UAE Chapter of the UAE – India Business Council established to Boost Bilateral Trade and Investment
DUBAI : Marking the first anniversary of India-UAE Comprehensive Economic Partnership Agreement (CEPA), the UAE India Business Council – UAE Chapter (UIBC-UC) was established today to bolster economic ties and facilitate shared goal of enhancing bilateral trade and investment. The UIBC-UC was launched by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, in the presence of Ambassador of India to the UAE Mr Sunjay Sudhir, Consul General of India in Dubai Dr Aman Puri and founding members of the UBIC-UC.
The two nations aim to increase bilateral trade to $100 billion and attract $75 billion in investment from the UAE to India. The UIBC-UC is poised to play a crucial role in supporting both governments in achieving these objectives and maximizing the potential of the UAE-India relationship. By leveraging the strong bond between the two nations, the council brings together key partners and stakeholders from both nations and will serve as a valuable source of policy guidance, fostering innovative collaboration between Emirati and Indian businesses.
Speaking on this occasion, His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade highlighted that the establishment of the UAE Chapter of the UAE India Business Council marks a significant moment in the deepening of the relationship between the United Arab Emirates and India. He also mentioned that the Council will play a critical role in supporting the two governments in their joint mission to boost bilateral trade and investment. He expressed confidence that it will serve as a catalyst for innovative collaboration between our two great nations.
Ambassador Sunjay Sudhir who was present at the launch said, “The launch today marks a significant milestone in the strengthening of the relationship between the United Arab Emirates and India. I extend my sincere congratulations to all the founding members of the UAE India Business Council and look forward to seeing the council’s initiatives drive greater prosperity for both nations.”
The UIBC-UC will serve as the counterpart organisation to the UIBC India Chapter, which was established in New Delhi on September 3, 2015, by His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister for Foreign Affairs and International Cooperation, and Smt. Sushma Swaraj, Hon’ble Minister of External Affairs of India, during the 11th Session of the India-UAE Joint Commission Meeting.