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Federal Minister Piyush Goyal, who is visiting the UAE, stated that India has “huge potential” to reduce the cost of healthcare in the UAE through competitively priced medicines and improve the supply of paramedical staff and doctors. .
“India can add value to the UAE’s healthcare system. Over the years, India has developed highly competitive drugs that can serve the people,” Goyal said.
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He said that since many Emirati also come to India for medical treatment, he added that this South Asian country can not only provide facilities and improve medicines, but also provide more technicians, paramedical staff and doctors to the UAE.
The minister said at a press conference at the Indian Consulate in Dubai on Saturday: “We will also be able to provide world-class quality healthcare facilities for UAE nationals and tourists who come to India for medical assistance.”
Indian medicines are among the cheapest medicines in the world. According to Medbelle, a London-based digital healthcare provider, it is one of the five cheapest medicines in the world, and its price is 73.82% lower than the global median.
At the height of the pandemic in April 2020, India has provided large supplies of hydroxychloroquine to other affected countries such as the UAE and the United States, Spain and the United Kingdom, Jordan and Saudi Arabia.
Indian doctors and paramedics are also an important part of the UAE’s healthcare sector and have won praise from the UAE government for their key role in helping the country fight the Covid-19 pandemic.
The minister in charge of India’s business, consumer affairs, and food and public textile distribution also spoke of the “huge potential” of India and the UAE in mutual trade and investment.
The two countries have begun formal negotiations on a comprehensive economic development agreement to jointly tap global opportunities. The UAE has expressed its desire to become part of India’s US$1 trillion export goal.
India is the UAE’s third largest trading partner, with a trade volume of 60 billion U.S. dollars, second only to China and the United States. The UAE is India’s second largest export destination (after the United States), with exports in 2019-20 close to US$29 billion.
According to data released by the Indian delegation to the country, for the UAE, India is the second largest trading partner in 2019, with an amount of approximately US$41.43 billion (non-oil trade).
UAE businessmen are keen to invest in India
Goyal said the response from the UAE businessmen he met on this trip was “really great.”
“The excitement I saw and the potential demonstrated by all stakeholders-the people who imported goods and services from India, and the businessmen I met at the opening event (of the India Pavilion at Expo 2020) and the dinner last night… …. Everyone seems to like India,” Goyal said.
He said that businessmen have shown considerable interest in investing in India’s gems and jewellery, food processing industry and infrastructure development projects.
“They are very enthusiastic about studying asset monetization plans. They are very enthusiastic about cooperating with India to promote tourism. I think we must do more in India to encourage Indian companies to engage with UAE businessmen.”
In addition to other business plans, the UAE has pledged to invest USD 75 billion from its sovereign fund, and the minister stated that India is ready to achieve its export goals.
“Investment is a big area, and you can expect to cooperate to a large extent. Over the years, the UAE has developed capabilities in an industry where low-cost energy can help India develop quality products at attractive prices. Therefore, I believe this is a natural partnership that should benefit both countries; provide opportunities for the people of both countries; provide huge employment opportunities, especially in labor-intensive industries such as textiles, footwear, and food processing.”
The minister said that the UAE and India are also cooperating to address the challenges of climate change and manufacturing solar cell equipment.
Goyal listed the Indian industries that can contribute to and complement the economic growth of the UAE. Goyal said that Indian leather accessories, footwear, pharmaceuticals and healthcare, as well as the provision of software and IT services, and other technology industries have great potential.
India will bid for World Expo “in due course”
India will consider hosting the World Expo, said Union Minister Pius Goyal, adding that when he comes back, this will be an important item on his agenda.
“Of course, we hope to host an Expo of this size and scale in India in the future. I suggest that once I come back, this will be an important item on my agenda so that we can promote it in due course,” the minister said on Saturday. Speak to the media.
Goyal unveiled the AED257 million India Pavilion on Friday, when the six-month Expo 2020 Dubai opened to the public for the first time.
Anjana Sankar
Anjana Sankar is a journalist based in the UAE, focusing on stories of global conflict, immigration and human rights. She has reported on the front lines of the wars in Yemen and Syria, and has written numerous articles about refugee crises in Bangladesh, Iraq and Europe. From interviewing Islamic State militants to joining the UAE army in Yemen, to earthquakes, floods, terrorist attacks and elections, she came out of the most dangerous conflict zone in the world without incident. With more than 14 years of experience, Anjana is currently an assistant editor of Khaleej Times and leads the reporting team. She often talks about women’s empowerment on a Facebook page with more than 40,000 fans.
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