India, UAE Launch Business Council To Accelerate Bilateral Trade & Investment
Date
2/20/2023 4:11:21 AM
(MENAFN- KNN India)
India, UAE launch Business Council to accelerate bilateral trade & investment New Delhi, Feb 20 (KNN)
India and United Arab Emirates (UAE) jointly launched a Business Council - UAE chapter to boost economic ties and facilitate enhancing bilateral trade and investment.
It was launched last week marking the first anniversary of the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Both the countries signed a CEPA on February 18, 2022 to improve trade ties following a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan.
It was launched Saturday by Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, in the presence of Ambassador of India to the UAE, Sunjay Sudhir, Consul General of India in Dubai Aman Puri and founding members of the UBIC-UC.
Both the countries aim to increase bilateral trade to USD 100 billion and attract USD 75 billion in investment from the UAE to India.
It is intended to play a crucial role in supporting both governments in achieving these objectives and maximising the potential of the UAE-India relationship.
(KNN Bureau)
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