Major announcement on India-UAE economic relationship to be made at the first IUPS to be held at Armani Hotel, Burj Khalifa on October 30-31, 2017
Date: Dubai, UAE,
1. UAE Minister of Economy Sultan bin Saeed Al Mansouri and Abdullah Al Nuaimi, UAE Minister for Infrastructure Development joins 800 delegates at the first IUPS on Monday, October 30, 2017, at Armani Hotel, Dubai
2. More than 800 VIP delegates from Corporate UAE will join a series of brain-storming sessions spanning two-days where two dozens of speakers to discuss India’s investment needs to power its economy
3. KT Rama Rao – IT & Industries Minister of Telangana to present his proposal on strategic partnership, investments and policies of Telangana.
4. Five Indian states namely Telengana, Uttar Pradesh, Manipur, Jammu and Kashmir and Karnataka will showcase major economic opportunities and projects for investment at IUPS.
5. Shailendra Singh, Joint Secretary at DIPP, Ministry of Commerce, Govt. of India will brief investors on the International Trade Policies and framework.
Dubai, UAE
HE Mr Sultan bin Saeed Al Mansouri, UAE Minister of Economy and HE Mr Abdullah Al Nuaimi, UAE Minister of Infrastructure Development and HE Mr Mohammed Sharaf, Assistant Minister for International Cooperation, UAE, will lead a line-up of nearly half a dozen federal and state ministers from India and the UAE, at the inaugural two-day India-UAE Partnership Summit (IUPS) that takes place from October 30-31 at the Armani Hotel, Burj Khalifa, Dubai.
This would be the highest gathering of government ministers and officials and business leaders organised by the Business Leaders Forum – an umbrella organisation – representing the UAE’s private sector.
The high-level and high-powered IUPS will be split into a number of brainstorming business sessions and panel discussions on hot topics, including Investment Implementation, Infrastructure and Tourism while ministers from Telengana, Uttar Pradesh, Manipur, Karnataka, Jammu and Kashmir – will present investment opportunities in key projects within the states and seek investment from potential partners in the UAE.
The IUPS is organised by the newly formed Business Leaders Forum and strongly supported by UAE Ministry of Economy and the Government of India through the Embassy of India in Abu Dhabi and Consulate General of India in Dubai.
“I am pleased to announce such a high-level and prestigious line-up of speakers and delegates joining us at the inaugural IUPS, something that is unprecedented and reflects the willingness of the public and private sector officials to forge a stronger partnership to support the economies of India and the UAE,” Dr Azad Moopen, President of Business Leaders Forum and Founder Chairman of Aster DM Healthcare Group, said. “We, the members of the UAE’s private sector is proud to create such a high profile business conference that is going to tackle the issues of investment implementation and how to fast-track project financing and project implementation process.
“The overwhelming support by the government and the private sector reflects a major shift in our overall thinking to support the vision of our respective governments and realign our efforts to make them a success.”
The high-powered event takes place at the backdrop of an announcement of US$1 billion investment by Abu Dhabi Investment Authority (ADIA), one of the largest sovereign wealth funds in the world, into India and a few days after Lulu Group announcing Dh1.7 billion into a project in India.
The UAE is the 10th largest FDI source market for India with cumulative FDI reaching US$4.76 billion in the last 17 years from April 2000 till March 2017.
Invest India, the foreign investment promotion body of India, said it will attract US$100 billion foreign investment in the country, of which US$85 billion has already been committed by 600 large businesses that will create 700,000 jobs, according to recent reports.
FDI inflows into the country grew 8 per cent and touched a new high of $60.08 billion in 2016-17, according to Department of Industrial Policy and Promotion (DIPP). Cumulative FDI inflow from April 2000 till March 2017 reached US$484.35 billion.
The status of the flow of investment and strategic partnership will further be elaborated at a two-day India-UAE Partnership Summit (IUPS) to be held at the Armani Hotel, Burj Khalifa, from October 30-31, 2017, which will be attended by more than 800 Delegates from India and the UAE, including top government officials, private entrepreneurs and business leaders belonging to Corporate UAE and Corporate India.
Sudesh Aggarwal, Board Member of the BLF, Chairman of the IUPS Organising Committee and Chairman of India Trade and Exhibition Centre (ITEC), says, “The prestigious line-up of the high-level dignitaries reflect the significance of the issues that we are putting on the table for discussion which is so close to our heart.
“I am also particularly happy to see the overwhelming response in the delegate response for registration which makes sending the invites to potential participation a very difficult task. Registration and participation at the event is free. However participation is by invitation only.”
