Honourable UAE Ambassador to India HE Ahmad Al Banna,Honourable Indian Ambassador to UAE Sri Navadeep Singh Suri, Dr.Azad Moopen – President of BLF & Chairman of Aster DM Healthcare, HE Aisha Abdullah Miran,Assistant Secretary General ,Strategy Management &Government Sector,The Executive Council of Dubai,HE Juma Mohammad AL Kait, Assistant Undersecretary foreign trade affairs at the UAE Ministry of Economy and Mr.Jaijit Bhattacharya – KPMG In a Panel Discussions on “Key areas of Strategic Partnership” held in connection with First UAE – India Partnership Summit (UIPS) at Armani Hotel Dubai moderated by Mr.Vikas Papriwal – KPMG
05th Nov, 2017 – Dr Azad Moopen President of the Business leaders forum and chairman of Aster DM Healthcare has declared the UAE-India Partnership Summit held under the auspices of the Business Leaders’ Forum at Dubai, a huge success. Dr Moopen also expressed hope during a panel discussion that a relationship of mutual cooperation would evolve in the fields of Technology, Space Science, Artificial Intelligence and Renewable Energy, as a result of the new accord that has developed between India and UAE.
The Business Leaders’ Forum has been started under the direct guidance of the UAE Ministry of Economy, and the Indian Embassy and Consulate General of India; and has been holding extensive events to accelerate bilateral trade between India and the UAE.
The seminar which was attended by various prominent people from the business world of India and the UAE, had generous representation from India.
Bilateral high-level discussion at second tier has been held in both countries lately, after the recent visits of leaders from both nations, for promoting investments at governmental level on the basis of mutual cooperation. The Indian Ambassador Navdeep Singh Suri, quoting the IMF, said that the atmosphere in India is now most suitable for foreign investment and commerce. He also added that the Indian High Commission was ready to cooperate to make opportunities for investments, especially through the Business Leaders’ Forum.
Participating in a panel discussion, the Secretary General of the UAE International Investor Council, Mr, Jamal Al Jarwan, congratulated the endeavour that went into gathering a capital of 700 million USD from Indian investors alone. He added that Arab investors would also come forward with investment in cooperation with such enterprises; and that capital was not a big deal if there were circumstances and functioning connected with the government which would facilitate growth of capital for investors.
The Minister of Economy for U A E, Sultan bin Saeed al Mansouri, pointed out that conditions were favourable in India for starting industries and there would be an endeavour to utilize this fully. The Minister also informed that even UAE was in the process of building new laws to promote investment.
UAE Minister of Infrastructure Development Dr. Abdullah bin Mohammed Belhaif Al Nuaimi pointed to reports and mentioned how there were now more investors ready to invest in big industries in India, as compared to the previous year.
Dr Ahmed Al Banna, the UAE Ambassador to India said that such podiums were meant to create conditions for more foreign investment in India as also for Indian businessmen to invest in the UAE too. He also said that traditional cultural and commercial relationships exist between India and the Arab countries since some time; and the solid relationship that has evolved between India and UAE, out of the recent visits by the leaders of the respective countries, would be beneficial to the business investors.
The two-day summit held at Hotel Armani at Burj Khalifa was led by the President of the Business Leaders’ Forum, Dr Moopen. He pointed out that the various discussions in the diverse sessions had elicited a good response.
Consul General of India Sri Vipul spoke of how a report from KPMG, the global accounting company, has mentioned that 11400 USD worth of foreign investment has been made in India in 2017, and UAE appears in the tenth place in this report, and that things would move further this year.
The higher officials who came in from the states of Telengana, Manipur, Uttar Pradesh and Jammu & Kashmir gave a clear perspective of the current industrial atmosphere and extended an invite to the industrialists. The other dignitaries who participated in the seminar from both the countries suggested that the respective nations and their investors should be geared up to convert the good relationships between the countries into an investment alliance.
DP World, the UAE company who has made extensive investments in India and the UAE, EMMAR, and Indian investors Yusuff Ali and B R Shetty were honoured by the BLF Governing Body Award Jury in the inaugural award ceremony.
Board Member of the BLF and Chairman of IUPS Organising Committee and Chairman of India Trade and Exhibition Centre Sudesh Aggarwal, Sripriyaa Kumaria, Director-General of ITEC and Secretary-General of BLF., and other BLF Governing Body members led the various sessions.
Dr.Azad Moopen, President of Business Leaders Forum (BLF) and the Office bearers of BLF with HE Sultan Bin Saeed Al Mansouri – The Minister of Economy for UAE, HE Dr.Abdullah Bin Mohammed Belhaif Al Nuaimi – UAE Minister of Infrastructure Development ,Sri Navadeep Singh Suri – Ambassador of India to the UAE,Sri Vipul -Consul General of India to UAE at first BLF UAE – India Partnership Summit held at Armani Hotel in Dubai along with the leading Indian Businessmen Shri MA Yousef Ali and Shri BR Shetty.