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

"The choice of Chennai, India as the venue for the Investopia Global Talks is driven by its strong
economic foundation in new and innovative sectors like electric vehicles, programming, medical tourism,
sustainable manufacturing, data centres, and the development of fintech sector. This establishes
Chennai as a key hub for fostering attractive investment prospects in these sectors, which are crucial to
the UAE private sector to explore and capitalize on. The Indian government has set an ambitious target

for Chennai to achieve a trillion-dollar economy by 2030 through sustainable sectors and initiatives,
cutting-edge innovations, e-commerce, and the upskilling of talent," H.E. added.

H.E. Alia Al Mazrouei, Minister of State for Entrepreneurship, said: "Under the directives of its wise
leadership, the UAE attaches significant importance to developing the SMEs sector, which is a key

partner in fostering the growth and sustainability of the national economy. SMEs today make up 94 per
cent of all private sector companies in the UAE and contribute 40 per cent to the UAE's GDP.” H.E.
emphasized that the Ministry of Economy has set a target of raising the number of SMEs operating in the
country's markets to one million by 2030. This objective aims to support the increase of the UAE's GDP

to AED 3 trillion within the next decade, aligning with the goals outlined in the 'We the UAE 2031' vision.

"This edition of Investopia marks a new step in fueling SME sector growth in both the UAE and India. Its
purpose is to shed light on the opportunities and enablers available to entrepreneurs and startups in both
countries, while also motivating them to invest in new economic sectors." H.E. added.

The latest edition of Investopia Global Talks hosted three panel discussions that brought together

government officials, businessmen, and investors from both countries. The first session, titled "Shifting
Geo-Political Tides: India's Global Economic Role and the Impact of the Red Sea Crisis," emphasized
the significance of capitalizing on opportunities and enablers offered by both countries to overcome
current global economic challenges. It also aimed to facilitate the exchange of experiences and best

practices in sustainable sectors and activities. Additionally, the session shed light on the pivotal role of
the India-Middle East-Europe Economic Corridor project.

The second session focused on the key mechanisms and strategies for decarbonizing heavy industries
in both markets. This plays a vital role in the efforts to achieve climate neutrality in the future and
enhancing green partnerships between the two countries. The session also highlighted the significance

of adopting advanced technologies and innovations that facilitate the transition towards sustainable
sectors and promote environmentally friendly economic growth. Furthermore, it discussed the
importance of finding suitable solutions to address the escalating environmental challenges.

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