The Summit – with a theme of Investment Implementation – will deliberate about how important projects in India could be financed and executed with the participation of the local business houses of UAE. It will also review the trade and investment relations between the two countries in light of the Joint Statement adopted by the two sides during the visit of H.H. Sheikh Mohammed bin Zayed Al Nahyan in January 2017.
Ms. Sripriyaa Kumaria, Director-General of ITEC m.e. and the Secretary-General of BLF, says, “Preparations are in full swing to welcome the delegates at the event that will be graced with the presence of five ministers from the UAE and India as well as participated by 5 diverse Indian states namely – Telengana, Uttar Pradesh, Manipur, Karnataka and Jammu and Kashmir.
“Investments eventually happen in the states and the aggressive participation of major states from various parts of India, represented by their key ministers shows the willingness of Indian states to not only welcome investors but to partner with the Investors for a win - win economic growth. These diverse states bring with them their own array of investment projects that are unique, owing to their regional positioning and strengths.
“IUPS delegates and BLF members will have the privileged opportunity to choose from the states they wish to Invest and engage and BLF Secretariat will facilitate this relationship between the Investors and states in UAE.
“The robust engagement by BLF with the Indian states follows the recent one to one meeting hosted by BLF for the Hon’ble Chief Minister of Andhra Pradesh Mr. Chandrababu Naidu to discuss specific investment projects and strategy to implement the same.”
She also mentioned that this is the only business conference of its kind to be pro-actively supported by the Government of India through the Embassy of India, Abu Dhabi and Consulate General of India, Dubai as well as the UAE Ministry of Economy. IUPS is also the only such bilateral summit where Ministers of Government of India as well as UAE will be participating.
Kumaria also informed that IUPS will culminate with deliberation from Hon’ble Minister Mr. KJ George, Minister for Bengaluru Development and Town Planning. J&K Minister for Finance, Culture, Labour and Employment Hon’ble Mr. Haseeb A Drabu.
Business Leaders Forum (BLF) was formally launched in March 2017 and has been set up under the direct guidance of the UAE Ministry of Economy, Embassy of India and Consulate General of India with India Trade & Exhibition Centre (ITEC) acting as the official Secretariat of BLF.
The IUPS is being sponsored by NRI-Emirati Investors Group, NMC, Mulk Holdings, Nikai Group, UAE Exchange, GRP Industries, Sharjah Investment and Development Authority (Shurooq), Zulekha Hospital, and supported by UAE-India Business Council (UIBC), UAE International Investors’ Council (UIIC), Association of Indian Chambers (Assocham), Invest India as well as other stakeholders.
India-UAE Partnership Forum is supported by knowledge partner namely KPMG – the global accounting and auditing firm, Gulf News –The Official Newspaper, Forbes Middle East - The official business magazine & Sony TV and Times Now television channels.
About India-UAE Partnership Summit (IUPS)
India-UAE Partnership Summit is an official Business Summit hosted by Business Leaders Forum in association with Indian Embassy-Abu Dhabi and Consulate General of India-Dubai. UAE Ministry of Economy is the Strategic Partner. The two-day event takes place at the Armani Hotel, within Burj Khalifa – the world’s tallest tower. Armani Hotel is the most prestigious hotel and venue for events and the organiser’s choice of the venue reflects the level of importance they give to the event. The Summit is aimed at creating synergies and frameworks for strengthening and streamlining the flow of two-way investment that will help key economic sectors of both the countries – by identifying the investment areas, projects, funding needs and helping raise investment to fund vital infrastructure projects. At the Summit, there shall be presentations by two Focus States and overall investment scenario in India and UAE. Check the program for details. The Summit shall be attended by Ministers, Officials, Chambers, Industrialists, Businessmen, Financial Institutions, Diplomats, Sovereign Funds. The total strength of delegates in all the sessions shall be 800 plus.
Delegates will have the opportunity to network at the highest level and gather information for their investment decisions and establish contacts.
For further information, kindly contact us:
Sripriyaa Kumaria
Secretary General – BLF
Director General – ITEC m.e.
India Trade and Exhibition Centre (ITEC)
PO Box : 66301, Sharjah, UAE Tel : +971 6 530 4404
Fax : +971 6 530 4403 Cell : +971 50 6314120
E-mail : sripriyaa@itecuae.com
Web : www.iups.ae
Saifur Rahman
Pan Asian Group
PO Box : 39865, Dubai, UAE
Tel : +9714-2281021
Cell : +97150 5534489
E-mail : media@iups.ae; s.rahman@panasian1.com
© Press Release 2017
