Abu Dhabi business mission to explore opportunities in India

Haseeb Haider
Filed on September 29, 2010

abu dhabi — A business mission comprising leading Abu Dhabi-based investors will visit India early next year to explore investment opportunities in different sectors of its fast growing economy.

The mission is part of India’s efforts to attract investments from Abu Dhabi, which is home to world’s leading institutional and private investors.

Abu Dhabi Chamber of Commerce and Industry (ADCCI) will organise the visit expected to take place early next year, to explore possibilities of investment in both countries.

In this connection, a preparatory meeting was held between the Chairman of Abu Dhabi Chamber of Commerce and Industry, or ADCCI, Mohammad Thani Al Rumaithi and the Indian Ambassador to the UAE M K Lokesh in which both sides exchanged views on the current business trends and reviewed the market scenarios in the two countries.

Commenting on the proposed visit, India’s Ambassador to UAE M K Lokesh said that the UAE has been one of the major business partners of India for a long time and “we want to further strengthen it and take it to next level.”

The ADCCI has shown great enthusiasm towards Indian market and the opportunities available there and now we will be planning and finalising the schedule of the visit soon, the ambassador said.

M K Lokesh said “the idea is to give the business leaders of Abu Dhabi, an overview of the emerging business opportunities in Asia’s third biggest economy and facilitate networking with Indian business houses.”

Yusuffali M A, a director of the ADCCI, who was also present in the meeting, said: “I want the major groups from both countries to explore new joint ventures in different sectors of the economy, as business opportunities are enormous.”

He said that the plan is to visit major business hotspots like Mumbai, Delhi, Bangalore and Kerala and hold high level meetings with the top government officials and trade bodies like Federation of Indian Chamber of Commerce & Industry (FICCI), Confederation of Indian Industries (CII) along with heads of major business groups.

With strong all round growth and share market posting positive gains, India is one of the top performing economies of the world attracting huge foreign investments in a multiple of business sectors including telecom, infrastructure, automobile, travel & tourism and retail.

The huge population and expanding middle class coupled with government’s liberalised economic policies are ideal for GCC investments into India in near future, said Yusufali.

ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM Business
MORE FROM Khaleej Times
CurrentRequestUnmodified: /business/ministry-of-economy-ded-sign-agreement-on-trade-protection macro_action: article, macro_profile: ,1036,1000 macro_adspot:
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery