International
shared challenges and
opportunities, manage
globalisation and
share the benefits of
modern technologies.
This will help take
advantage of the
emerging position
occupied by both
India and the UAE in
the world economy,”
he added.
H.E. Sheikh Nahyan
bin Mubarak Al
Nahyan elaborated
that the UAE and India
have been friends for
many centuries and
that extended through
several generations
of families from both
countries. Leaders of
the modern UAE have
exercised their wise
judgement in favour of
friendship with India
for over 45 years.
Both countries now
work on the measures
to strengthen mutual
political, economic,
commercial and
cultural relations.
“Earlier this year, the
Prime Minster of India
Narendra Modi signed
a Memorandum
of Understanding
with H.H. Sheikh
Mohammed bin Zayed
al Nahyan, Crown
Prince of Abu Dhabi
and Deputy Supreme
Commander of the
UAE Armed Forces,
who was India’s Chief
Republic Day Guest.
The MoU pertains
to a wide range of
bilateral economic
activities and an
ambitious roadmap
for engagement and
strategic partnership,”
he remarked.
H.E. Sheikh Nahyan
bin Mubarak Al
Nahyan reiterated,
“This partnership has
furnished outstanding
results, as the UAE is
India’s third largest
trading partner,
and the UAE ranks
ninth among all
nations measured by
their foreign direct
investments in India.
Indian expatriates in
the UAE have led the
world by remitting
almost 25 per cent of
the total $62.7 billion
dollars of foreign
transactions received
by India in 2016.”
In his keynote address
H.E. Navdeep Suri,
Indian Ambassador
to the UAE, said,
“There has never
been a better time to
expand the business
connections links
between India and
the UAE. There are
enormous Indian
investments in to the
UAE. We want to see
much more business
and investment
interests from the
UAE into India,
and I hope that a
conference like this
would certainly take
that forward. The
strategic partnership
signed between India
and the UAE at the
beginning of this year
is being progressively
translated into reality,
and the links between
India and UAE are
getting strengthened
in entirely new areas.”
In his welcome
address, Mr. Deepak
September 2017
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