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October 6, 2023 3:06 PM IST

Minister Goyal explores trade opportunities with key UAE business leaders in Dubai

Indo-UAE | Indian Railway | India-UAE Comprehensive Economic Partnership Agreement | UAE | Piyush Goyal

Dubai, October 6, 2023 : – Union Commerce and Industry Minister, Piyush Goyal, held fruitful discussions with prominent business leaders during his visit to UAE, aiming to enhance trade ties and investments between India and the UAE. The meetings revolved around boosting trade, particularly in the electronics and consumer durables sector, and the opportunities arising from the India-UAE Comprehensive Economic Partnership Agreement .

Goyal met with Amit Jain, the Group CEO of Emaar Properties, a renowned real estate developer. Their discussion centered on existing investments and potential future collaborations.Speaking about the meeting, Amit Jain said, “The meeting was very good. We talked about our investments already. We talked about Vibrant Gujarat, and he talked about potential investments in Sabarmati and Kevadia. I think these are very exciting projects. India, for us, is a big investment, and we wish to continue making future investments in India.”

Later Goyal met Major Gen. (Retd.) Sharafuddin Sharaf, the Vice-Chairman of Sharaf Group, a well-established business conglomerate. Their discussion revolved around expanding Sharaf Group’s investments across key sectors in India, particularly in logistics and infrastructure.

Major General Sharafuddin Sharaf (Retd) expressed optimism about India’s business landscape, saying, “We have been in India for 25 years. We are doing logistics business. We have some inland ports. We have a railway license with the Indian Railway system. We are now planning to expand inland ports to some 10 more locations. We have already acquired 4 locations, and we are in the process of adding more. Goyal was very helpful and advised us on how to go forward. We have already invested 400 million dollars, and with the new expansion, another 250 million dollars of investments in the infrastructure. India is a priority for our business expansion. India has a very promising business expansion.”

These high-level talks are expected to pave the way for increased collaboration and growth opportunities in various sectors, ultimately benefiting the economies of India and the UAE.

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