Mr. Jayant Sinha, Union Minister of State for Finance, Government of India addressed UAE business leaders discussing the “Make In India” campaign as well as investment opportunities in India at a gathering held on 12th April, 2015 at the Taj Dubai. The event was hosted by Alpen Capital (ME) Limited and Barjeel Geojit Securities LLC under the patronage of the Consul General of India in the UAE and in association with the GCC Chapter of ASSOCHAM (Associated Chamber of Commerce and Industry of India), India’s apex Knowledge Chamber.
Mr. Sinha highlighted the role of India as one of the fastest growing economies in the world and talked about the investment opportunities available to investors across sectors. He also stressed on the favorable reforms introduced by the Indian government and the drive towards “Make in India”. The session also included a talk by Ms. Chitra Ramakrishna, MD & CEO of the National Stock Exchange (NSE) who talked about the capital markets and its recent developments that could be of interest to UAE investors.
The event was attended by over 100 business leaders from across the UAE including prominent members of the Indian community.
“The Indian government believes in empowerment of the Indian people over merely providing entitlements. It is a pro - business and pro - poor government working towards creating jobs, that will eventually spur India’s GDP growth rate to 8% -9%. As honorable Prime Minister said, we will roll the red carpet for the foreign investors and not red tapism. This belief forms a part of the "Make in India" campaign. One of the initiatives to support this campaign is the National Investment and Infrastructure Fund (NIIF), established in 2015-2016 budget to ensure that India's infrastructure matches its growth ambition” Jayant Sinha, Union Minister of State for Finance, Government of India
“We are greatly encouraged by the series of economic reforms that have been undertaken by the Indian government. The historic economic cooperation between the UAE and India is a prime example of our strong partnership, but we believe that there are many further unexplored opportunities. The visit by HE Mr Jayant Sinha is a reflection of this historic relationship and shows the keenness of both sides to further strengthen it” says Sheikh Sultan Bin Sooud Al Qassemi, Chairperson, Barjeel Geojit Securities
“As one of India’s largest trading partners, GCC countries and foremost UAE provide tremendous potential for collaboration in keys sectors such as Power, Oil & Gas, Infrastructure, Healthcare, Tourism and Sovereign Investments, amongst others. ASSOCHAM launched its GCC Chapter in November 2014 to strengthen economic and commercial relations between India and the GCC nations. To further galvanize this Globalization drive, ASSOCHAM has recently institutionalized the GLOBAL INVESTORS’ INDIA FORUM (GIIF), which will leverage the Chamber’s network of 14 International Offices as well as 14 International Business Promotion Councils, and 77 Sectoral and Regional Councils in India, to improve ‘Ease of doing business’ and mobilize investments to actualize ‘Make in India’ by positioning India as the No. 1 investment destination globally", says Rana Kapoor, President, ASSOCHAM
“India is emerging as the preferred investment destination and large foreign direct investment are now being directed into various sectors of India. The UAE being one of the largest trading partners of India, it is imperative to strengthen this relationship further and facilitate more investment flows between the two countries”, says Anurag Bhushan, Consul General of India in UAE