2024-01-10 17:13:41
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, headed a high-level Emirati economic delegation to participate in the Gujarat Global Summit 2024. During the summit, His Excellency Narendra Modi, Prime Minister of the Republic of India, opened the UAE pavilion, which witnessed a record turnout of business leaders and sector representatives. To discuss trade and investment opportunities between the UAE and India and ways to develop them and advance relations to new levels under the umbrella of the Comprehensive Economic Partnership Agreement between the two countries, which will complete its second year next May.
His Excellency Dr. Thani Al Zeyoudi said, “The presence of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, at the summit is evidence of the importance of the bilateral relationship between the two countries for the wise leadership. In this context, the high-level participation of the UAE in the Gujarat Global Summit confirms the strength of the UAE relations.” “It reflects the UAE’s commitment to joint work to develop bilateral economic relations.”
He added: “The two friendly countries continue to work together to explore the unlimited opportunities provided by the UAE-India Comprehensive Economic Partnership Agreement, as the Gujarat Global Summit is an important platform for discussions, communication, and exchange of knowledge and experiences. The state of Gujarat represents an embodiment of these opportunities, as it is a major trade gateway for Emirati products entering India and a destination.” Key for Emirati investments looking for favorable opportunities. His Excellency Al-Zeyoudi also held talks with His Excellency Piyush Goyal, Minister of Commerce and Industry of India, during which the two ministers discussed developments in joint work and ways to enhance joint economic cooperation, whether in the trade or investment aspect. He also met with His Excellency Bhupendrabhai Patel, Prime Minister State of Gujarat, where they reviewed ways to stimulate investment flows and agreed to continue exploring opportunities in sectors of common interest.
On the sidelines of the Gujarat Global Summit, His Excellency Dr. Thani Al-Zeyoudi also met with His Excellency Riad Mazour, Minister of Industry and Trade of the Kingdom of Morocco, and they discussed ways to stimulate trade and investment flows between the two brotherly countries. The Ministry of Economy, in cooperation with the UAE Embassy in New Delhi and the Confederation of Indian Industries, organized the UAE-India Business Forum on the sidelines of the 2024 Gujarat Global Summit, which was attended by a number of ministers and officials from the two countries.
During the forum, His Excellency Thani Al-Zeyoudi gave an opening speech in which he highlighted the benefits and achievements of the Comprehensive Economic Partnership Agreement between the two countries, and urged business leaders from both sides to continue exploring joint opportunities. The business forum included broad participation of the business sector from the two countries. During the forum, the new website of the UAE-India Comprehensive Economic Partnership Agreement Council was launched, a platform created to stimulate cooperation between micro, small and medium enterprises and startups in the two countries. The website will be supported by a roadshow conducted in partnership with national and regional industry associations across India which will include 11 states across 17 separate events. Regarding the launch of the website of the Comprehensive Economic Partnership Agreement Council, His Excellency Thani Al-Zeyoudi said: “The launch of the website of the Comprehensive Economic Partnership Agreement Council represents the latest station in the joint UAE-Indian efforts to encourage cooperation and partnership between the private sector and the business community on both sides, where micro-enterprises are scheduled to play a role in “SMEs play a vital role in inaugurating a new phase of growth and mutual opportunities.”
During the Gujarat Global Summit, His Excellency Al-Zeyoudi witnessed the launch of a new report from the Indian-UAE Start-up Initiative of the Confederation of Indian Industries, entitled “Unlocking Opportunities: The Start-up Ecosystem in India and the UAE,” which provides an important guide to entrepreneurship under the umbrella of the Comprehensive Economic Partnership Agreement and a road map for progress. In the future. It is noteworthy that the state of Gujarat is one of the leading economic and industrial centers in India, contributing 8% of the country’s gross domestic product. It is also a major destination for strategic investments from the UAE, which include joint ventures in sectors such as logistics, manufacturing and agriculture. For example, in 2023, DP World signed a deal worth $500 million to build and operate a new container terminal in Kandla in the state, and the first of the UAE’s $2 billion chain of food malls will be built in the state as well.
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