India to showcase investment potential at UAE business meet

DUBAI: India will showcase its “huge investment potential” and multifaceted strengths in various economic sectors at an annual business meet in the UAE next week as bilateral ties move to a “higher level”.

India’s investment climate will be highlighted at a Make in India Pavilion and Make in India seminar during the Annual Investment Meeting (AIM) which is scheduled to be held here from April 11 to 13.

Dharmendra Pradhan, Minister of State for Oil and Gas, will inaugurate the Pavilion alongwith Abdullah Al-Saleh, Vice Minister for Foreign Trade and Industry in the UAE.

The ‘Make in India’ pavilion will highlight India’s investment-friendly environment and showcase the best that the country has to offer. The pavilion will also showcase the multifaceted strengths of India in various sectors of economy.

Dawood Al Shezawi, president and CEO of the Annual Investment Meeting, said this year’s AIM will witness participation from around 130 countries.

“India has decided to participate at the AIM at a large scale and to represent the Make in India brands,” Al Shezawi said.

A 25-member Federation of Indian Chambers of Commerce and Industry delegation is also taking part in the AIM and will cover sectors like infrastructure, agri & food processing and Information Technology.

The delegates would engage with prospective investors to discuss their projects.

“Indian business community and its people working here in the UAE have really contributed towards the progress of this country over the years and for us it is very important to promote investment in India across various sectors,” Al Shezawi said.

India’s Consul General in Dubai Anurag Bhushan said, “Our relationship is moving to a higher level and we are looking at investments at both sides to bring the economies closer. There is huge investment potential in areas such as infrastructure, oil and gas etc.”

“Many sectors such as real estate, medical tourism, insurance and smart cities are areas which need investment and these are also areas in which the UAE is very strong. So lots of initiatives are being taken precisely keeping these investors in mind,” Bhushan told PTI.

“The relationship between the two countries has blossomed,” said Bhushan.

“This event comes at a very good time for us, as our economy moves on a steady 7.6 per cent growth rate. The FDI climate since last year has also improved, with FDI today standing at $45 billion – a 25 per cent increase,” he said.