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Indian companies invited to tap UAE investment potentials: UAE Foreign Minister

posted on 07/06/2007: 594 views

New Delhi - UAE Foreign Minister Sheikh Abdullah bin Zayed called for speedy activation and of the trade relations between the UAE and India as well as for increasing trade volume between the two countries. He also called on Indian companies to increase their investments in the UAE and benefit from advantages offered by UAE free zones.

Sheikh Abdullah made his remarks during a meeting today with Indian Minister of Finance Palaniappan Chidambaram in the Indian Capital of New Delhi at the end of the ninth meeting of UAE-India Joint Commission. The meeting explored the UAE-India bilateral relations, particularly in areas of investment and trade.

At a yet separate meeting yesterday in New Delhi, Sheikh Abdullah and Indian Minister for Commerce and Industry Kamal Nath, investment and trade relations were also explored. The two ministers discussed potentials for boosting existing economic relations between their two countries and the setting up of joint perojects in the best interests of the UAE and Indian peoples. (Emirates News Agency, WAM)


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