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7/29/24, 3:41 PM Latest News
delegation’s visit led by H.E. Bin Touq to India recently.
H.E. Bin Touq conveyed regards of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the

UAE, to Shri M.K. Stalin, emphasizing that the UAE and India share strategic economic, political and cultural
relations, which continue to grow and scale new heights.

The Minister of Economy said: "India is a strategic economic partner to the UAE and we look forward to
continuing to work with our partners in the Indian government in sectors and areas of mutual interest. Our

joint efforts will contribute to enhancing the distinct economic partnership between the two countries, thus
supporting the growth and sustainability of both economies."

Furthermore, H.E. Bin Touq reviewed the UAE's efforts in developing the tourism sector, especially in light of
the objectives of the National Tourism Strategy 2031. The strategy aims to raise the country’s status as the
best tourism identity in the world, consolidating its position as a 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.
H.E. also invited the two Tamil Nadu ministers to participate in the 4th 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.

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