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FRUITFUL PARTNERSHIPS TO PROPEL UAE-INDIA TIES

UAE minister urges Indian private sector to seize growth opportunities

by Blitz India Media
January 1, 2024
in Dubai
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UAE
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Team Blitz India

UAE Minister of Economy and Chairman of Investopia Touq Al Marri has urged the Indian private sector to seize growth opportunities in the UAE, a crucial link connecting the East and West and serving as a global trade hub.

Addressing the “Investopia UAEIndia” global dialogues, held in partnership with the Confederation of Indian Industry (CII) under the theme “Accelerating UAE-India Investment,” on December 19, Touq Al Marri expressed confidence in the shared visions and strategies for expanding into new economic sectors.

He emphasised that fruitful partnerships led by the private sectors of the UAE and India could propel bilateral relations towards advanced prospects and prosperity.

Al Marri highlighted the steady growth in economic relations between the UAE and India, resulting in enhanced vitality of trade and investment flows in their markets and various regional and global markets. This economic cooperation, he noted, creates business and investment opportunities for a population of over 3.8 billion.

Emphasising the UAE’s pioneering economic experience in transitioning towards a new model based on knowledge and innovation, Al Marri outlined the expansion into sustainable sectors such as environmental protection, circular economy applications, and clean energy. He also discussed legislative developments, including the granting of 100% foreign ownership for companies and investors in key economic sectors.

Al Marri underscored Investopia’s ambitious vision to stimulate investment and expansion into new and sustainable economic sectors. The initiative, launched in partnership with the Confederation of Indian Industry, sets a roadmap for advancing investment in future economies and enhancing the benefits for both the UAE and Indian business communities.

Al Marri affirmed that Investopia’s global dialogues align with the strategic direction of the “We the UAE 2031” vision, aiming to transform the country into a global hub for the new economy in the next decade.

The event featured five panel discussions aimed at stimulating investment in new economic sectors, technology, tourism, family businesses, e-commerce, and innovation.

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