Seeking to promote the strategic partnership between India and the UAE, a summit will be held here next month to encourage investments into specific sectors and projects in the Indian states, according to a media report.
The two-day India-UAE Partnership Summit (IUPS) will be held in Dubai from October 30 where India is expected to attract large-scale investment opportunities from the The Gulf Cooperation Council (GCC) countries, the official WAM news agency reported.
The GCC is a political and economic alliance of Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman. It was established in 1981.
The Indian economy, which registered 8.2 per cent growth in the first quarter of the 2018-19 fiscal year the highest in recent history is expected to attract large-scale investment from the GCC to India.
"We are delighted to support the second IUPS being organised by the Business Leaders Forum (BLF). Its objectives and agenda fit perfectly into efforts to promote the strategic partnership between India and the UAE," said Navdeep Singh Suri, Ambassador of India to the UAE.
"I am confident that this summit will be an important step in encouraging investments into specific sectors and projects being promoted by the participating states," he added.
Vipul, Consul General of India, said, "I am happy that the second edition of the IUPS is being organised by the BLF this year in partnership with the consulate. The BLF did a good job in not treating the IUPS as a standalone meeting but following up on the discussions at the first IUPS in the past 12 months."