Goyal highlights India-UAE economic growth
Minister of Commerce & Industry Piyush Goyal discussed investment plans with CEOs of leading UAE companies Emaar, Sharaf and DP World in Dubai on 6 Oct 2023.
He assured them of the Indian Government commitment to facilitate UAE investments into India.
Goyal has also interacted with leading food sector companies in the Gulf Cooperation Council (GCC) region and Egypt.
Given India’s pre-eminent role as the food security partner in the region, the meeting focussed on ways to promote greater trade and investments in the food sector between India and the GCC countries.
The interaction provided a platform for the industry representatives to share their insights and perspectives on building robust food sector cooperation between India and the region.
During his meetings with leading Indian Chartered Accountants (CA) based in the UAE, he asked them to focus on enhancing the India-UAE relationship.
While addressing a meeting with top Business Leaders from India & UAE hosted by Abu Dhabi Chamber, the Minister said that rising economic growth of the two countries and strengthening partnership offers opportunities for businesses on both sides to tap into for faster growth.
Goyal emphasized the UAE’s pivotal role in this partnership, citing it as India’s second-largest export destination, third-largest trade partner, and the largest investor in terms of foreign direct investment.
The Comprehensive Economic Partnership Agreement between the two countries forms a strong foundation for collaboration, he underlined, adding that such trade pact would provide the impetus for this partnership to thrive.
Goyal said that the crucial areas of collaboration between India and UAE range from food security, education, energy security, climate change mitigation to space technologies.
The promotion of each other’s cultures and initiatives like the Startup20, B20, the UAE-India Business Council and Bharat Bazaar were also highlighted by the Minister.
He encouraged businesses to seize these opportunities and collaborate in the spirit of cooperation and competition. Fiinews.com
