GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Others

 
  Share
  • Delegation of UAE businessmen visit Mumbai, Ahmedabad as part of Global Business Forum roadshow
  • Chamber reveals plans to open representative office in India later this year
  • H.E. Al Ghurair: 29% of new companies registered with Dubai Chamber in 2016 were Indian; total number of Indian members has exceeded 36,000
  • H.E. Buamim: UAE and India have historic ties that have strengthened in recent decades with the increase of bilateral trade and investment

Dubai, UAE, March 20, 2017: The Dubai Chamber of Commerce and Industry recently concluded a successful trade mission to India which was organised to facilitate economic cooperation and explore trade and investment opportunities in the country.

The trade mission, part of the Chamber's Global Business Forum roadshow, was joined by dignitaries, officials and businessmen, who visited Mumbai and Ahmedabad, and met with key stakeholders from the cities' public and private sectors.

During the visit, plans were revealed by the Chamber to open a new representative office in Mumbai later this year, with the aim of boosting bilateral trade and assisting UAE-based companies that want to enter the Indian market. The office will also work to promote Dubai as an attractive trade and investment hub, and attract Indian companies that plan to expand to Dubai and access markets in the GCC and Africa.

High-level meetings and sessions were attended by H.E. Devendra Fadnavis, Chief Minister of Maharashtra, H.E. Vijay Rupani, Chief Minister of Gujarat, H.E. Ahmed Abdulrahman Al Banna, UAE Ambassador to India, Chamber officials, and representatives from India's private sector.

H.E. Fadnavis lauded Dubai Chamber's efforts to strengthen trade relations with India over the years, noting that Dubai is an ideal partner as the emirate shares historic trade and cultural ties with India.

Addressing delegates in Mumbai, H.E. Majid Saif Al Ghurair, Chairman, Dubai Chamber, highlighted the importance of the roadshow as it provided an ideal platform for UAE companies to learn about India's business environment, while it also enabled the Chamber to showcase the various advantages that the emirate can offer Indian businesses.

H.E. Al Ghurair revealed that the number of Indian companies registered with the Dubai Chamber now exceeds 36,000. He added that Indian companies accounted for 29% of all new members in 2016, and noted the important contribution of Indian businesses to the emirate's economy.

Dubai Chamber's Chairman stated that the trade mission to India helped build on progress that was achieved following the recent visit of H.H. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces to India. During the visit, 14 strategic agreements were signed between the two countries that aim to boost cooperation in a wide range of sectors and areas.

Speaking during a meeting with H.E. Rupani, H.E. Hamad Buamim, President and CEO, Dubai Chamber, explained that the visit falls in line with the Chamber's strategy to explore promising markets and identify opportunities that offer the most potential to its members. He pointed out that India remains Dubai's second largest trading partner in 2016 with AED 94 billion in non-oil bilateral trade, adding that the agriculture, pharmaceuticals and textile industries accounted for a large share of this volume.

Dubai Chamber's President and CEO described the move to open an office in Mumbai as a step in the right direction, and stated that it would help facilitate investment flows between the UAE and India in a number of sectors.


Posted by : GoDubai Editorial Team
Viewed 3703 times
Posted on : Monday, March 20, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story :
Next Story :
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Bourjois Healthy Mix
Prada Luna Rossa Carbon
Kids Get Groovy in COÉGA Sunwear Spring/Summer 2017 collection
Bourjois: Blow a Kiss for Mother's Day
Paul Marciano and Al-Futtaim Celebrate GUESS' 35 Year Anniversary with Spectacul...
Eco-Drive FD2033-52W: Elegant timepiece from Citizen
BIODERMA Introduces Photoderm NUDE Touch SPF50+
Introducing NEW Olay Regenerist Microsculpting Cream SPF30
Bridging refinement and watchmaking know-how Golden Bridge Rectangle
BIODERMA launches Photoderm Brume solaire MAX SPF50+
Longines Global launch of Conquest V.H.P.: a new milestone for quartz technology
Invigorate your eye care routine with FOREO's next generation eye massager, IRIS
RAYMOND WEIL Freelancer Chronograph Inspired By the “Gibson Les Paul” Guitar
Cocktail and Bridal Couture by International Brand Label based in Dubai, Kara by...
Are You Ready for World Class Pinoy at Max's?
Kara by KK: Wedding Season - Fashion Product Placement
Elizabeth Arden: White Tea fragrance
Nautical & Floral Designs take center stage in the Max' Spring Collection 2017
A Homage to Cuba for Spring/Summer'17 by F&F
Celebrate Life's Key Moments with Mouawad Jewelry
Ulysse Nardin Jade “Grand Feu”
Gucci Eyewear Spring/Summer 2017
Elizabeth Arden: Eight Hour® Miracle Hydrating Mist
Browz's Lip Blush Treatment is Perfecting the Pout
Burberry Eyewear: His and Hers
Doha Bank named ‘Best Trade Finance Bank' in Qatar at Global Finance Awards 2017
Clearly Corrective Brightening and Smoothing Moisture Treatment
Lose the Back Pain at Work
Danube Dubai Fashion League showcases stunning designs amidst UAE's fashion elite
Al-Futtaim Relaunches Household Electronics Brand ‘Aftron'
Sharjah Museums to Open Unique Photographic Exhibition of Muslim Communities in China
Re - Salons and Spas celebrate Women's Wellness on International Women's Day
World's Best Family SUV – the All-New Land Rover Discovery Makes its Debut in th...
Centrepoint Wins Double Gold at Dubai Lynx for Sale Film
Breakfast to Be Available Around the Clock as McDonald's UAE Launches National B...
Hassan Al Qayedi, Afra Al Badi emerge champions in Fazza Championship for Shooti...
Danube Properties Launches Eight Realty Project ‘Resortz'
UAE Research Program for Rain Enhancement Science takes its call for innovation ...
LG shares insights on the six trends changing the mobile landscape
Technology and Innovation Key to Leveraging Heavy Oil's Untapped Potential, says...
LG Steals the Spotlight With Record Number of 2017 if Design Awards
Art Jameel enters new phase of development
Etihad Airways Crowns Winner of ‘Taste the World' at Taste of Hong Kong
Treat your mom this Mother's Day with Huawei
Cancer and Heart Disease Account for 85% of Critical Illness Claims in the UAE
Customs World inks cooperation agreement with Dominican Customs
IKEA Spreads Cheer on International Day of Happiness
QNET Wins 2016 Sitecore Experience Award for Omnichannel Automation: Best E-comm...
Etihad Airways to Launch A380 Flights to Paris
The UAE Goes Green for Ireland's National Day