India is ‘the’ destination for UAE businesses -Shri Piyush Goyal

Mr Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles welcomed the business community from the United Arab Emirates (UAE) to come to India and take advantage of the country's business-friendly policies and possibilities. “With the cost and trust advantage that India offers, it is time to invest in India. As partners, we can secure each other’s economic future and strengthen our partnership in the post-COVID world,” He said.

He said, “I believe we are now at the cusp of growth and development in the years to come. India provides talent and investor friendly policies. In most sectors, FDI is open 100%. We have several new initiatives to promote industry like the Production Linked Incentive scheme and the Make in India policy, our efforts to provide Ease-of-doing-Business, all of which will lead to ease of living for our people,” he added. “To the global community, I say, 'Come experience India – the land of opportunities'. Let’s grow together, let’s change together, let’s transform together because together we can surmount any obstacles and achieve humongous goals and targets beyond anyone’s imagination,”.

He also said, “The special partnership that Prime Minister, Mr Narendra Modi and H.H. Sheikh Mohammed bin Zayed Al Nahyan share is legendary. It’s a bond of eternal friendship symbolising trust and we are natural partners due to the complementary nature of our economies and increasing trade will always showcase the synergy that the two nations have, strengthening further, our bonds.” He said, “Our shared vision which has opened newer avenues, one of which is the commitment to establish an Indian Institute of Technology (IIT) in the United Arab Emirates,”

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.