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ABU DHABI / Emirates Business
HE Eng Sultan bin Saeed Al Mansoori, UAE Minister of Economy, discussed ways to further deepen the existing economic and trade ties with the Republic of India during a meeting with a high-level delegation of Indian businessmen and private sector representatives headed Shobana Kamineni, President of the Confederation of Indian Industry (CII). The Minister also touched on important areas for establishing new partnerships that benefit their countries’ respective development visions.
The group emphasized the common desire to deepen aspects of cooperation in various economic fields, and to explore new opportunities for partnerships to further enhance the volume of bilateral trade and investments as well as push cooperation to more advanced levels.
HE Eng Al Mansoori highlighted the distinguished partnership between the UAE and India, which he noted are based on strong historical roots and the common desire to continue diversifying cooperation in various economic and developmental fields.
HE added that the advanced level of mutual investments between the two sides reflects the level of confidence on their respective private sectors and the common desire to develop several partnerships that serve their common goals and interests. He shared that the UAE’s total investments in the Indian markets is estimated at USD 10 billion.