Chennai businesses explore opportunities in UAE market at roundtable

Team India Sentinels Wednesday 28th of February 2024 07:10 PM

UICC-CII Roundtable. (Photo via special arrangement.)

New Delhi/Chennai: The newly formed United Arab Emirates-India CEPA Council (UICC) partnered with the Confederation of Indian Industry (CII) to host a business roundtable in Chennai, on Wednesday. Over 20 representatives from various sectors like logistics, automotive, agriculture, and healthcare gathered to discuss potential benefits arising from the UAE-India Comprehensive Economic Partnership Agreement (CEPA).

The roundtable provided a platform for Indian exporters to learn about the CEPA and the broader strategic partnership between the two countries. Participants received insights into the recently launched “Bharat Mart” initiative, aimed at boosting Indian SME (small and medium enterprise) exports to the UAE and the wider Middle East and North Africa (MENA) region. Additionally, the Dubai Chamber of Commerce and Industry presented investment opportunities in Dubai for Indian businesses.

“We are excited to bring this roundtable to Chennai, a hub for diverse economic sectors,” said Ahmed Aljneibi, director of the UAE-India CEPA Council. He emphasized the council’s commitment to fostering closer business ties between the two nations and highlighted the CEPA’s potential to enhance cooperation across various sectors.

TT Ashok, member of the CII National Council, echoed the strong partnership between the UAE and India, emphasizing the collaborative potential showcased by the swift signing of the CEPA and the shared ambition to reach a $100 billion trade target.

The roundtable also featured discussions on increasing business engagement between the two countries and identified key measures taken to streamline regulations for importers and exporters. These measures, alongside initiatives promoting trade, innovation, and investment, are crucial in supporting the UAE-India partnership.

The CEPA serves as a foundation for the longstanding relationship between the UAE and India. The UICC remains committed to fostering open communication, facilitating tangible collaboration, and accelerating trade ties to ensure mutual growth and prosperity for both nations.


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