Page 343 - MOE ENGLISH PR REPORT - JULY 2024

7/29/24, 2:03 PM Investopia Global Talks launched in India's Chennai to strengthen UAE-India economic partnership in new & sustainable economic …
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.”

“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

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