India-UAE Strategic Partnership on the anvil
Minister of Commerce and Industry Piyush Goyal has called upon the NRIs and Indian diaspora to invest in India ‘unhesitatingly’, adding, “There is a great opportunity in extraordinary growth in India.”
Addressing the Indian People’s Forum (IPF) Business Conclave in Dubai on 3 Oct 2021, Goyal said this is the right time for India’s vast expatriate community to invest in their motherland.
Goyal visited Dubai to inaugurate the India Pavilion at EXPO 2020 which observers said is a major step towards boosting Indo-UAE Strategic Partnership and taking trade and investment between countries to unprecedented levels.
Stating that India and the UAE are going to celebrate 50th anniversary of establishment of diplomatic relationship next year, Goyal said, “This is a good opportunity to take our ties to the next level.”
The Minister underlined that the 3.4 million strong Indian diaspora in the UAE acts as a bridge between the two countries.
“We are seeing rise in economic indicators despite the pandemic. Merchandise exports in Apr-Sep’21 touched US$197.11 billion, recording 23.8% growth over Apr-Sep’19. Manufacturing PMI average improved to 53.8 (Q2) from 51.5 (Q1) while GST collections have hit a 5-month high in September,” he said.
“I urge you to spread this message and help strengthen our global ties… hope the Indian diaspora to contribute in the best possible manner,” said Goyal, also the Minister of Consumer Affairs, Food & Public Distribution and Textiles,
Expressing delight at meeting the Indian community in Dubai, “the City of Gold”, Goyal said, “It is because of you all Dubai is considered as an extended neighbourhood of India, a 2nd home to our exporters and a prime destination for Indian tourists.”
“I commend the efforts of Indian People’s Forum (IPF) in connecting the people of Indian origin residing in the region and bringing them on a single platform. By spreading our culture, tradition and values on a far-off foreign land, you are not just NRIs but “cultural ambassadors” of our country,” he said. #investment #trade #exports /fiinews.com
