(Photo:WAM)

The fourth edition of the annual UAE-India Economic Forum (UIEF)  is set to take place at Habtoor Grand Resort in Dubai … reports Asian Lite.

(Photo: WAM)

The UIEF is supported by the Telangana Chamber of Commerce and Industry and Gujarat Chamber of Commerce and Industry. The Forum with the aim of strengthening ties and bilateral trade relations will bring together over 350 delegates from the UAE and India.

The UIEF represents a new stage in the economic relationship between both the countries that share a vision to project the current US$40 billion bilateral trade to US$100 billion by 2020 according to reports. This can only be achieved with sustained efforts to constantly engage the key stakeholders, government authorities and investors in a dialogue which strengthens their faith in the establishment.

The event will focus on the benefits of the increased collaboration in investment, trade, infrastructure, ports, banking, finance, and tourism between the UAE and India. The summit promises to provide exclusive insights into critical topics such as investments, tourism, banking and finance, renewable energy, real estate, and technology.

Commenting on the fourth edition of the UIEF, Alpana Roy, Executive Vice President at UMS Group, said, “We are glad to announce the fourth edition of the UAE India Economic Forum. The Forum is an established platform to discuss new policy framework and explore investment opportunities across industries between the UAE and India. In recent years both countries have re-energised their bilateral trade relations with the recurring visits of their respective leaders to discuss the future of trade and investments. We are aware that the trading links between the UAE and India have existed since long.”

“The UAE enjoys a broad and comprehensive economic relationship with India based on mutual interest. Another growing area of economic cooperation between the two countries is investments. The UAE has invested over US$5 billion in India through FDI and foreign institutional investors, which makes it one of the leading investors in India. On the other hand, India is the third largest investor in UAE; Indian companies have contributed to the prominent projects in UAE. With both governments showing clarity in their vision to gain the most from this partnership, the ambitious goal of reaching US$100 billion in the trade by 2020 now seems achievable,” she added.

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