UAE-India launch Business Leaders Forum to enhance trade

DUBAI– The UAE and India announced the formation of the Business Leaders Forum (BLF) to boost bilateral trade between the two countries.

The forum will work towards strengthening the ties between both countries and enhance economic co-operation and investments. The BLF will provide a platform for the exchange of ideas and help investors unlock the enormous growth potential in the India-UAE corridor, besides leveraging the strong historical, cultural and economic relationship between the countries.

The forum is the outcome of the joint efforts of the UAE Ministry of Economy and the Indian diplomatic missions in the UAE.

Earlier in the year, both countries had agreed to firm up plans by June 2017 to develop a medium- and long-term strategy for increasing bilateral trade by 60 percent over the next five years. India Trade and Exhibition Centre (ITEC) will be the official secretariat for the forum and Sripriyaa Kumaria will serve as its Secretary-General.

Dr. Azad Moopen, President of BLF, said, ”BLF is a platform for an interactive exchange of ideas among the business leaders of the UAE and India. BLF shall facilitate the enhancement of trade and investment by acting as a one-point contact for raising issues faced by the investors in the two countries. BLF shall facilitate the formation of AED1 billion investment consortium.” Indian Ambassador Navdeep Singh Suri and Consul-General of India Anurag Bhushan expressed their approval on the formation of BLF in such a short time.

Abdulla Saleh, Under-Secretary for Foreign Trade and Industry, UAE Ministry of Economy, said, ”We stand united with the Indian missions in the launch of the Business Leaders Forum to further brotherly relations, economic ties and bilateral investments between the UAE and India.” Jamal Al Jarwan, Secretary-General of the UAE International Investors Council (UIIC), announced the signing of a Memorandum of Understanding with BLF to enhance investment and protect the rights of the UAE investors in India.

Dr. Ram Buxani, Senior Vice president, BLF, noted, “India with its huge human resources, and the UAE with its infrastructure and heritage has the scope to take trade and other co-operation between the two nations to new heights. The UAE considers India as its extended market and India must also consider the UAE as its window to the world market. BLF will facilitate this relationship.”

Sudesh Aggarwal, Chairman of ITEC, mentioned the BLF membership was by invitation only for the business leaders of India, the UAE and of other nationalities, who were friends of the two countries, and wished to do business with India or the UAE.

Source: Emirates News Agency

UAE-India launch Business Leaders Forum to enhance trade

DUBAI– The UAE and India announced the formation of the Business Leaders Forum (BLF) to boost bilateral trade between the two countries.

The forum will work towards strengthening the ties between both countries and enhance economic co-operation and investments. The BLF will provide a platform for the exchange of ideas and help investors unlock the enormous growth potential in the India-UAE corridor, besides leveraging the strong historical, cultural and economic relationship between the countries.

The forum is the outcome of the joint efforts of the UAE Ministry of Economy and the Indian diplomatic missions in the UAE.

Earlier in the year, both countries had agreed to firm up plans by June 2017 to develop a medium- and long-term strategy for increasing bilateral trade by 60 percent over the next five years. India Trade and Exhibition Centre (ITEC) will be the official secretariat for the forum and Sripriyaa Kumaria will serve as its Secretary-General.

Dr. Azad Moopen, President of BLF, said, ”BLF is a platform for an interactive exchange of ideas among the business leaders of the UAE and India. BLF shall facilitate the enhancement of trade and investment by acting as a one-point contact for raising issues faced by the investors in the two countries. BLF shall facilitate the formation of AED1 billion investment consortium.” Indian Ambassador Navdeep Singh Suri and Consul-General of India Anurag Bhushan expressed their approval on the formation of BLF in such a short time.

Abdulla Saleh, Under-Secretary for Foreign Trade and Industry, UAE Ministry of Economy, said, ”We stand united with the Indian missions in the launch of the Business Leaders Forum to further brotherly relations, economic ties and bilateral investments between the UAE and India.” Jamal Al Jarwan, Secretary-General of the UAE International Investors Council (UIIC), announced the signing of a Memorandum of Understanding with BLF to enhance investment and protect the rights of the UAE investors in India.

Dr. Ram Buxani, Senior Vice president, BLF, noted, “India with its huge human resources, and the UAE with its infrastructure and heritage has the scope to take trade and other co-operation between the two nations to new heights. The UAE considers India as its extended market and India must also consider the UAE as its window to the world market. BLF will facilitate this relationship.”

Sudesh Aggarwal, Chairman of ITEC, mentioned the BLF membership was by invitation only for the business leaders of India, the UAE and of other nationalities, who were friends of the two countries, and wished to do business with India or the UAE.

Source: Emirates News Agency