Dubai delegation visits India to boost India-UAE ties

DUBAI: Aiming to strengthen trade partnership between India and the UAE, a high-profile delegation from Dubai visited Mumbai to explore and identify new investment opportunities to boost economic ties between the two nations.

The delegation from Dubai International Financial Centre (DIFC), a federal financial free zone, conducted a series of presentations and discussions in the city with the objective of introducing and elaborating on Dubai's potential as a competitive business destination.

"The historic economic cooperation between the UAE and India serves as a strong foundation for our two countries to strengthen ties in areas of mutual interest," said Shah, Chief Strategy and Business Development Officer of DIFC Authority.

"DIFC is keen to leverage the vast investment prospects to create lucrative economic, commercial and investment partnerships besides attracting industry expertise and skilled manpower," Shah, who led the delegation, said in a statement yesterday.

The delegation held direct meetings and attracted the interest of close to 50 existing and new clients keen to benefit from DIFC's widely-appreciated regulatory framework, legal systems and enabling infrastructure, it said.

"We have received strong interest from banks, investment banks, asset/wealth managers, insurance/reinsurance providers/brokers and professional firms from India that are looking at setting-up or expanding their presence in the DIFC to tap into the opportunities in the growth markets in Middle East and Africa," Shah said.