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Mon 22 Oct 2018 02:10 PM

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Fourth UAE-India Economic Forum set to launch

Fourth edition of the annual UAE-India Economic Forum is set to take place on Wednesday with the aim of strengthening bilateral trade links

Fourth UAE-India Economic Forum set to launch
The fourth edition of the annual UAE-India Economic Forum is set to take place.

The fourth edition of the annual UAE-India Economic Forum (UIEF) is set to take place on Wednesday with the aim of strengthening bilateral trade relations.

The UIEF represents a new stage in the economic relationship between both countries that share a vision to project the current $40 billion bilateral trade to $100 billion by 2020.

The event will focus on benefits of the increased collaboration in investment, trade, infrastructure, ports, banking, finance, and tourism between the UAE and India.

The summit also promises to provide insights into critical topics such as investments, tourism, banking and finance, renewable energy, real estate, and technology.

Alpana Roy, executive vice president at UMS Group, said: "The Forum is an established platform to discuss new policy framework and explore investment opportunities across industries between the UAE and India.

"In the recent years both countries have re-energised their bilateral trade relations with the recurring visits of their respective leaders to discuss the future of trade and investments."

The forum comes as the UAE has invested over $5 billion in India, which makes it one of the leading investors in India., while India is the third largest investor in the UAE.

She added: "With both governments showing clarity in their vision to gain the most from this partnership, the ambitious goal of reaching $100 billion in trade by 2020 now seems achievable."

The UIEF will be held at Habtoor Grand Resort in Dubai and will bring together over 350 delegates from the UAE and India.