India – UAE Trade Relations

Introduction

India and United Arab Emirates (UAE) enjoy strong bonds of friendship founded on Millennia old cultural, religious and economic intercourse between the two regions. People – to- people contacts and barter trade between two regions have existed for centuries. The relationship flourished since the creation of the UAE Federation in 1971 and trade has played a major role in the strengthening the bilateral relationship.

Bilateral Trade

According to Government of India figures, in FY 2015-16, trade between India and UAE crossed US$ 49bn, with Indian exports worth US$ 30bn to the UAE and US$ 19bn worth of UAE’s exports to India, thus making UAE India’s one of the top trading partner. Indian businessmen and traders have contributed significantly to the economic fabric of UAE. Indian professionals also occupy important positions in various banks, private companies and business establishments in the country. The unskilled and semi skilled workers from India are a dominant force in the construction industry. The contribution of Indians to the growth of UAE is acknowledged by the rulers and the people of UAE.

Investments from Dubai & Northern Emirates in India

Dubai Ports World: While Dubai itself is a major investment destination, it also has an important and growing presence in India. Dubai Ports (DP) World operates at: Nhava Sheva International Container Terminal Private Limited, Chennai Container Terminal Private Limited and India Gateway Terminal at Cochin. The Rajiv Gandhi Container Terminal in Vallarpadam, developed and operated by Dubai Ports World is the first International Container Trans-shipment Terminal in India. On 1 November 2012, DP World won the contract to build and operate a single berth terminal facility at Nhava Sheva, Mumbai. The US$ 200mn worth facility expected to be operational in 2015 will have an annual handling capacity of 800,000 TEUs.

RAK ceramics: RAK ceramics, a USD 1bn global conglomerate with global production of tiles exceeding 3,60,000 sq.m and 1200 pieces of Sanitary ware per day from its 10 state of art plants in UAE has 1 plant each in Bangladesh, China, India, Iran and Sudan.In India, RAK Ceramics has the largest vitrified tile manufacturing plant in Samalkot in Andhra Pradesh with a per day manufacturing capacity of 30, 000sq. m of vitrified tiles and 1500 sanitary ware.

Emaar MGF: Emaar MGF Land Limited is a joint venture between Dubai based Emaar Properties and MGF developments of India. The company commenced operation in India in February, 2005 and is into real estate development with a pan – India presence and operations spanning all key segments of the India real estate industry, namely residential, commercial, retail and hospitality sectors. At present, its focus is on the development of residential projects in Delhi and elsewhere in NCR, Mohali, Hyderabad, Chennai and other key Indian Cities.

TECOM: TECOM investment was established in the year 2005 to build, manage and develop the business parks vertical under Dubai Holding. TECOM business Parks comprises of 10 business parks under five industry clusters across the information and communication technology (ICT), media, education, sciences, as well as manufacturing and logistics sectors. TECOM investment has conceptualized Smart City to develop knowledge industry townships globally. SmartCity Malta and Smart City Kochi are their first two international developments. SmartCity Kochi is a JV between Smart City Dubai and Government of Kerala with 84% and 16% respectively. SmartCity Kochi is a home to knowledge based companies that aim to serve the Indian Continent.

Major Indian Companies in Dubai & Northern Emirates

Many leading Indian companies and banks have an important presence in Dubai. For example, L & T, HCL Infosystems, Nagarjuna Construction Company Limited, Hinduja Group, Danube, Sobha Group, Indian Oil Corporation, Reliance Industries, Essar Group, Bank of Baroda, State Bank of India, IDBI Bank, Union Bank of India, Oriental Bank of Commerce, Punjab National Bank, Indusind Bank, Bank of India, Indian Overseas Bank, HDFC, ICICI, Axis Bank, Andhra Bank, Canara Bank, Corporation Bank etc. RAKFTZ is home to a large number of Indian companies operating in diverse sectors including Pioneer Cement (USD 105 million investment), JBF RAK Polyester Chips and Films (USD 100 million), Eternity Technologies of Al Dobowi Group manufacturing industrial batteries (USD 55 million), Ashok Leyland Bus/Truck Assembly (USD 50 million), Mahindra Emirates Vehicle Armoury (USD 25 million), Dabur India Herbal Products(USD 25 million), RAK Steel Products (USD 25 million), Bosco Aluminium Products (USD 10 million), etc.

Delegation visits from India

Visit of CM Haryana to Dubai: Chief Minister of Haryana Shri Manohar Lal Khattar paid a visit to Dubai from December 5-7, 2017 with the primary aim of showcasing investment opportunities available in the State in various sectors. A high-level delegation including the Minister of Industries of Haryana as well as senior officials accompanied the CM on the visit. The CM met the Indian community in a function organized by the Consulate where he engaged in an interactive session and answered various queries related to business and developmental initiatives of the State. The CM also held meetings with a number of leading businessmen namely Sharaf Group, DP World, Emaar Group, NMC Healthcare, Al Maya Group, Lulu Group, etc and invited them to invest in the state. He also addressed a roadshow organized by Business Leaders Forum on investment opportunities in the State.

