UAE wants to boost bilateral investments with India

April 23rd, 2008 - 8:54 pm ICT by admin  

Dubai, April 23 (IANS) The United Arab Emirates (UAE) has sought more investment opportunities in India, underlining that New Delhi is an essential part of this Gulf nation’s Look East Policy as Commerce and Industry Minister Kamal Nath arrived here Wednesday. Sheikh Mohammed Bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai, said this in the course of a meeting with Kamal Nath.

Sheikh Mohammed expressed the desire to promote mutual investments in both countries and called upon the respective governments to work together in forging a new partnership, according to an Indian consulate press release here.

On his part, Kamal Nath conveyed the intention of the Indian government to work closely with the UAE in strengthening the historically close relations.

He also welcomed increased investments from the UAE in India and invited Sheikh Mohammed, Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and Crown Prince and Deputy Ruler of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum to visit India.

The minister also thanked Sheikh Mohammed and the UAE government for the importance attached by them to the welfare of the Indian community. There are around 1.4 million Indian workers in the UAE.

Sheikh Mohammed, while stating that in most major projects in the UAE Indians had played a crucial role, appreciated their hard work, discipline and contribution to the UAE economy.

India’s ambassador to the UAE Talmiz Ahmad, Consul General in Dubai Venu Rajamony and commerce and industry ministry joint secretary Renu Sharma accompanied the minister during his meeting with the Dubai ruler.

Earlier in the day, Kamal Nath also held discussions with UAE Minister for Higher Education Sheikh Nahyan Bint Mubarak Al Nahyan and Dubai Ports World Group chairman Sultan Ahmed bin Sulayem.

He also addressed a gathering of the Indian Business and Professional Council, Dubai.

The minister, who is on a two-day official visit to the UAE, will address a gathering of business leaders at an event hosted jointly by the Indian ambassador, Dubai Chamber and the Federation of Indian Chambers of Commerce and Industry (Ficci) here Thursday on ‘India and the Gulf - New Engagements in the 21st Century’.

He will also address the Emirates Bankers’ Forum the same day.

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