H.E. Dr. Rashid Bin Fahd meets With Indian Prime Minister to Discuss Promotion of Joint Economic Relations

Gujarat - India, 11 January, 2017: H.E. Dr. Rashid Ahmed Bin Fahad, UAE Minister of State, discussed means to improve economic ties, increase areas of collaboration and raise bilateral trade and financial investments with H.E. Narendra Modi, the Indian Prime Minister, throughout a meeting held on the sidelines of the browse through of a top-level delegation from the UAE to India headed by H.E. Dr. Bin Fahad. The delegation is participating in the 8th Vivid Gujarat Global Summit running from January 10 to 13, 2017 in Gandhinagar, the resources of Gujarat state in India.

The delegation is currently being accompanied by H.E. Abdullah bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry, H.E. Dr. Ahmed Al Banna, UAE Ambassador to India, and a variety of senior officials.

The meeting dealt with means to enhance and reinforce financial and investment collaborations in locations of usual rate of interest, most significantly facilities, power, and tourism.

H.E. Dr. Bin Fahad started the session by extending the introductions and best wishes of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Royal prince of Abu Dhabi and Deputy Supreme Commander of the UAE Army, to the Republic of India. The leaders expressed their desire for progression and prosperity for the people of India, for his part, the Indian Prime Minister matched His Highnesses and wanted further growth and prosperity for the United Arab Emirates and its individuals also.

H.E. Prime Minister Modi commended the UAE's participation in the continuous summit of Gujarat along with the upcoming Partnership Summit slated for the end of this month in India. H.E. stressed the distinguished historic bilateral connections binding the UAE and the Republic of India and their common wish to boost teamwork, especially on the financial and trade fronts. He noted their shared goal of achieving further progress and expansion in bilateral sell the coming year, articulating his hope of achieving high degrees of partnership showing the abilities and capabilities enjoyed by the 2 sides.

The Prime Minister likewise explained his country's rate of interest in enhancing UAE financial investments in the Indian markets, particularly in development tasks involving facilities, logistics solutions, flight terminals, and ports. He stated that UAE business have been extremely effective and effective in its global experiences in these areas. H.E. included that renewable energy and tourist are of high priority for the Indian Government.

On the other hand, H.E. Dr. Bin Fahad emphasized the UAE's commitment to elevating financial and trade ties with India and additional discovering more comprehensive collaboration in several markets of usual interest which serve the development objectives of their countries.

H.E. Bin Fahad proceeded by saying that India is among one of the most eye-catching markets for UAE investments due to its high growth rate. He kept in mind that the framework, power and tourist markets are of high priority for the UAE under its growth vision and supply numerous chances for improved mutual investments in the future.

The Prime Minister even more pointed that due to their durable economic relationships and the deep ties binding their business neighborhoods supported by a mutual need to optimize cooperation, their financial and trade relationships are expected to witness huge leaps in the next phases and attain further advancement at all degrees.

H.E. Dr. Bin Fahad also helped with a meeting with H.E. Vijay Rupani Chief Minister of Gujarat, which was participated in by H.E. Al Saleh and H.E. Al Banna.

Both sides talked about locations of cooperation and ways to expand common investments and foster more detailed ties between their business neighborhoods. They highlighted the most promising sectors for developing collaborations of mutual benefit.