UAE investors eying India


January 25, 2017 | By RetailME Bureau

Ahead of India’s 68th Republic Day, the visiting delegation from the UAE – comprising top CEOs and business leaders from different sectors – were given comprehensive briefing about the current and future business scenario in India and changes taking place.

The UAE business delegation was led by Abdullah Bin Ahmed Al Saleh, under-secretary, ministry of foreign trade, and included Ahmed Bin Al Falahi, commercial attache UAE embassy; Sultan Bin Sulayem, chairman-DP World; Yusuffali MA, chairman, Lulu Group; and Mohammed Sharaf, group CEO, Dubai Ports World, among others.

Attendees acknowledged the visible change taking place in the Indian economy and the positive sentiment in the market due to initiatives such as ‘Make in India’, ‘Skill India’ and ‘Digital India’ to name a few.

The UAE had last year announced $75 billion investment in India, is already involved in many projects and many new ones are expected to be finalised soon.

“We are keen to further strengthen our age-old relationship between both the countries and would like to explore new sectors to invest in. Lulu’s portfolio of investment in India is around INR12000 crore ($2 billion), which is primarily into shopping malls, hotels, convention centres and food processing in Kerala, Uttar Pradesh, Gujarat, Telengana and Andhra Pradesh,” emphasises Yusuffali.

Some of the key sectors in India being considered by the UAE investors are infrastructure, railways, airports, defence, IT and space.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau




Download Images RetailME Magazine