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Dubai
Chamber of Commerce hosts Indian president
Friday November 26, 2010 08:21:51 AM,
WAM
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President
Patil opens Indian centre in Sharjah
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Dubai:
The Dubai Chamber of Commerce and Industry Thursday hosted a
reception in honour of Indian President Pratibha Patil and her
accompanying business delegation here at the Raffles Hotel.
Besides the Indian delegation, the business luncheon reception was
attended by Maryam Khalfan Al Roumi, UAE minister of social
affairs, officials and representatives of Dubai's business
community.
In her speech, Patil said that India has been a dynamic partner of
the UAE in the trade and economic fields, emphasizing that trade
and investment are the cornerstones of the UAE and India
partnership.
She praised the policies of the rulers of Dubai in building
excellent infrastructure which have transformed the city into a
throbbing metropolis and a hub for international commerce and
trade.
The Indian president also pointed out the measures that can boost
considerably the current level of India-UAE trade, which include
reactivating the institutional arrangements like the India-UAE
Joint Business Council and the India-UAE Joint Commission for
Economic, Technical and Scientific Co-operation, in addition to
increasing their participation in specialized trade fairs and
exhibitions.
Patil added that there are many investment opportunities in both
countries and these opportunities lie in the energy and
agricultural sectors in addition to infrastructure.
Patil praised Dubai Chamber of Commerce and Industry and its
members for their contribution to promote and strengthen trade and
economic links between India and Dubai.
In his welcome address, Abdul Rahman Saif Al Ghurair, chairman of
Dubai Chamber, said the visit by the Indian president and her high
profile business delegation will help further strengthen the
age-old bilateral ties Dubai enjoys with India.
India has been occupying the No. 1 position in the list of Dubai's
top trading partners over the years. At the end of 2009, the
Emirate's non-oil trade with India stood at 112.2 billion dirhams,
including exports worth 52 billion dirhams and imports worth 59.9
billion dirhams.
Al Ghurair stressed that Dubai is home to a large number of Indian
companies both ownership and partnership, numbering 20,232
registered with Dubai Chamber and operating across various
economic sectors of the Emirate.
He added that Dubai's imports and exports with India are
concentrated on precious/semi-precious stones and metals,
agricultural products, textiles, base metals and products,
machinery, electrical and electronic equipment, as well as
footwear, ceramic products and glass and among others.
He also emphasized on the need to exploring investment
opportunities which he said is a key step in enhancing bilateral
trade between Dubai and India, as there are many potential
business opportunities in areas like infrastructure, agriculture,
food processing, and information technology services to trade,
export and re-export.
"I would urge the Indian businessmen to make use of Dubai's
strategic location of an international trade and business hub and
a gateway to the region," he said adding, "Dubai is an East meets
West destination, which facilitates the business community to
carry out their global operations in reaching out to the over two
billion consumers in the region.
"I would also call upon the Indians to take advantage of the
unlimited support provided by the government of Dubai, especially
by Sheikh Mohammed bin Rashid Al Maktoum, UAE vice-president and
prime minister and ruler of Dubai, to the business community from
over 180 countries."
He lauded the role of the Indian Business Council, which is one of
the oldest councils operating under the umbrella of Dubai Chamber
and has been contributing effectively to the economic development
of the Emirate.
He also stressed upon the role of the chamber in providing value
added services to the business community, while enhancing their
competitiveness in the global business arena.
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