Visit of delegation led by Mr. Nara Chandrababu Naidu, Chief Minister of Andhra Pradesh to UAE from 21st 24th Oct, 2017: A high-level delegation led by Mr. Nara Chandrababu Naidu, Chief Minister of Andhra Pradesh, India visited Dubai from 21-22 October 2017 to invite investment from UAE in Andhra Pradesh in general and new capital of AP, ‘Amaravati’ in particular. The delegation interacted with the nonresident Telugu community and members of the Business Leaders Forum (BLF) on 21st. On 22nd the Chief Minister had one on one meetings with Mr. Sultan Ahmed Bin Sulayem, Chairman of DP World; H.E. Sultan Bin Saeed Al Mansouri, Cabinet Member and UAE Minister of Economy; Mr. Gaith Al Gaith, CEO, Flydubai and Mr. Adnan Kazim, Divisional SVP Strategic Planning, Revenue Optimization & Aero Political Affairs; Dr. Mohammed Al Zarooni, Head of Air Transport, Dubai Civil Aviation Authority; H.E. Mohammad Al Gergawi, UAE Minister of Cabinet Affairs & Future and Her Excellency Ohood bint Khalfan Al Roumi, UAE Minister of State for Happiness.

Visit of delegation from Ministry of Food Processing Industry to UAE from 6th-7th Aug, 2017: A high-level delegation led by Sadhvi Niranjan Jyoti, Minister of State for Food Processing Industries, Government of India visited Dubai. The visit was a part of preparation for India’s largest international event in food processing and allied sectors ‘World Food India 2017’ to be held in New Delhi from 03-05 Nov, 2017. The Minister met the UAE Minister of Climate Change & Environment, H.E. Dr. Thani Ahmed Al Zeyoudi, several business leaders and also conducted a Road Show at the Indian Consulate, Dubai. The Minister of State also had meetings with the members of Dubai Exports and officials from the Department of Economic Development, Dubai.

CII delegation: CII brought a delegation of 11 CEOs lead by Ms. Shobana Kamineni (President CII) during 13th – 15th May, 2017. On 14th May they visited Abu Dhabi and had meetings with the Ambassador of India, Mubadala, Abu Dhabi Chamber of Commerce and ADIA. On 15th May they had meetings in Dubai with the Minister of Economy, Deputy Ruler of Dubai, Dubai Chamber of Commerce and Business Leaders Forum (BLF).

Visit by Minister of Railways: A delegation led by Shri. Suresh Prabhu Prabhakar visited UAE between 5th to 8th March, 2017. In Dubai, he participated as the Key note speaker on the opening conference of Middle East Rail at Dubai World Trade Centre on 7th March, 2017. He met dignitaries from the Federal Transport Authority, UAE, Secretariat General of Gulf Cooperation Council and Saudi Railways Organization. The delegation also had an investor’s luncheon where the Minister had active interaction on the opportunities for investments in Railways.

Exhibitions & Events:

India – UAE Partnership Summit:  The event was held from 30th – 31st October, 2017 at Armani, Burj Khalifa, Dubai. Some of the notable speakers at the Summit were H.E. Mohammed Sharaf, Assistant Minister of Foreign Affairs & International Cooperation; H.E. Abdullah al Nuaimi, Minister of State for Infrastructure Development; H.E. Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Mr. Haseeb Drabu, Hon’ble Finance Minister of Jammu & Kashmir. The event was organised by Business Leaders Forum (BLF) in collaboration with UAE-Ministry of Economy, Embassy of India, Abu Dhabi and the Consulate General of India, Dubai. The summit focused mainly on Investment – Implementation. Uttar Pradesh & Telangana were the focus states for the event. The representatives of these states highlighted investment opportunities in their states. Representatives from Manipur and Finance Minister of Jammu & Kashmir also invited the investors to invest in their states. http://www.iups.ae/pressrelease.html, http://www.iups.ae/press-releases/index.html

Country Focus Briefing: The Dubai Chamber of Commerce & Industry (DCCI) in cooperation with Consulate General of India, Dubai organized Country Focus Briefing on 10th Sep, 2017. The event consisted of a special address by Mr.  Subhash Desai, Cabinet Minister of Industries – Govt. of Maharashtra, speeches by Mr. Vipul, Consul General of India in Dubai and Mr. Vishal Choradia, Chairman – Maharashtra Khadi & Village Industries Board. A presentation on Investment Opportunities in India was given by Mr. Rahul Srivastava, Consul – CGI Dubai and Ms. Bidisha Ganguly, Chief Economist – Confederation of Indian Industries (CII) presented on India’s New Economy Overview. The event was also attended by Mr. Sharafuddin Sharaf, Vice Chairman of Sharaf Group; Mr. Firat Unlu, Lead India Analyst, The Economist Intelligence Unit, senior Dubai Chamber officials and members, as well as representatives from the emirate’s business community.
Road Show: Indian Leather Buyer Seller Meet, 11th Sep 2017: The Council of Leather Exports (CLE) under the support of Indian Consulate and India Trade & Exhibition Centre (ITEC) conducted a Road Show at the Consulate auditorium. This was as a prelude to the upcoming Buyer Seller Meet (BSM) by CLE which is scheduled for December 2017 in Dubai. CLE was represented by their Chairman, Vice Chairman and Executive Director who gave a brief about the features and strengths of the leather industry in India to the businessmen who attended the event. The Consul General was the Chief Guest for the event and the CEO for Shoemart – Landmark Group was the guest of honour.

