33 C
Dubai
Wednesday, November 6, 2024
spot_img

Abu Dhabi Chamber and FICCI explore new areas of cooperation

[ad_1]

One of the main goals of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India is to increase trade by 120% from $45 billion to $100 billion over the next five years.

“We are proud of our economic relationship with India, which is based on mutual respect, friendship and cooperation. We have cooperated on several projects and signed different agreements to strengthen cooperation in important industries, including manufacturing, Small and medium-sized enterprises, energy, IT, digitalization, logistics and financial services industries, etc.

“Our trade history with India confirms the importance of our partnership, especially as India is the UAE’s number one trading partner in terms of non-oil exports, accounting for 14% of our total global exports. The non-oil trade in China alone amounts to US$45 billion,” said Yousuf Ali, second vice-chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI).

high level delegation

The Abu Dhabi Chamber of Commerce organized a meeting at its headquarters where it welcomed a high-level delegation from the Federation of Indian Chambers of Commerce and Industry (FICCI). The meeting was attended by members of the Abu Dhabi Chamber of Commerce Board of Directors including: Masood Rahma Al Masaood Al Mehairbi, Treasurer; Saeed Ghumran Al Remeithi, Deputy Treasurer, Abu Dhabi Business Women’s Council, and Nour Al Tamimi, Board Member.

The Indian delegation, headed by Dr. Gunveena Chadha, Assistant Secretary General of FICCI, included high-level representatives from FICCI, as well as representatives of more than 30 private companies from various industries such as agriculture, chemicals, electrical equipment, textiles, pharmaceuticals, food and beverages, sports Equipment, Fast Moving Consumer Goods (FMCG) etc.

Ali added, “We assure you that Abu Dhabi Chamber stands ready to provide Indian companies with all the support they need to succeed in their business. This is, of course, in line with the Chamber’s newly announced strategy of acting as a policy advocate, The role of networks and service providers.”

ideal platform

Dr Chadha said: “This conference is an ideal platform to connect Abu Dhabi and Indian companies and discover investment opportunities that will benefit both countries. We are keen to drive investment and participate in different projects and agreements under the UAE-India CEPA, which marks This is the beginning of a new era of success for both countries. I would like to commend the Abu Dhabi Chamber for its active role in attracting, supporting and promoting business development.”

The conference follows the launch of Abu Dhabi Chamber’s new three-year strategy from 2023 to 2025, which focuses on serving the Abu Dhabi economy and strengthening its position as the “voice of the private sector”. Under its new strategy, the Abu Dhabi Chamber aims to empower and enhance the competitiveness of Abu Dhabi’s private sector, making Abu Dhabi the place of choice for doing business in the MENA region by 2025. — trade arab news agency

[ad_2]

Source link

Related Articles

Pioneering AI Innovations with Abis Ali, Co-Founder of Raen AI

Pioneering AI Innovations with Abis Ali, Co-Founder of Raen AI In an era where artificial intelligence is transforming industries worldwide, Raen AI stands out as...

From Vision to Reality How Harshit Aggarwal’s Novamax Industries is Redefining Cooling Solutions

In the fast-evolving world of startups, where passion meets perseverance, Harshit Aggarwal has carved out an impressive path with Novamax Industries LLP. Founded in...

8 Tips for Choosing the Right Pet Insurance in Dubai

As a pet owner in Dubai, you want to be sure that your companion receives the best care possible. But we understand that vet...

The Journey of Berrylush: A Story of Passion, Perseverance, and Purpose

In 2018, Berrylush was born from the shared vision of two IIM graduates, AnushaChandrashekar and Alok Paul, who saw a glaring gap in the...

UAE Strengthens Global Alliances: Landmark Diplomatic Engagements with Russia and Singapore Propel Strategic Partnerships

UAE has been actively engaged in high-level diplomatic efforts, further cementing its role as a key player on the global stage. Recently, President Sheikh Mohamed...

Latest Articles