The India-UAE Business Summit, held in Indore
The active participation of notable figures from both
regions. Key attendees included Kailash Vijayvargiya, the BJP National General
Secretary, Om Prakash Saklecha, a Madhya Pradesh Cabinet Minister, Shankar Lalwani,
a Member of Parliament, and Sheikh Majeed Rashid Al Mualla from the United Arab
This summit, in its 7th edition, marked a significant
collaboration between these dignitaries and prominent Indore-based businessmen.
Over twenty individuals were recognized for their contributions, and
discussions were centred around resolving past trade-related issues.
The recent meeting between Prime Minister Narendra Modi and
the UAE President has accelerated trade between the two nations. Plans include enabling
currency-based trade between India and the UAE, integrating the Unified
Payments Interface for India (UPI) with the UAE's instant payment platform
(IPP), and targeting an ambitious Rs 8000 billion in bilateral trade. This
summit played a pivotal role in advancing these goals.
MP Shankar Lalwani's efforts were instrumental in hosting
the India-UAE Business Summit in Indore. The finalized Comprehensive Economic
Partnership Agreement (CEPA) between India and the UAE ensures zero customs
duty for domestic products such as textiles, agriculture, dry fruits, and
jewelry when exporting to the UAE market. This event fostered collaboration
between policymakers and business leaders from both countries, benefiting
entrepreneurs on both sides.
During the summit's concluding session, awards were
presented to individuals who have made significant contributions to inspire
Kailash Vijayvargiya, the BJP national general secretary,
assured attendees that India's economy would remain resilient despite global
economic challenges. He emphasized India's status as the world's
fastest-growing economy and a premier investment destination.
Om Prakash Saklecha, the Madhya Pradesh cabinet minister,
commended the program's organizer, Hariom Tyagi, for promoting investment in
Indore. He encouraged investments in green energy production, recognizing its
MP Shankar Lalwani, Chairman of Invest Indore, expressed the
summit's primary objective of attracting investments to Indore, Madhya Pradesh.
He envisioned an era of substantial capital investment opportunities in the
region and highlighted the program's role in fostering cooperation between
Indian and UAE-based businesses.
Sheikh Majeed Rashid Al Mualla, CEO of Company Kabir,
extended a warm invitation for Indian businesses looking to operate in the UAE,
offering cooperation and support.
Dr. Hariom Tyagi, the event's main organizer, expressed his
gratitude to the royal family members from the UAE who attended, marking a
significant moment for Indore. He believed that the summit would facilitate
seamless business interactions between Indore and the UAE, ultimately boosting
trade between Dubai and Indore.
The summit concluded with a celebratory dinner, further
fostering relationships and opportunities for collaboration.