Page 325 - MOE ENGLISH PR REPORT - JULY 2024

7/29/24, 2:02 PM Investopia Global Talks launched in India's Chennai

The event was organized by Investopia in cooperation with the Government of the Indian State of Tamil

Nadu and the Confederation of Indian Industry (CII), in the presence of H.E. Abdulla bin Touq Al Marri,
Minister of Economy and Chairman of Investopia; H.E. Alia bint Abdulla Al Mazrouei, Minister of State for
Entrepreneurship; Dr. T.R.B. Rajaa, Minister of Industry, Investment Promotion and Commerce in the

Government of Tamil Nadu; H.E. Sunjay Sudhir, Ambassador of India to the UAE; and R Dinesh,
President of CII. It drew the participation of more than 300 attendees, including investors, entrepreneurs,
economists and representatives of leading UAE and Indian private sector companies.

H.E. Bin Touq emphasized Investopia’s key role in strengthening the UAE’s efforts to transition to a new
economic model based on knowledge and innovation, given its focus on promoting investment and

expansion in new and sustainable economic sectors. Furthermore, it facilitates productive economic
partnerships with governments and the private sector in these critical areas, where dialogues have been
successful. Over the past three years, Investopia Global Talks traveled to more than 11 global strategic
markets, presenting a series of effective and distinct debates and sessions on economic and investment

opportunities in emerging markets, and offering an interactive platform that brought together senior
leaders, economic players, investors and entrepreneurs at the local, regional and global levels.

H.E. added that the UAE and India share the vision of embracing a new and sustainable economic model,
which underscores Investopia’s key role in promoting and supporting the achievement of this

vision in the government and private sectors of the two countries.

The UAE and India are among the fastest growing economies, with the UAE’s non-oil GDP growing by
6.2% in 2023 compared to that of 2022, ranking 5th globally in the real GDP growth index. Meanwhile,
India's GDP grew by 8.4% in the last three months of 2023. These figures reflect the momentum of

growth of economic opportunities in the two countries' markets during the next phase, given their
outstanding economic partnership.

H.E. Bin Touq said: "We introduced the inaugural Investopia Global Talks in India in 2021, hosting two
sessions in Mumbai and New Delhi. Today, we are launching a new milestone in the South Indian city of
Chennai, highlighting the significance we attach to the Indian private sector as a key economic and

investment partner to the UAE’s business sector. This has great relevance considering there were over
232,000 Indian commercial licenses operating in various economic sectors and activities within the
UAE's markets as of the end of H1 2024. In this, 20,000 Indian commercial licenses were registered

during the first six months of this year alone."

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