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Dubai, Feb 5 PTI Prime Minister Narendra Modi is set to visit the UAE later this week which authorities and business leaders say signifies the special importance India attaches to its ties with the oil-rich nation and will help in furthering cooperation in diplomatic, economic and security issues. Echoing Suri? While Ambassador Suri highlighted the trade and investment component of this rapidly-evolving relationship, Ambassador Al-Banna chose to emphasise on the connectivity aspect of it.
More than 50 per cent of Indians, who travel outside India to different destinations, such as Europe or America, use Dubai and Abu Dhabi as their transit hub," he said. It is obvious that both sides are banking on prime ministers visit to go over and above the 17 bilateral agreements signed in January , and 14 agreements in February With an eye on India, some leading Gulf businesses with Indians at the helm see this as realisation of long-held dreams. As far Indo-UAE business relationship is concerned, it is at all time high with both countries being each others top trading partner," Yusuffali said.
According to him, till recently India was seen as an investment destination only, but off late UAE has been trying to woo Indian businesses to invest and set up operations here. Manoj Prasad, Executive Chairman, of DIFC-based investment banking firm, Que Capital Limited, believes this visit truly signifies the seriousness among top Indian leadership toward making an ever growing relationship between two countries more meaningful.
According to him, businesses among the two countries have witnessed unprecedented growth in recent years. A wide spectrum of companies stands to gain from improving bilateral relations facilitating business climate on both sides, he said. Kulwant Singh, the founder and managing director of Lama Hospitality group, feels the visit signifies that we are serious about our relationship and take our commitments, business associations, joint opportunities, and strategic tie ups seriously.