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7/29/24, 2:03 PM Investopia Global Talks Launched In India's Chennai To Strengthen UAE-India Economic Partnership In New & Sustainable Econo…
this, 20,000 Indian commercial licenses were registered during the first six months of this year
alone.”

“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

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