IANS | 06 Feb, 2018
has a strong small and medium enterprise (SME) sector with
the help of which India
can capitaltaize on UAE's strength,
said a high level delegation from UAE.
its meeting with Commerce and Industry Minister Suresh Prabhu on
Monday, the UAE delegation stressed the point that it no longer
wishes to continue as an oil-based economy but is very rapidly moving
on the path of becoming a knowledge based economy and India with its
very strong services sector as well as SME, healthcare, technology,
education sectors will be able to capitalise on the UAE’s strength
as a hub to further expand India’s business interest in the region
as well as Africa.
delegation was led by Ahmad Sultan Alfalahi, Commercial Attache in
the Embassy of the United Arab Emirates, New Delhi. The delegation
also comprised of Mohamed H. Al Muhairi, Director General, Abu Dhabi
Chamber of Commerce and Industry, Rashed Abdul Karim Al Blooshi,Chief
Executive, Abu Dhabi Securities Exchange, Mohamed Hamad Al Hameli
from the Department of Health, Abu Dhabi.
relations are in the spotlight as Indian Prime Minister Narendra Modi is visiting the UAE for the World Government
Summit(WSG) from 11-13 February, 2018.
PM's tour will explore areas to further India’s reach to the Arab
countries and also expand strategic partnerships in this region. UAE
has already announced plans to invest $ 75 billion over 10 years for
India’s growing infrastructure projects.
highlighted to the visiting delegation that India has a very strong
services sector and India and UAE could formulate a comprehensive
economic partnership for developing third country markets in Africa
,Latin America and Central Asia.
January 14 this year Minister of Commerce and Industry along with
senior officials had attended the 5th Meeting of the UAE-India High
Level Joint Task Force on investment held in Abu Dhabi to discuss
facilitation of investment in key sectors in UAE and India.