The UIBC-UC was launched by Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, in the presence of Ambassador of India to the UAE Sunjay Sudhir, Consul General of India in Dubai Dr Aman Puri and founding members of the UBIC-UC.
The two nations aim to increase bilateral trade to USD 100 billion and attract USD 75 billion in investment from the UAE to India. The UIBC-UC is poised to play a crucial role in supporting both governments in achieving these objectives and maximizing the potential of the UAE-India relationship.
By leveraging the strong bond between the two nations, the council brings together key partners and stakeholders from both countries. It will serve as a valuable source of policy guidance, fostering innovative collaboration between Emirati and Indian businesses.
Al Zeyoudi highlighted that the establishment of the UAE Chapter of the UAE India Business Council marks a significant moment in the deepening of the relationship between the United Arab Emirates and India.
He also mentioned that the Council will play a critical role in supporting the two governments in their joint mission to boost bilateral trade and investment. He expressed confidence that it will serve as a catalyst for innovative collaboration between our two great nations.
Sudhir who was present at the launch said, “The launch today marks a significant milestone in the strengthening of the relationship between the United Arab Emirates and India. I extend my sincere congratulations to all the founding members of the UAE India Business Council and look forward to seeing the council’s initiatives drive greater prosperity for both nations.”The UIBC-UC will serve as the counterpart organisation to the UIBC India Chapter, which was established in New Delhi on September 3, 2015, by His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister for Foreign Affairs and International Cooperation, and Smt. Sushma Swaraj, Hon’ble Minister of External Affairs of India, during the 11th Session of the India-UAE Joint Commission Meeting. The UAE India Business Council – UAE Chapter (UIBC-UC) has been set up with the approval of UAE’s Ministry of Foreign Affairs & International Cooperation and the Ministry of External Affairs.
The UIBC-UC will operate under the supervision of the Federation of UAE Chambers of Commerce and Industry and has been registered as a legal and financial entity with the Dubai Chamber of Commerce.
The council will have its office in Abu Dhabi and will be a pan UAE body focussing on promoting trade and investment relations between the UAE and India. Membership to UIBC-UC will be by invitation only, and institutional members will be invited over time.