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7/29/24, 2:02 PM Investopia Global Talks launched in India’s Chennai to strengthen UAE-India economic partnership in new & sustainable economic …
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.

The third session, titled “Make it in the Emirates” reviewed the significance of the UAE’s
industrial sector in bolstering the country’s reputation as a leading global destination for

international investors. It highlighted the policies adopted by the UAE and the incentives that
were launched to promote this crucial sector over the years. Moreover, the session underscored

the crucial role of adopting innovative and smart solutions and artificial intelligence (AI) to
enhance the efficiency, growth, and competitiveness of industrial companies. Additionally, it

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