UAE and In­dia to fur­ther bol­ster busi­ness ties

‘Both coun­tries un­der­stand the eco­nomic and so­cial ben­e­fits that come from open­ness to the world’

The Gulf Today - Business - - Front Page - BY A STAFF RE­PORTER

DUBAI: The UAE and In­dia will have to fur­ther ex­plore pos­si­ble ar­eas of syn­ergy to ad­vance bi­lat­eral trade be­tween In­dia and the UAE, says Sheikh Nahyan Bin Mubarak Al Nahyan, the UAE Min­is­ter of Cul­ture and Knowl­edge De­vel­op­ment.

Both the coun­tries un­der­stand the eco­nomic and so­cial ben­e­fits that come from open­ness to the world with fo­cus in trade, in­vest­ment, and cul­ture, said Sheikh Nahyan Bin Mubarak Al Nahyan while de­liv­er­ing his speech ti­tled “the way for­ward for In­dia-uae re­la­tions” at the first edi­tion of the Eco­nomic Times In­dia UAE Strate­gic Con­clave 2017, held in Dubai on Wed­nes­day. The two-day event, at­tended by busi­ness lead­ers and se­nior gov­ern­ment of­fi­cials, kicked off giv­ing a fur­ther fil­lip to the bi­lat­eral and busi­ness re­la­tions be­tween the two coun­tries.

“There is more room for dis­cus­sions to at­tain deeper in­te­gra­tion be­tween the two coun­tries to build even stronger busi­ness and eco­nomic links for mu­tual pros­per­ity, and de­velop a com­mon un­der­stand­ing of our shared chal­lenges and op­por­tu­ni­ties, man­age glob­al­i­sa­tion and share the ben­e­fits of mod­ern tech­nolo­gies. This will help take ad­van­tage of the emerg­ing po­si­tion oc­cu­pied by both In­dia and the UAE in the world econ­omy,” he added.

Sheikh Nahyan elab­o­rated that the UAE and In­dia have been friends for many cen­turies and that ex­tended through sev­eral gen­er­a­tions of fam­i­lies from both coun­tries. Lead­ers of the mod­ern UAE have ex­er­cised their wise judge­ment in favour of friend­ship with In­dia for over 45 years. Both coun­tries now work on the mea­sures to strengthen mu­tual po­lit­i­cal, eco­nomic, com­mer­cial and cul­tural re­la­tions.

In his key­note ad­dress Navdeep Suri, In­dian Am­bas­sador to the UAE, said, “There has never been a bet­ter time to ex­pand the busi­ness con­nec­tions links be­tween In­dia and the UAE. There are enor­mous In­dian in­vest­ments in to the UAE. We want to see much more busi­ness and in­vest­ment in­ter­ests from the UAE into In­dia, and I hope that a con­fer­ence like this would cer­tainly take that for­ward. The strate­gic part­ner­ship signed be­tween In­dia and the UAE at the be­gin­ning of this year is be­ing pro­gres­sively trans­lated into re­al­ity, and the links be­tween In­dia and UAE are get­ting strength­ened in en­tirely new ar­eas.”

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