Dubai Chambers and Confederation of Indian Industries discuss a joint plan to boost bilateral trade and investment
Dubai, March 26 / WAM / Dubai Chambers discussed with the Federation of Indian Industries prospects for expanding cooperation mechanisms to enhance bilateral trade and investment movement. It was agreed during the meeting to develop a joint action plan to expand the scope of business partnerships in a group of vital priority sectors.
According to a press release issued today, the meeting witnessed a discussion of the general frameworks and upcoming implementation mechanisms of the action plan with the aim of enhancing trade and investment between the two sides, in the presence of His Excellency Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, and Chandra Jeet Banerjee, Director General and CEO of the Confederation of Indian Industries.
His Excellency Mohammed Ali Rashid Lootah said that the established historical economic relations between Dubai and India constitute a promising platform for developing more qualitative opportunities in all strategic sectors, developing fruitful partnerships that enhance the growth of bilateral trade and investment movement and expanding the horizons of cooperation between private sector companies in Dubai and their counterparts in India.
His Excellency added: We are committed to providing integrated support that enables Indian companies to make the most of Dubai’s vital role as a leading global business center and a strategic platform for growth and expansion at the regional and global levels. We are keen to provide Indian investors and businessmen with a comprehensive package of services and solutions that enhance the success and prosperity of their projects from Dubai.
Cooperation between Dubai Chambers and the Confederation of Indian Industries focuses on stimulating intra-trade and investment, in addition to focusing on sectors of the future, including the digital economy, especially financial technology (FinTech), medical technology (MedTech), health technology (HealthTech), and agricultural technology (Agritech), in addition to the education sector and the agriculture and food products sector.
In April of last year, Dubai Chambers concluded a memorandum of understanding with the Confederation of Indian Industries with the aim of strengthening bilateral trade and investment relations between Dubai and India and advancing joint economic growth. The memorandum formed a framework to raise the level of cooperation in several key areas, so that Dubai Chambers supports Indian companies in establishing their businesses and expanding their presence in the emirate, by providing strategic services that will accelerate investment mechanisms.
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