the boxes on project side. Also, it is curating a chance to learn, innovate and build a better future together.
It is also an opportunity to expose young people from across our region to new ideas, cultures and experiences from every corner of the world, expanding their future possibilities and instilling hope and optimism. It invariably is looking to encourage and organise local production and is catalytic to the promotion of local manufacturing.
The Made in UAE label is amplifying innovation and investment into manufacturing and smart investments to the whole of Mena region which are contributing to economic growth by relying on locally produced materials and on local skills and knowledge in the emirates, informed Ghadiyali.
Affirming the growing ties between the two nations, Khaleej Times has been at the forefront of delivering the news that keeps the readers abreast of real time news developments. Vicky Kapur, executive editor of Khaleej Times, made a special address to the audience attending the IOD conference.
The session also had a special address delivered by J. S. Ahluwalia, president, IOD India; Dilip V Gawade, IAS, director, Maharashtra Tourism Development Corporation, Maharashtra; and Amar Anand, founder and chief investment officer of Auroville Investment Management; and Nimish Makvana, honorary director-UAE Chapter, IOD India and and senior partner, Crowe MAK - UAE, Past Chairman ICAI - Dubai extended the vote of thanks to the audience.
https://www.khaleejtimes.com/uae-india-set-to-enjoy-exponential-growth
