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Stronger UAE-INDIA Relation may foster massive economic development

Stronger UAE-INDIA Relation,RealtyMyths

5th Edition of UAE-INDIA Economic Forum was held at Waldorf Astoria, International Financial Centre, Dubai. It saw active participation from industry experts. The chief guest of honour was H.E. Abdullah Ahmed Al Saleh. Undersecretary Foreign Trade and Industry, Ministry of Economy. Keynote Speakers were H.E. Jamal Al Jarwan, Secretary-General, UAE International Investors Council and H.E. Vipul, Consul General of India, Dubai. It was viewed the importance of bilateral trade relations and the opportunity each country has for investment in the other country.

The areas of opportunity discussed were – Innovation & Xpreneurship, Agriculture & Food Corridor, Electronics Manufacturing, Banking, Healthcare & Medical Sector, Infrastructure Push – Structuring Smart Cities & Smart Citizens, Renewable Energy & VC Funding for Start-Ups.

Speaking at the UAE-India Economic Forum, Dubai, Bhumika Group MD, Mr Uddhav Poddar, the only speaker from Real Estate industry from India, emphasized about the opportunities for UAE Investors for development of Smart Cities in India which is Govt. of India’s dream program and 100 cities have been chosen for the same.

While speaking on the ‘Infrastructure Push – Structuring Smart Cities & Smart Citizens’, he highlighted the potential each country holds in making investments into the other country. “With Smart Cities becoming the next big leap in India’s Infrastructure development, its holds a big opportunity for UAE to invest and be the catalyst is making Govt. of India’s Smart City program a great success.”

Further, he added that “with E-commerce boom, it has been witnessed that more than 50% sales on the E-commerce platforms in India come from Tier II and smaller cities. This has triggered the demand for retail space in these cities as more and more brands are now willing to expand their presence in these cities. Therefore the potential for Infrastructure Push in these cities is really high.”

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