UAE and ndia to stren then trade ties

In­dia-uae Strate­gic Con­clave wit­nesses con­ver­gence of over 400 guests

The Gulf Today - Business - - UAE -

ABU DHABI: To the ex­tent that tol­er­ant so­ci­eties are more open and in­no­va­tive, it seems clear that they will be more eco­nom­i­cally pros­per­ous. Both In­dia and the UAE are ob­vi­ous cases in point, says Sheikh Nahyan Bin Mubarak Al Nahyan, the UAE Min­is­ter of State for Tol­er­ance, adding that tol­er­ance in both coun­tries makes us nat­u­ral part­ners and friends.

Ad­dress­ing the sec­ond an­nual In­dia-uae Strate­gic Con­clave in Abu Dhabi, the min­is­ter said: “It’s time to con­sider the eco­nomics of tol­er­ance. As friends who value tol­er­ance and peace, In­dia and the UAE have shared many things, much to our mu­tual ad­van­tage. Most prom­i­nent are the val­ues that we have shared-a de­vo­tion to our own cul­tures and a deep re­spect for and ap­pre­ci­a­tion of other cul­tures, eth­nic­i­ties, lan­guages, re­li­gions, and be­liefs.”

Sheikh Nahyan pointed out on THE EMERG­ING sub-ield, namely THE ‘eco­nomics of soft power’, which com­bines cul­ture, her­itage, arts and hap­pi­ness. This goes far be­yond eco­nomics of tourism and con­tin­ues to broaden the ‘soft power’ eco­nomics. “It’s high time to con­sider the eco­nomics of tol­er­ance, par­tic­u­larly THE Eco­nomic Ben­e­fits AS­SO­CI­ATED with tol­er­ance.”

In his key­note ad­dress Navdeep Suri, In­dian Am­bas­sador to the UAE, fo­cused on the tak­ing a fresh ap­proach to strengthen the age-old ties be­tween In­dia and the UAE. “The bi­lat­eral, trade and strate­gic re­la­tions be­tween the UAE and IN­DIA Is EX­PECTED to Grow sig­nif­i­cantly in the com­ing years. 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.”

“IN­DIA Is look­ing For A signiicant amount of in­vest­ment from the UAE that will help sub­stan­tially aug­ment the trade and in­vest­ment re­la­tions be­tween the coun­tries. The eco­nomic ties be­tween In­dia and the UAE dates back hun­dreds of years and we are proud of the two coun­tries’ sus­tained ef­forts to strengthen this re­la­tion­ship fur­ther. There is a con­tin­u­a­tion of the re­la­tion­ship founded on the suc­cess of the two coun­tries’ con­stant com­mit­ment to boost mu­tual bi­lat­eral ties,” he added.

“In­dia is plan­ning to im­ple­ment a skill map­ping pro­ject in part­ner­ship with the UAE gov­ern­ment to stream­line the re­cruit­ing process in a much more trans­par­ent way. This will be in place in three months,” said the In­dian Am­bas­sador.

Sheikh Nahyan Bin Mubarak re­it­er­ated the UAE’S com­mit­ment to tol­er­ance as an es­sen­tial com­po­nent of so­ci­ety. Tol­er­ance is crit­i­cal to the safety, se­cu­rity and peace­ful pros­per­ity en­joyed by the pop­u­la­tion of the UAE, drawn from more than 200 coun­tries. Tol­er­ance has been a key char­ac­ter­is­tic of the UAE since its foun­da­tion 47 years ago by the late Sheikh Zayed bin Sul­tan Al Nahyan, who taught us that tol­er­ance means ‘know­ing one an­other’.

“We have shared the de­sire for global peace and the safety, pros­per­ity, and well-be­ing of our com­mu­ni­ties. We have shared a de­vo­tion to tol­er­ance, com­pas­sion, and di­a­logue. There are new and emerg­ing ar­eas of col­lab­o­ra­tion be­tween In­dia and the UAE to ex­plore,” he added.

Sheikh Nahyan Bin Mubarak Al Nahyan speaks dur­ing the In­dia-uae Strate­gic Con­clave, 2018.

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