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06/02/2018 12:31pm

UAE delegation calls upon Industry Minister Prabhu, discussed cooperation in service sector - SMEs

image UAE delegation calls upon Industry Minister Prabhu, discussed cooperation in service sector - SMEs

New Delhi, Feb 6 (KNN) Eyeing at strengthening bilateral relations between the two countries, a high level delegation from UAE met Minister of Commerce and Industry, Suresh Prabhu.

Prabhu during the meeting highlighted to the visiting delegation that India has a very strong services sector and India and UAE could formulate a comprehensive economic partnership for developing third country markets in Africa, Latin America and Central Asia.

The UAE delegation raised that the country is moving ahead from being an oil economy towards the path of becoming a knowledge based economy.

India with its good hold in services sector as well as SME, healthcare, technology ,education sectors, will be able to capitalise on the UAE’s strength as a hub to further expand India’s business interest in the region as well as Africa, the delegation opined.

The meeting is being seen as an important one ahead of the Prime Minister Narendra Modi’s visit to the UAE  for the World Government Summit(WSG) from 11-13 February, 2018.

The Prime Minister’s visit is expected to explore ways of increasing India’s reach to the Arab countries and also expand strategic partnerships in this region.

UAE has already announced plans to invest $ 75 billion over 10 years for India’s growing infrastructure projects.

The Abu Dhabi delegation was led by Ahmad Sultan Alfalahi, Commercial Attache in the Embassy of the United Arab Emirates, New Delhi.  (With PIB Inputs) (KNN/DA)

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