Visakhapatnam:The United Arab Emirates (UAE) has participated in the 31st Confederation of Indian Industry (CII) Partnership Summit held in Visakhapatnam, Andhra Pradesh, India. Led by Abdulla bin Touq Al Marri, the Minister of Economy and Tourism, the UAE delegation joined the summit on November 12th and 13th, organized by CII in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT) under India's Ministry of Commerce and Industry.
According to Emirates News Agency, the summit, themed 'Navigating the New World Order Trade, Technology, Trust and Thought Leadership', served as a global platform for leaders, government officials, policymakers, investors, and industry leaders to discuss opportunities and challenges in trade, technology, trust, and thought leadership. Bin Touq emphasized the historical and growing economic partnership between the UAE and India, highlighting its expansion into new sectors.
Bin Touq noted the significance of the UAE's participation in the summit as a means to share insights on global economic changes and explore further collaboration between the UAE and India. He attended two key sessions, one focusing on global economic shifts and the other on enhancing bilateral investment between the two nations.
During the ministerial session, Bin Touq addressed the rapid economic changes worldwide and the need for enhanced international economic partnerships. He pointed out that the UAE and India have complementary strengths that can drive cooperation in future sectors, such as logistics, technology, and energy.
In the second session, he outlined the UAE's economic opportunities and advantages for investors, including a supportive legislative environment and advanced infrastructure. He also highlighted the support available to Indian companies looking to expand in the UAE market.
The summit included participation from notable figures such as T. G. Bharath, Shashwat Goenka, Abhishek Dev, and Dr. P. N. S. V. Narasimham, alongside the UAE delegation comprising government officials, diplomatic representatives, and representatives from companies and economic institutions like Dubai Silicon Oasis and DP World.
Source Wam