The India – UAE Strategic Conclave 2017
The conclave last year brought government and business leaders together and explored the potential of bilateral and business ties between both the countries. It was organized under the aegis of H.E. Sheikh Nahyan bin Mubarak Al Nahyan, then UAE Minister of Culture and Knowledge Development. Participants deliberated over vital issues pertaining to speeding and expediting the investment mechanism in India. UAE investors also showed interest in specific sectors in India, especially in the Tier 1 and 2 cities.
Sharaf noted that there is $35.8 billion non-oil trade and $6.9 billion oil trade in 2016 between the two countries. With this volume of bilateral trade, India remains as the second largest market for the UAE’s oil and non-oil exports, while the UAE represents the second largest market for Indian goods worldwide. There has never been a better time to expand the business connections links between India and the UAE. There are enormous Indian investments in to the UAE. The business fraternity in both India and UAE are looking forward more investments from UAE into India.
The inaugural conclave laid the foundation of a very important platform for bilateral trade discussions between the two regional powerhouses and the second edition will take stock of the developments during the past year and deliberate on the future of this very important relationship.