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UAE delegation, while attending the Dubai International Finance Centre on Thursday, has called for deepening the bilateral business relationship between the UAE and India as there is a wider scope being provided by the new global economic realities.
DIFC governor Oman Bin Sulaiman has mentioned that using resources from India and the UAE together can deepen the commercial and investment links between the two countries so that mutual benefits can be reaped.
Sulaiman, who is also the UAE Central Bank vice-chairman, said this at a seminar entitled "The India-UAE Partnership: Investments, Opportunities and Synergies."
"DIFC's strong institutional links with international financial markets make it the most open and suitable platform for India to access global capital," he said.
"DIFC is particularly equipped to attract and service Indian international family businesses."
Road Transport and Highways Minister Kamal Nath mentioned that DIFC was vital for the enhanced collaboration between the two nations.
"Its expertise will help us benefit from the opportunity of attracting long-term funding to our infrastructure projects," he said.
Overseas Indian Affairs Minister Vayalar Ravi acknowledged the enormous potential of deeper bilateral cooperation between the two countries.
"The investment requirement in infrastructure in India over the next three years is estimated at $435 billion, of which nearly 30 percent would come from public-private partnerships," Ravi said.
Maintaining that the Gulf region was a focus area, he said India looked forward to greater cooperation in the infrastructure and investment sectors with the region.
