Dr. Ahmed Abdulrahman Al Banna, UAE Ambassador to India, held a discussion session with leading Emirati companies in India, which was organised by the “UAE-India Joint Business Council.”
The session aimed to provide a platform for Emirati companies to express their fears and opinions and exchange expertise, as well as to explain their expansion plans in India to Al Banna.
Al Banna highlighted the importance of holding follow-up meetings and requested the companies to prepare summaries of their unresolved issues.
The discussion witnessed the participation of heads of leading Emirati companies in India, including DP World, Emirates Airlines, Etihad Airways and Abu Dhabi Commercial Bank.
It was also attended by Mohammed Saleh Ahmed Al Teneiji, UAE Consul-General in Mumbai, Ahmed Sultan Al Falahi, Commercial Attache at the UAE Embassy, and Abdul Salam, Director-General of the UAE-India Joint Business Council.
At the start of his speech, Al Banna welcomed the representatives of the Emirati companies and highlighted the growing bilateral relations between the two countries, especially in the areas of the economy and trade. He also explained the creation of a fast track system for the UAE’s investments in India, to assure Emirati companies in the country.
The system, which is managed by Al Banna and Ramshik Abhishek, Secretary of the Department Of Industrial Policy and Promotion and Indian Ministry of Trade and Industry, was created based on a decision taken during a meeting of the “UAE-Indian Investment Work Team,” which was headed by H.H. Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, and Suresh Prabhu, Indian Minister of Commerce and Industry and Civil Aviation in Mumbai, and was held on 15th October, 2018.
Al Banna noted that, according to the directives of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, there is need to establish a youth platform within the UAE�India Joint Business Council, to promote young Emirati talents and their Indian counterparts.
The Emirati companies welcomed Al Banna’s suggestion and agreed to send their issues to his office.
Al Falahi highlighted Al Banna’s ongoing efforts to create an early mechanism to ease the investment fears of Emirati companies in India.
The companies agreed to form various sub-committees, such as those related to aviation, logistical services and banks, to discuss their common issues.
The discussion ended positively and the companies agreed to hold regular follow-up meetings and prepare a future roadmap, to settle their investment fears in India.
Source: UAE Ministry of Foreign Affairs