Financial Daily from THE HINDU group of publications
Wednesday, Jun 15, 2005
Industry & Economy
`UAE in India' expo to be held in Mumbai
Abu Dhabi , June 14
TOP UAE Government corporations and free zone authorities will take part in the third `UAE in India' trade exhibition due to be held in Mumbai, from December 7-10 this year.
The show is being organised by the Dubai Chamber of Commerce and Industry (DCCI), in cooperation with Jebel Ali Free Zone Authority (JAFZA) and Dubai Department of Tourism and Commerce Marketing (DTCM).
Announcing details of the show in Dubai today, the organisers said they expected good participation by the UAE companies. Mr Abdul Rahman Ghanem Al Mutaiwee, Director General of DCCI, said: "Trade has always been one of the pillars of Indo-UAE relationship, and the `UAE in India Trade Show' would help boost the trade relations and ties with India."
He pointed out that trade between the two countries has dramatically increased. In 2004, he said the non-oil bilateral trade between Dubai and India touched $3.56 billion.
He said that the event is expected to attract a large number of Indian investors seeking to establish various enterprises in the free zones of the UAE, or to take Dubai as a regional base to reach the Gulf markets.
DTCM and Jafza also view the expo as an opportunity to showcase opportunities in Dubai, officials said. The event is being organised by International Expo-Consults (IEC).
Last year's show saw over 45 leading UAE firms participating and the expo attracted more than 11,271 business visitors during the 4-day period.
Numerous business partnerships, trade leads and deals and distribution set-ups and dealership networks have been revealed, according to the post event survey. This year the show will target more industry sectors including the rapidly expanding IT and finance industries in which India is a major global player, officials said.
Indian Consul General in Dubai, Mr Y.K. Sinha, emphasised on the importance of the exhibition in developing and enhancing the trade relations between UAE and India as well as developing the investments in both countries.
India has emerged as one of the most exciting markets in the world with a huge consumer market base comprising 300 million middle-class with high levels of disposable income.
With a significant growth over the last few years, India's GDP sets to grow at 8 per cent this year.
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