Seminar on VAT: A workshop on Value Added Tax (VAT) was organized by Tally Solutions Pvt. Ltd. and Consulate General of India, Dubai on 1st July, 2017. More than 200 business owners attended the seminar held at the Consulate Auditorium. The purpose of the seminar was to make the Indian SME businesses aware about the new tax structure which is due to be implemented later this year.

Index International Design Exhibition – 22-25th May, 2017: The 27th edition of INDEX held at Dubai World Trade Centre had an Indian pavilion covering an area of 570 sqms. The participation from India was managed by Export Promotion Council for Handicrafts (EPCH) and Indian Chamber of Commerce (ICC). There were a total of 70 Indian companies who participated with handicrafts, stones and flooring profile.

Startup India Summit – 23rd May, 2017: Embassy of India in Abu Dhabi and Consulate General of India, Dubai in partnership with iSPIRT, a non-profit think tank and supported by TiE Dubai organized the Summit. The main focus sectors were Software as a service (SaaS); Education Technology(Ed Tech); Financial Technology (Fintech); Healthcare Technology (HealthTech); and Innovative / Deep Tech. On 23rd the Summit was held at Emirates Towers and was attended by 16 start-ups from India. The purpose of the event was to provide a platform for the Start-up ecosystem in both India and UAE for greater collaboration; exchange ideas; interact with academia, investors & industry; and of course, access to funding. The summit was attended by possible investors and was greatly covered by the media in UAE as well as India.

Arab Travel Mart – 24-27th April, 2017: The Arab Travel Mart in 2017 was held in Dubai World Trade Centre. The Indian pavilion was inaugurated by Consul General Sri Vipul. It was followed by a press meet. India participated under the ‘Incredible India’ banner. The immense tourism potential of India – both business and leisure travel – was on show during ATM, 2017. Totally 24 participants from India, representing the diversity of heritage, nature, culture and wellness tourism participated in the India Pavilion set up by the Ministry of Tourism, Government of India.

Gulfood 2017: Ms. Rita Teotia, Commerce Secretary, Ministry of Commerce, GOI inaugurated the India Pavilion by APEDA in Gulfood 2017 held at Dubai World Trade Center between 25th to 27th February, 2017. Sixty four (64) exporters dealing in a range of Agriculture and Processed Food products participated under the banner of APEDA. A delegation team led by Mr. Parag Gupta, Joint Secretary, Ministry of Food Processing & Industry, GOI were also a part of Gulfood 2017.

(a) 1st International AYUSH Conference & Exhibition 2017:

Science India Forum (SIF) in association with the Consulate General of India, Dubai and with support from the Ministry of AYUSH, Government of India and Vigyan Bharti organized the 1st International AYUSH Conference & Exhibition 2017 from 9-11 November at Dubai World Trade Centre. Sri Shripad Naik, Minister of AYUSH, Govt. of India and Vaidya Rajesh Kumar Kotecha, Secretary, Ministry of AYUSH attended the Conference. The theme of the Conference was ‘Lifestyle Diseases – Prevention & Management through AYUSH’. The Conference was inaugurated jointly by HE Sheikh Nahyan Bin Mubarak Al Nahyan, Cabinet Member and Minister of State for Tolerance and Sri Shripad Naik. Ambassador Navdeep Suri addressed the inaugural session of the Conference while Consul General Vipul addressed the valedictory session. Many seminars on technical issues related to AYUSH were held during the Conference. The Conference was attended by over 800 AYUSH practitioners from 16 countries. About 100 papers and 70 posters were presented during the Conference and more than 15000 people visited the Exhibition. Her Excellency Ohoud Bint Khalfan Al Roumi, Minister of State for Happiness and Wellbeing visited the Exhibition on Day 3. 44 exhibitors exhibited their products during the Exhibition.

Sri Shripad Naik and Vaidya Rajesh Kumar Kotecha also held meetings with HE Dr. Amin Hussain Al Amiri, Asst. Undersecretary of Ministry of Health, Her Excellency Ohoud Bint Khalfan Al Roumi and Dr. Ramadan Al Blooshi, CEO – Dubai Healthcare City Authority Regulation on the sidelines of the Conference. Many issues including establishing AYUSH chair in one of the universities in Dubai, starting a manufacturing facility of AYUSH medicines in Dubai, recognition of Ayurveda and AYUSH pharmacopoeia in UAE and having a centre of examination for TCAM in India were discussed during these meetings. Dr. BR Shetty, Founder and Non Executive Chairman of NMC Healthcare announced his intent to start medical facility totally based on AYUSH system in UAE and other GCC countries during the Conference.

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