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Pact with UAE to generate $100bn trade
September 25, 2021
India has created an imposing presence at Dubai Expo 2020, to be inaugurated by next month by Piyush Goyal with its four-storey pavilion constructed across 1.2 acres, with a delightful theme of India on the move, and the government’s global push towards attracting investors for its projected $5 trillion economies.
While the govt began negotiations for the comprehensive economic partnership agreement with the UAE in Delhi on Wednesday, India’s ambassador to UAE Pawan Kapoor gave a sneak peak to the pavilion, one of the largest among all countries participating in the Dubai Expo 2020.
Kapoor asserted that the free trade agreement being negotiated with the UAE will help in sealing at least $100 bn trade for the next few years.
Leading Indian brands and multinational companies, including Tatas, Reliance Industries, Adani, Vedanta, HSBC, ITC, Facebook, are among 34 corporate sponsors that have already confirmed their participation in the Indian pavilion, showcasing business opportunities. The list may touch 50 marks, with the Indian embassy here getting more requests.
The Dubai 2020 Expo is billed as one of the biggest events of UAE, which is commemorating its 50th anniversary this year, coinciding with India’s 75th anniversary of Independence. The long expo was to start in October last year but was postponed due to the pandemic. It will continue till 2022, while India’s pavilion will have its permanent presence and serve as a meeting ground for worldwide investors.
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