SME Times News Bureau | 31 Mar, 2022
Minister of Commerce & Industry Piyush
Goyal invited the business community
from the United Arab Emirates (UAE) to come and capitalise on the
business-friendly policies and the opportunities that the emerging India
is offering to global businesses.
“With the cost and trust advantage
that India offers, it is time to invest in India. As partners, we can
secure each other’s economic future and strengthen our partnership in
the post-COVID world,” said Goyal.
Goyal was speaking at India’s Honour Day Celebrations at Expo2020 in Dubai.
He
said, "I believe we are now at the cusp of growth and development in
the years to come. India provides talent and investor friendly policies.
In most sectors, FDI is open 100%."
"We have several new initiatives to
promote industry like the Production Linked Incentive scheme and the
Make in India policy, our efforts to provide Ease-of-doing-Business, all
of which will lead to ease of living for our people," he added.
"To
the global community, I say, 'Come experience India – the land of
opportunities'. Let’s grow together, let’s change together, let’s
transform together because together we can surmount any obstacles and
achieve humongous goals and targets beyond anyone’s imagination," said
the Minister.
Goyal said that the new India is fearless and confident where we wish
to see the prosperity of every Indian. “Next 25 years in India will
signify a strong and inclusive India,” added the Minister.
He
said the word ‘trust’ describes India-UAE relationship. “Our ties will
remain vibrant and grow from strength to strength,” said the Minister.
Goyal said, “The special partnership that Prime Minister Narendra
Modi and H.H. Sheikh Mohammed bin Zayed Al Nahyan share is legendary.
It’s a bond of eternal friendship symbolising trust and we are natural
partners due to the complementary nature of our economies and increasing
trade will always showcase the synergy that the two nations have,
strengthening further, our bonds.”
"Our
shared vision which has opened newer avenues, one of which is the
commitment to establish an Indian Institute of Technology (IIT) in the
United Arab Emirates," added the Minister.
On
government cooperation, Goyal said both the governments supported
each other. “We were the brothers working for each other during COVID,”
he said.
"The
Comprehensive Economic Partnership Agreement (CEPA) is a win-win
agreement for the good of the people of both the countries,” he added.
On
the grand success of Dubai Expo, the Minister said that Expo2020 is
victory of courage over adversity.
"The Expo will go down in history as a
memorable chapter where the two brothers came closer. It will conclude
but the memories will remain. The India Pavilion is going to be a
permanent structure; it is not going to be dismantled. It will stand as a
testimony to our two countries working towards the collective good of
the people," added the Minister.
The India
Pavilion, one of the largest and most iconic pavilions at EXPO2020
Dubai, recorded more than 1.6 million footfalls since its inauguration
on October 1st last year. The India Pavilion was inaugurated by Goyal.