New edition of ‘Investopia UAE-India’ launched to accelerate investment

Investopia announced the launch of the new edition of its global dialogues, “Investopia UAE-India,” in partnership with the Confederation of Indian Industry (CII), under the theme “Accelerating UAE-India Investment.” The event witnessed five panel discussions aimed at stimulating investment in new economic sectors, technology, tourism, family businesses, e-commerce, and innovation. They were aimed at exploring supportive solutions for expanding UAE-India partnerships in these sectors at the vital sector level.

The announcement took place at an event in the presence of Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of Investopia, R. Dinesh, President of CII, Chandrajit Banerjee, Director General of CII, and Satish Sivan, the Consul General of India to Dubai. The event saw the participation of more than 40 officials and executives at the local, regional, and global levels.

Bin Touq stated: “Since its inception, Investopia has adopted an ambitious vision to stimulate investment and expansion into new and sustainable economic sectors, considering their importance as future sectors that support the sustainable growth of the world’s economies. Today, we are witnessing a significant milestone through the new economy dialogues of ‘Investopia UAE-India,’ launched in partnership with the Confederation of Indian Industry. The initiative sets a new roadmap for advancing investment in future economies, enhancing the benefits available to the UAE and Indian business communities from the promising investment opportunities created by these vital sectors.”

He emphasised that Investopia’s distinguished global dialogues support the strategic direction of the “We the UAE 2031” vision to transform the country into a global hub for the new economy in the next decade.

The Minister of Economy affirmed that the economic relations between the UAE and the Republic of India continue to enjoy steady growth. This robust economic partnership has enhanced the vitality of trade and investment flows in their markets and various regional and global markets. The economic cooperation between the two countries creates business and investment opportunities for a population of over 3.8 billion.

“We consider the Indian business community as a key trade partner for the business sector in the UAE. We are confident that the commonalities in visions and strategies for expanding into new economic sectors will enhance fruitful partnerships led by the private sectors of the UAE and India, pushing bilateral relations towards more advanced prospects and prosperity,” H.E. added.

Moreover, the Minister of Economy highlighted the UAE’s pioneering economic experience in accelerating the transition towards the new economic model based on knowledge and innovation. This includes the expansion into sustainable sectors such as environmental protection, circular economy applications, and clean energy. He also discussed legislative developments in the business environment, most notably the granting of 100 per cent foreign ownership for companies and investors in key economic sectors, and the incentives and benefits offered to attract companies to the promising and opportunity-rich UAE market, stimulating fruitful business partnerships in the future sectors. This contributes to enhancing sustainable growth of the national economy and the doubling of national GDP to reach Dhs3 trillion by the next decade.

In this context, he called on the Indian private sector and the event attendees to explore promising growth opportunities in the UAE. He also emphasized the strategic geographic location of the UAE as a vital link connecting the East and West, serving as a key global trade hub.

R. Dinesh, President of CII, stated, “It is necessary to capitalise on the opportunities arising from the recent COP28 conference hosted by the UAE that contribute to shaping a more sustainable future to ensure a legacy of prosperity for future generations. The UAE-India economic partnership is unparalleled, characterized by unprecedented business and investment successes. We will continue to work together to create opportunities and enablers for the growth and prosperity of the economies of the two friendly countries. This collaboration aims to build sustainable partnerships and strengthen economic relations between the two nations.”

In the same context, Chandrajit Banerjee, the Director General of CII, said: “The India-Middle East-Europe Corridor (IMEC), unveiled at the G20 Summit, will contribute to a qualitative shift in trade dynamics, stimulating economic development across Asia, the Gulf, and Europe. This economic corridor creates a new era of shared cooperation and mutual understanding, reflecting the significance of the trade route.”

“CII is committed to participating in important global forums, such as the Leaders’ Summit of the I2U2 and the G20 Summit. Through our participation in ‘Investopia UAE-India,’ we look forward to enhancing cooperation to guide efforts in new and sustainable economic sectors, accelerating economic development, and exploring new avenues for collaboration with the UAE”, he added.