UAE and India to further bolster business ties
‘Both countries understand the economic and social benefits that come from openness to the world’
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.”