Summit to discuss UAE-India investments

01 October 2017

The status of the flow of investment and the strategic partnership between the UAE and India will be the focus of a summit in Dubai, this month.

The two-day India-UAE Partnership Summit (IUPS), at the Armani Hotel, Burj Khalifa, on October 30 and 31, will be attended by more than 800 delegates from India and the UAE, including top government officials, private entrepreneurs and business leaders belonging to Corporate UAE and Corporate India, said a statement.

Governments of India and the UAE, through various agencies and departments, are closely working to substantially augment the trade and investment relations between the two countries.

The relations between the two countries are at an upswing following the exchange of visits at the highest levels in the past two years.

Indian Prime Minister Modi paid a historic visit to UAE in August 2015 and HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and the Deputy Supreme Commander of the UAE Armed Forces, visited India in 2016 and 2017. During his visit the two countries elevated their relationship to comprehensive strategic partnership.

The two sides also signed 14 agreements and it was envisioned that UAE would invest $75 billion in to India. Prime Minister Modi and Sheikh Mohammed bin Zayed Al Nahyan also set a target of 60 per cent increase in bilateral trade in the next five years.

India and UAE have been working closely to enhance their cooperation in a range of fields to realise the vision of their leaderships. There has been regular exchange of high level visits in the past few months. For instance, India’s MOS for Food Processing Industries Sadhvi Niranjan Jyoti visited UAE in August 2017 and UAE’s MOS for Foreign Affairs Anwar Gargash also paid a visit to India at the same time, the statement said.

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