UAE – India Economic Forum 2018 to focus on advancing strategic relations and bilateral trade
The Forum serves as a platform to further enhance UAE-India relations and discuss business and growth opportunities among the countries
DUBAI – October 20, 2018: The fourth edition of the annual UAE-India Economic Forum (UIEF), being staged in Dubai on October 24, 2018, is poised to explore the strengthening ties and bilateral trade relations between the two countries.
The UIEF is supported by the Telangana Chamber of Commerce and Industry and Gujarat Chamber of Commerce and Industry. The Forum, to be held at Habtoor Grand Resort in Dubai, will bring together over 350 delegates from the UAE and India.
The UIEF represents a new dawn in the multifaceted economic relationship between both the countries that share a vision to project the current US$ 40 billion bilateral trade to US$ 100 billion by 2020 according to reports. This can only be achieved with sustained efforts to constantly engage the key stakeholders, government authorities and investors in a dialogue which strengthens their faith in the establishment.
The top government and business leaders include His Highness Sheikh Hasher Maktoum Juma Al Maktoum, Director General, Dubai Information Department; H.E. Abdulla Ahmed Al Saleh, Undersecretary for Foreign Trade and Industry, Ministry of Economy; Maheshwaram Venkateshwarlu, President, Telangana Chamber of Commerce and Industry; Dr. Jaimin Vasa, President, Gujarat Chamber of Commerce and Industry, Mohamed Juma Al Musharrkh , Chief Executive Officer, Sharjah FDI Office “Invest in Sharjah”; Saud Alshawareb, Managing Director, Dubai Industrial Park; to name a few.
The UIEF will focus on the bilateral benefits of the increased collaboration in investment, trade, infrastructure, ports, banking, finance, and tourism between the UAE and India. The summit promises to provide exclusive insights into critical topics such as investments, tourism, banking and finance, renewable energy, real estate, and technology.
Commenting on the fourth edition of the UIEF, Ms. Alpana Roy, Executive Vice President at UMS Group, said, “We are glad to announce the fourth edition of the UAE India Economic Forum. The Forum is an established platform to discuss new policy framework and explore investment opportunities across industries between the UAE and India. In the recent years both countries have re-energized their bilateral trade relations with the recurring visits of their respective leaders to discuss the future of trade and investments. We are aware that the trading links between the UAE and India has existed since long.”
“The UAE enjoys broad and comprehensive economic relationship with India based on mutual interest. Another growing area of economic cooperation between two countries is investments. The UAE has invested over US$ 5 billion in India through FDI and foreign institutional investors, which makes it one of the leading investors in India. On the other hand, India is the third largest investor in UAE, Indian companies have contributed to the prominent projects in UAE. With both governments showing clarity in their vision to gain the most from this partnership, the ambitious goal of reaching USD 100 billion in trade by 2020 now seems achievable,” she added.
The UIEF represents an exclusive opportunity to network with industry and government leaders as they lay out the economic and trade goals of both countries to explore new opportunities and understand the policy frameworks and guidelines executed by both governments as they work hard to attract investors. The Forum also ensures opportunity to speak with select audience, meet relevant stakeholders and showcase leadership and expertise to the who’s who from the UAE and India to explore business opportunities.
The UAE and India share a common vision of progress and prosperity. In the first months of 2018 India’s total imports from the UAE grew by 2.3 per cent.