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Abu Dhabi [UAE]February 18 (ANI): India Commerce Committee – United Arab Emirates A chapter (UIBC-UC) was formed on Saturday to promote Bilateral Trade and Investment between India and United Arab Emiratesmark the first anniversary of India–United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) to strengthen economic ties and promote the common goal of enhancing bilateral trade and investment.
UIBC-UC was initiated by HE Dr Thani bin Ahmed Al Zeyoudi, United Arab Emirates Minister of State for Foreign Trade, in the presence of the ambassador India arrive United Arab Emirates Consul General Mr. Sunjay Sudhir India In Dubai, Dr. Aman Puri and founding member of UBIC-UC.
The two countries aim to increase bilateral trade to $100 billion and attract $75 billion in investment. United Arab Emirates arrive India. UIBC-UC is poised to play a key role in supporting both governments in achieving these goals and maximizing their potential United Arab Emirates–India relation.
By leveraging the strong ties between the two countries, the Council brings together key partners and stakeholders from both countries.It will serve as an invaluable source of policy guidance, promoting innovation collaboration between the UAE and India IndianEnterprise.
His Excellency Dr Thani bin Ahmed Al Zeyoudi is speaking, United Arab Emirates The Minister of State for Foreign Trade emphasized that the establishment of United Arab Emirates chapter of United Arab Emirates India Business Council marks important moment in deepening relations between the UAE, the two countries India.
He also mentioned that the Council will play a key role in supporting the shared mission of the two governments to promote bilateral trade and investment. He expressed confidence that this will be a catalyst for innovative cooperation between our two great nations.
Ambassador Sunjay Sudhir, who was present at the launch, said: “Today’s launch marks an important milestone in strengthening the relationship between the United Arab Emirates and China. India. Heartfelt congratulations to all founding members United Arab Emirates India The Business Council also looks forward to seeing the Council’s initiatives bring greater prosperity to both countries. “
UIBC-UC will act as the counterpart to UIBC India Chapter was established in New Delhi on September 3, 2015 by His Highness Sheikh Abdullah bin Zayed Al Nahyan, United Arab Emirates Minister of Foreign Affairs and International Cooperation, and Smt. Honorable Minister of Foreign Affairs Sushma Swaraj Indiaduring the eleventh session India–United Arab Emirates Joint committee meeting.this United Arab Emirates India Commerce Committee – United Arab Emirates Approved to form a chapter (UIBC-UC) United Arab EmiratesMinistry of Foreign Affairs and International Cooperation and Ministry of Foreign Affairs, Government India.
UIBC-UC will operate under federal oversight United Arab Emirates Chamber of Commerce and Industry and is registered as a legal and financial entity with the Dubai Chamber of Commerce.
the council will be in Abu Dhabi will be a pan United Arab Emirates An institution dedicated to promoting trade and investment relations between the two countries United Arab Emirates and India. Membership in UIBC-UC is by invitation only, and institutional members will be gradually invited.
Faizal Kottikollon, chairman of KEF Holdings, who has been appointed chairman of UIBC-UC, said: “The council’s focus will be to identify major strategic projects that both countries can undertake. This includes investment in large infrastructure projects Indiaadvances in manufacturing and technology, and provide Indian Manufacturers capable of using United Arab Emirates as a base for their global expansion. “
Rizwan Soomar, Chief Executive Officer and Managing Director (India Subcontinent) at DP World and will serve as co-chair of UIBC-UC.He shared his thoughts on the matter and said: “I am delighted to have DP World as one of the important investors in this project India and to United Arab Emirates India Corridor will be able to add a lot of value to co-hosting this important initiative. “
UIBC Chairman Major General Sharafuddin Sharaf (retired) India Chapter, will also serve as the vice-chairman of UIBC-UC.
Major General (Ret.) Sharaf said: “I am delighted that UIBC (United Arab Emirates chapter) was established. I look forward to working closely with UIBC (United Arab Emirates Chapter) and my role as UIBC Chair (India) and vice-president of this institution, I am delighted to be the link between these two institutions. We believe that with the establishment of this entity, our common goal of strengthening two-way trade and investment relations between our two countries will be more effectively achieved. “
The founding members of UIBC-UC are from United Arab Emirates On one side is Mubadala – Sovereign Wealth Fund United Arab Emirates, Wizz Financial, DP World, EMAAR, Emirates Airline and Emirates NBD Bank.from IndiaHere, there are big conglomerates such as TATA, Reliance and Adani, as well as technology innovators such as OLA, Zerodha, Udaan and EaseMyTrip, as well as established companies Indian Entrepreneur-led firms located in United Arab Emirates Such as KEF Holdings, Buimerc Corporation, Apparel Group, EFS and Lulu Financial.
Ankur Gupta, Head of Corporate Affairs and Development, Tata Sons (Middle East and North Africa), said: “The dynamism of the relationship between the two countries India and United Arab Emirates There has been a surge in reciprocal public and private investment, evident in infrastructure, technology, financial and human capital.The committee will serve as an important platform for India and United Arab Emirates Inc. looking for new opportunities. “
Mr. Bhavish Aggarwal, Founder and CEO of OLA, said: “We are delighted to be a founding member of UIBC-UC. With the growing focus on sustainable development and ‘green growth’, UIBC United Arab Emirates This chapter comes at just the right time. It will help unlock the enormous opportunities created by the growing economic and commercial relationship between our two countries, and enable entrepreneurs and businesses to work together to develop and bring to market the world’s future technologies. Ola is committed to building a future of sustainable transportation and clean energy, and we look forward to building partnerships across the industry IndiaUnited Arab Emirates corridor. “
Mr. Adeeb Ahamed, Managing Director of Lulu Financial Holdings, said: “Thanks to the great goodwill of the leaders of both countries, the two countries have achieved tremendous growth in trade and investment over the years,” and “the success of this joint effort requires industry representatives from both sides to join hands. , to engage in meaningful discussions and collaborations that help expand the reach of existing markets and create new opportunities to drive innovation and growth.”
On this occasion, the Consul General India In Dubai, Dr Aman Puri thanked the organization’s founding members United Arab Emirates India Thanks to the Council of Commerce (UIBC-UC) for their support in establishing this organization.He highlighted the platform’s role as United Arab Emirates and Indian Enterprises collaborate to identify new opportunities and overcome existing challenges. Dr. Puri stressed that the committee will be a force multiplier and a valuable asset to the diplomatic missions and posts of both countries.
Vikas Anand, who has 25 years experience in the banking industry, was most recently Head of Group Operations at First Abu Dhabi Bank has been named Chief Operating Officer of UIBCUC and will be charged with advancing the Council’s mission of strengthening bilateral trade and commerce between the two countries.launch of United Arab Emirates Today’s chapter coincides with the first chapter anniversary signed by Comprehensive Economic Partnership Agreement (CEPA) was signed between the two countries on February 18, 2022, emphasizing the strong commitment of both countries to strengthen economic and commercial relations. (Arnie)
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