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7/29/24, 3:40 PM H.E. Bin Touq discusses ways to enhance cooperation in new economy, tourism, entrepreneurship and transport sectors during me…
leading tourism destination; increase the sector’s contribution to the national GDP to AED 450
billion; and attract new investments of AED100 billion to the national tourism sector by the next

decade.

Indian private sector invited to benefit from the potentials of UAE’s business environment:

During his meeting with Dr. T.R.B. Rajaa, Minister for Industry, Investment Promotion, and

Commerce in the Government of Tamil Nadu, H.E. Bin Touq discussed a range of flexible
economic policies and legislations in both countries aimed at enhancing dialogue between the

UAE and Indian business communities and encouraging the establishment of new projects in
various economic fields. In addition, H.E. invited Indian investors and businessmen to take
advantage of the opportunities provided by the UAE, especially its logistics capabilities and

economic facilities for establishing diverse business activities. The two countries enjoy strong
relations in the civil aviation sector with continued growth in air traffic between UAE and Indias

cities. Currently, there are 555 weekly flights connecting various cities of the two destinations,
operated by the UAE’s national carriers.

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H.E. also invited the two Tamil Nadu ministers to participate in the 4 edition of Investopia,
scheduled to be held in February 2025, as it will be a significant opportunity to discuss ways to

benefit from the promising opportunities that the UAE offers to investors from around the world,
and to develop cooperation in various economic sectors.

In yet another meeting, with Dr. A. Sakthivel, President of the Federation of Indian Export
Organizations (FIEO), H.E. Bin Touq highlighted the increasing opportunities for cooperation

between the two countries in export and re-export and supporting the growth of exporting
companies operating in the UAE and Indian markets.

H.E. Bin Touq also met with Mr. Sanjay Jayavarthanavelu, Chairman and Managing Director of
LMW, one of India’s leading companies specializing in textile machinery manufacturing. In

addition to the latest advanced technologies and innovative solutions used by the company in
the textile machinery industry, the meeting discussed the unique economic enablers and support

that the UAE’s business environment provides to companies looking to establish their operations
in the country.

During another meeting with Mr. Dheeraj Hinduja, Chairman of Ashok Leyland, a leading Indian
company in vehicle manufacturing and assembly, and the fourth-largest bus manufacturer in the

world, the company presented its expansion plans in the UAE market before H.E. the Minister of
Economy.

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