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Lucknow (Uttar Pradesh) [India]Feb 11 (ANI): Uttar Pradesh Government’s MSME and Khadi Cabinet Minister Rakesh Sachan attended the Global Investors Summit on Saturday and spoke about UAE-Uttar Pradesh relations.
Rakesh Sachan, MSME Minister in the Yogi government said, “The Uttar Pradesh Global Investor Summit will further strengthen the centuries-old traditional and economic relationship between India and the UAE, which will prove to be a milestone for UP and the UAE.”
Speaking at a meeting with representatives of the United Arab Emirates (UAE) on the second day of the Global Investor Summit on Saturday, Sachan interacted with His Excellency HE Ahmed Bin Ali Al Sayegh, Minister of State for Foreign Trade at the UAE Ministry of Economy Thani Bin Ahmed Dr. Al Zeyoudi.
At UPGIS 2023, UAE ministers also said, “This is just the beginning, as in the times to come, many of their investors will turn to UP and take advantage of the investment-friendly environment brought about by the Yogi government in UP.
Meanwhile, Rakesh Sachan also touched on the economic partnership between the Indian government and the UAE in September 2021, saying, “This partnership has led to a multifaceted increase in trade between the UAE and India. Imports and exports in the UAE US$50 billion has been reached. We look forward to building a good relationship with the UAE at UP.
Rakesh Sachan further stated that in January, our team visited the UAE where Dr Thani welcomed us warmly. Abu Dhabi Chamber of Commerce and Industry has also launched a lot of cooperation. Lulu Mall has signed a MoU with us for Rs 3,300 crore under which it will open malls in Ayodhya and Varanasi and some other places.
“Chief Minister Yogi Adityanath’s mantra of ‘work for every hand, put a smile on every face’ must be realized at all costs. I appeal to investors in the UAE to come and invest in UP,” Sachin urged investors to cooperate with UP .
However, referring to the relationship between the two countries, the UAE Minister of State said, “In addition to traditional investments in Uttar Pradesh, we are also focusing on emerging areas. These areas include defence, space, food processing, agricultural processing, climate, drone technology, Logistics and many other areas. In this series, some UAE companies will set up food parks in Uttar Pradesh.”
The UAE Minister of State said that we have set a target that the total trade between the UAE and India will reach 100 billion US dollars in the next 5 years.
In early 2022, the UAE launched Me Too, You Too, to strengthen India’s economic ties with the UAE, which appears to be very successful.
At the same time, Elana Group also announced to invest in the food processing sector. It also signed a self-help group agreement with Lulu Mall, so that the products made by SHGs women can also reach people through these malls.
Notably, Prime Minister Narendra Modi inaugurated the 2023 Uttar Pradesh Global Investor Summit in Lucknow on Friday. Defense Minister Rajnath Singh, Uttar Pradesh Governor Anandibin Patel and Chief Minister Yogi Adyanath were also present at the ceremony.
The guest of honor for the closing ceremony was President Drupadi Murmu. (Arnie)
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