UAE, India explore trade, investment at Gujarat Summit

Thursday, 11 January 2024 09:11

By ARN News Staff

The UAE and India have explored ways to enhance trade and investment opportunities at the 10th edition of the Vibrant Gujarat Global Summit.

The summit saw a UAE economic delegation led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, who lauded the event as "an important platform for discussions, communication, and exchange of knowledge and expertise".

He held talks with India's Minister of Commerce and Industry Piyush Goyal to discuss the progress of the implementation of the Comprehensive Economic Partnership Agreement (CEPA), which will complete its second year in May 2024.

Al Zeyoudi also met Gujarat's Chief Minister Bhupendrabhai Patel to discuss ways to stimulate investment flows and agreed to continue exploring opportunities in sectors of common interest.

The UAE pavilion witnessed a record turnout of business leaders and private sector representatives.

On the sidelines of the event, the UAE Ministry of Economy, in cooperation with the UAE Embassy in New Delhi and the Confederation of Indian Industry, also organised the UAE-India Business Summit, which was attended by a number of ministers and officials from the two countries.

During the summit, Al Zeyoudi gave an opening speech highlighting the benefits and achievements of CEPA, and urging business leaders to continue exploring shared opportunities.

A new website of the UAE-India CEPA Council was launched during the summit, designed to encourage cooperation between SMEs and start-ups in the two countries. The website will be supported by a promotional campaign across India, covering 11 states through 17 separate events.

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