IUPS to boost eco­nomic sec­tors

TravTalk - Middle East - - FRONT PAGE - She­hara Ri­zly

In­dia-UAE Part­ner­ship Sum­mit is seg­mented into a num­ber of brain­storm­ing busi­ness ses­sions and panel dis­cus­sions on cur­rent top­ics, while min­is­ters of the five In­dian states — As­sam, Delhi, Puducherry, Pun­jab and West Ben­gal — will present in­vest­ment op­por­tu­ni­ties in key projects within the states

The sec­ond edi­tion of the In­dia-UAE Part­ner­ship Sum­mit (IUPS) is set to take place from Oc­to­ber 30-31, 2018 at At­lantis the Palm, Dubai with min­is­te­rial ses­sions be­tween the two na­tions. The ob­jec­tive is to fa­cil­i­tate the pri­vate sec­tor part­ner­ship in di­verse ar­eas.

The sec­ond edi­tion of In­di­aUAE Part­ner­ship Sum­mit is sched­uled to be held at At­lantis the Palm, Dubai from Oc­to­ber 30-31, 2018. The ob­jec­tive of the sum­mit is to fa­cil­i­tate the pri­vate sec­tor part­ner­ship in di­verse ar­eas. Speak­ing at a press con­fer­ence, HE Navdeep Suri, High Com­mis­sioner of In­dia to the UAE stated, “The sec­ond edi­tion of In­dia-UAE Part­ner­ship Sum­mit in Dubai is an im­por­tant se­quel to the last year. We are ap­ply­ing the lessons learnt from last year and are fo­cus­ing on spe­cific sec­tors like SMEs and ed­u­ca­tion. What is en­cour­ag­ing is the re­sponse we have re­ceived from five state gov­ern­ments con­firm­ing their par­tic­i­pa­tion with at least one state com­ing with its chief min­is­ter.”

When in­quired about the newlyan­nounced tourism projects be­tween the two na­tions, Suri re­it­er­ated, “At­tract­ing in­vest­ments into tourism-re­lated in­fra­struc­ture is a real pri­or­ity for the govern­ment of In­dia and it is also a des­ig­nated pri­or­ity to many of the state gov­ern­ments that are keen to get for­eign in­vest­ments in these sec­tors. We are be­gin­ning to see that Busi­ness Lead­ers Fo­rum (BLF) has taken the first step for­ward by at­tract­ing tourism in­fra­struc­ture on an is­land in Andhra Pradesh. We have also seen Yusuff Ali of the Lulu Group es­tab­lish In­dia’s big­gest con­ven­tion cen­ter and ho­tels. It is now plan­ning to es­tab­lish ad­di­tional con­ven­tion cen­ters in Visakha­p­at­nam and Lucknow. In the UAE, there is a strong in­ter­est in dif­fer­ent sec­tors of In­dian tourism, par­tic­u­larly the moun­tains and the re­sorts and spas.”

HE Juma Mo­hammed Al Kait, As­sis­tant Un­der­sec­re­tary—For­eign Trade Af­fairs, Min­istry of Econ­omy, UAE, said, “The UAE con­sid­ers In­dia the first trad­ing part­ner with more than AED 195 bil­lion trade ex­change and this will in­flu­ence pri­vate sec­tor to ex­plore new ar­eas of co­op­er­a­tion, along with sev­eral other sec­tors. The pur­pose of the con­fer­ence is to fa­cil­i­tate and in­tro­duce speak­ers from the govern­ment and pri­vate sec­tors to talk about laws, reg­u­la­tions, chal­lenges the pri­vate sec­tor faced and the ways to over­come those. The two gov­ern­ments aim to take their re­la­tion to a new high and thus have signed a num­ber of agree­ments in sec­tors such as ed­u­ca­tion, fi­nance, eco­nomic co­op­er­a­tion.” HE Vipul, Con­sul Gen­eral of In­dia—Dubai, com­mented that he is happy with the sec­ond edi­tion of the event. Ex­press­ing joy, he said, “Last year, it was suc­cess­ful with min­is­ters par­tic­i­pat­ing from dif­fer­ent states of In­dia and this year, five states have con­firmed par­tic­i­pa­tion. BLF did a good job in not treat­ing In­dia-UAE Part­ner­ship Sum­mit as a stand-alone meet­ing but fol­low­ing up on the dis­cus­sions at the first IUPS in the past 12 months.”

Sudesh Ag­gar­wal, Chair­man of In­dia-UAE Part­ner­ship Sum­mit or­gan­is­ing com­mit­tee and Board Mem­ber of BLF, said, “The sec­ond edi­tion of the In­dia-UAE Part­ner­ship Sum­mit will fo­cus on sec­tors like ed­u­ca­tion, SMEs and skill de­vel­op­ment and place­ment of man­power. We are also invit­ing the In­dian states to aptly present their poli­cies and in­vest­ment projects as five In­dian states — As­sam, Delhi, Puducherry, Pun­jab and West Ben­gal — have con­firmed their par­tic­i­pa­tion for the event. About 150 con­tin­gents are ex­pected to ar­rive from the ed­u­ca­tion sec­tor.”

He fur­ther added, “BLF is ac­tively en­gaged in pro­mot­ing tourism-re­lated projects which in­volve large-scale in­vest­ment for de­vel­op­ing a 500-acre is­land on the new cap­i­tal in Amar­a­vati, that is, a 18-hole pds stan­dard golf course, a con­ven­tion cen­tre in a five-star ho­tel, lux­ury vil­las and apart­ments. This is an ecosys­tem is­land on the Kr­ishna river and we are ready to fa­cil­i­tate any in­vest­ment in the tourism sec­tor.”

The In­dia-UAE Part­ner­ship Sum­mit is seg­mented into a num­ber of brain­storm­ing busi­ness ses­sions and panel dis­cus­sions on cur­rent top­ics, while min­is­ters of the five In­dian states — As­sam, Delhi, Puducherry, Pun­jab and West Ben­gal — will present in­vest­ment op­por­tu­ni­ties in key projects within the states and seek in­vest­ment from po­ten­tial part­ners in the UAE. The emi­rates of Abu Dhabi and Shar­jah will be join­ing the event as fo­cused emi­rates of the UAE to show­case their projects to In­dian in­vestors. This is the only busi­ness con­fer­ence of its kind to be proac­tively sup­ported by the Govern­ment of In­dia through the Em­bassy of In­dia, Abu Dhabi and Con­sulate Gen­eral of In­dia—Dubai as well as the UAE Min­istry of Econ­omy. It is also the only bi­lat­eral sum­mit where min­is­ters of the Govern­ment of In­dia as well as UAE will ac­tively par­tic­i­pate.

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