Dubai, India explore strategies to enhance trade, investment relations

Dubai, India explore trade cooperation
Image Via: WAM | Cropped by GBN
By News Desk, GCC Business News

Dubai Chambers has engaged in a meeting with India to explore strategies to enhance trade and investment relations between the two countries, as part of its commitment to driving sustainable economic development.

The meeting was held at Dubai Chambers’ headquarters in the presence of Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers Board, and Sunjay Sudhir, Ambassador of the Republic of India to the United Arab Emirates, discussed ways to strengthen economic cooperation between India and Dubai.

Dubai, India explore strategies to enhance trade
Eng. Sultan bin Saeed Al Mansoori
Chairman – Dubai Chambers Board

“We are dedicated to strengthening cooperation with countries worldwide to drive sustainable economic development and promote mutual growth. Indian companies rank first in terms of the number of foreign businesses operating in Dubai and play a vital role in the growth of all business sectors, reflecting the ongoing momentum in Dubai-India relations. Dubai Chambers remains committed to supporting the Indian business community in continuing its expansion across diverse sectors and leveraging Dubai as a launchpad to enter promising global markets. We encourage businesses in Dubai to develop strategic partnerships with their Indian counterparts. The Indian Business Council, which operates under the umbrella of Dubai Chamber of Commerce, plays a key role in strengthening bilateral trade relations.”

Al Mansoori also emphasized the importance of enhancing cooperation with India in the information technology field and leveraging shared expertise to advance digital and technological solutions in the logistics and aviation sectors.

Both sides discussed the ‘World Logistics Passport’ initiative by the Emirate of Dubai. The pioneering initiative seeks to expand trade opportunities, facilitate the flow of global trade, minimize costs, and shorten logistics service timelines, while also opening new avenues for its members to access global market opportunities.

The meeting also highlighted the promising growth opportunities for Indian entrepreneurs in Dubai, with a particular focus on leveraging the emirate as a gateway to enter international markets.

The discussion highlighted the advantages of Dubai International Chamber’s extensive network of 33 representative offices around the world, which support Indian businesses in expanding into both regional and international markets, reinforcing Dubai’s position as a leading global trade and investment hub. These include the chamber’s representative office in Mumbai.

The meeting underscored Dubai’s status as a preferred trade and investment destination for Indian businesses and entrepreneurs. In 2024, Indian companies accounted for highest number of new Dubai Chamber of Commerce memberships, with 16,623 new companies joining the chamber.

Important | CBUAE unveils new symbol for Dirham and issues digital currency

YOU MAY LIKE