Third Arab-India Partnership Conference opens | SupportBiz

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Third Arab-India Partnership Conference opens

 
The Third Arab-India Partnership Conference begins in Abu Dhabi on May 22. The two-day conference, whose focus is on development through trade and investment, is being organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with India's Ministry of External Affairs, the League of Arab States and the Abu Dhabi Chamber of Commerce and Industry.

Ten economy ministers from India and Arab countries and the heads of major Indian and Arab companies will take part in the conference, said Assistant Secretary General of the Arab League of Arab States for Economic Affairs, Mohammed Ibrahim Al-Tuwaijeri.

The event aims to expand economic, scientific, technological and technical co-operation between India and the Arab world, and explore opportunities for the Arab world to further deepen and re-define its economic and cultural relations with India.

Trade between Arab countries and India reached USD255 billion by the end of 2011.

Arab investments, and by Gulf countries in particular, in India went up to USD125 billion during the past two years. Trade between the UAE and India went up to USD67 billion in the same period.