Taking a step further to strengthen the investment ties between the two nations, India and UAE have announced a partnership summit to be held at Dubai on October 30 and 31. The announcement was made by Indian Ambassador, Consulate General, Business Leaders Forum President, Indian Trade and Exhibition Centre Chairman and UAE International Investors Council Secretary General during a press conference on September 5.

The ‘India-UAE Partnership Summit: Investments – Implementation’ is aimed at augmenting a two-way investment for the concerned nations and look at how small and medium-sized projects in India can be executed with the support of UAE-based businesses and investors.

(1/2)"India – UAE Partnership Summit: Investments – Implementation" to be held at Dubai on Oct 30 – 31.

— India in Dubai (@cgidubai) September 5, 2017

“We have received support to pitch camp and do business here so we would like to take Emiratis to India and make them understand what it is to do business in India,” said BLF President Dr Azad Moopen.

Small and medium enterprise (SME) projects ranging from $10 to $50 million are likely to be showcased at the two-day summit, with healthcare, tourism, infrastructure and education as some of the key focus areas.

“We will focus on medium and small enterprises. We will provide full-time support and information about the projects and how to take them forward,” said Moopen.

More than 800 delegates, including ministers, government officials, private entrepreneurs, investors and industry leaders are expected to be in attendance at the partnership summit to be held at the Armani Hotel, Burj Khalifa.

The annual trade volume between the UAE and India currently stands at about $53.09 billion, and they’re targeting a 60 per cent increase in these figures over the next five years.

India&UAE working 2 substantially augment Investments with Partnership Summit @Economyae DXB 30,31Oct Armani hotel pic.twitter.com/5Ro3rI265o

— India UAE Trade (@IndiatradeUae) September 5, 2017