UAE & India launched the UAE chapter of the Business Council to promote bilateral trade and investment.
The UAE and India have launched the UAE India Business Council – UAE Chapter (UIBC-UC) to support their joint mission to strengthen economic ties and increase bilateral trade and investment.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, launched the UAE India Business Council – UAE Chapter (UIBC-UC) in Dubai on 18th Feb 2023.
India-UAE Comprehensive Free Trade Agreement completes 1 year of signing.
The UIBCUC aims to increase bilateral trade to $100 billion & attract investments of $75 billion from the UAE to India.
The council will bring together key partners and stakeholders from both countries and encourage innovative collaboration between Emirates & Indian businesses.
The council includes key partners and stakeholders from both countries, including sovereign wealth funds from the UAE & India’s large conglomerates such as the Tata Group, Reliance, Adani, as well as tech innovators such as Ola, Zerodha and EasyMyTrip.
It will operate under the supervision of the Federation of UAE Chambers of Commerce and Industry.
It is registered with the Dubai Chamber of Commerce as a legal and financial entity. The UIBC-UC will have its office in Dubai.
Mr. Faizal Kottikollon of Kef Holdings has been appointed as the Chairman of UIBC-UC.
Major General (Retd.) Sharafuddin Sharaf, the Chairman of the UIBC (India Chapter), will serve as the Vice Chairman of the UAE Chapter of UIBC.