UAE and India aspire for new economic era: Al Kait

By Rajive Singh

DUBAI 18 November 2017: The UAE Ministry of Economy plans to reaffirm its commitment to supporting the diversification and reinforcement of partnerships between the UAE and India as both the countries undergo new phases of economic growth, says the ministry’s Assistant Under-Secretary of Foreign Trade Affairs, Juma Mohammed Al Kait.

While delivering his keynote address at the UAE – India Economic Forum 2017, UIEF, which was held in Dubai recently, Al Kait said that UAE and India are aspiring for a new economic era. “The UAE is marching towards post-oil period supported by innovation, knowledge and entrepreneurship; meanwhile India is working on the establishment of a local common market, demonetisation and activating the economic roles of women, among others,” said Wam.

“India and UAE have built solid foundations as economic partners. A number of commercial and economic agreements between both the countries cover economic, trade and technical cooperation; avoidance of double taxation; and protection and promotion of investments. In the aviation sector, over 1,000 direct flights connect the UAE to the main cities of India every week,” he added.

Al Kait looked forward to further partnerships between both the countries in sectors like industry, travel and tourism, agriculture, renewable energy, transport, education, health, technology, water, space and small and medium sized enterprises, SMEs.

Al Kait with Vachani
Al Kait with Vachani

Al Kait later honoured Kamal Vachani, Hon. Regional Director of Electronics and Computer Software Export Promotion Council (ESC), with Qadat Al Tagheer Award for Excellence in India-UAE Trade Promotion.

Vachani said he was happy to receive the award for his contribution to promote India-UAE Trade and ensure that ICT trade between the two countries grow multi-fold in the years to come.