The recent state visit of Indian Prime Minister Narendra Modi to the UAE begun a new era of bilateral relations and opened up new opportunities for trade and commerce.
The UAE-India Infrastructure Investment Fund is an indicator of the true potential this relationship holds.
The Arab-India Economic Forum (AIEF) in strategic partnership with the Consulate General of India in Dubai has been launched, focussing on key growth sectors. It will address the policy framework and guidelines required to attract Arab investors and industrialists. It will be a strong platform for Indian businesses aiming to explore the Middle East market.
During his speech at Masdar City Prime Minister Narendra Modi said, "All major global institutions such as IMF, World Bank and Moody's agree that India is the world's fastest growing economy and has huge development potential."
The 'Make in India' initiative for instance, has already started yielding positive results. The OECD forecasts India is the only country among top economies to increase its pace of growth. According to the IMF, India will be the second fastest growing economy soon.
The Arab India Economic Forum will provide a critical platform for introducing India to the Middle-East community, and bringing to the fore the latest trends and developments in Renewable Energy, Innovation and Digital India.
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The focus shall be on opportunities in infrastructure, alternative energy, digital India, tourism and finance.
The forum will bring together political and business leaders from United Arab Emirates, Kingdom of Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Jordan, Egypt and India, who shall discuss strategies and solutions to investor challenges in India due to taxation and policy related issues in India and how the government can assist in creating a conducive business environment for investors.
Bloomberg Businessweek Middle East, one of the strategic media partners of the event, would host key panel discussions, with over 300 high profile delegates expected to attend the Arab-India Economic Forum is a once in a lifetime opportunity.