The
Union Minister for Commerce, Industry & Textiles, Anand Sharma, while
delivering his keynote address at the India Business Meet in Dubai today told
the investors and businessmen about India's determination to rationalize and
simplify the FDI procedure. He outlined the recent policy initiatives in that
direction like Invest India, e-biz, FDI reforms and asked investors to take
full advantage of these initiatives. “I share your concern in delay in
clearances. We are working seriously in that direction. The first meeting of
the Cabinet Committee on Investment examined projects in the oil and gas and
decisions will be taken in 30 days flat,” said Sharma.
Keeping in mind the immense possibility of the economic engagement between the two countries, Sharma also announced the establishment of a High-Level Task Force, co-chaired by Sheikh Hamed Bin Zayed Al Nehayan and himself “to develop avenues of catalysing greater investments on both sides.” “I am leading a strong delegation for the first meeting of the task force from India to take the cooperation to a new level”, said Shri Sharma. He also welcomed the Abu Dhabi sovereign wealth funds to invest in the Indian economy.
Sharma also said that the growing synergies between the businesses of both India and United Arab Emirates and the welcoming investment climate have encouraged the private sector to enhance their engagement to a higher level. Sharma added that the two economies have the advantage of geography enabling them to become natural partners. “Our economies are also defined by complementary strengths. It is these complementary strengths, which we must build upon as two people bound by ties of history to write a new essay of economic partnership in the 21st century,” stressed Sharma.
Keeping in mind the immense possibility of the economic engagement between the two countries, Sharma also announced the establishment of a High-Level Task Force, co-chaired by Sheikh Hamed Bin Zayed Al Nehayan and himself “to develop avenues of catalysing greater investments on both sides.” “I am leading a strong delegation for the first meeting of the task force from India to take the cooperation to a new level”, said Shri Sharma. He also welcomed the Abu Dhabi sovereign wealth funds to invest in the Indian economy.
Sharma also said that the growing synergies between the businesses of both India and United Arab Emirates and the welcoming investment climate have encouraged the private sector to enhance their engagement to a higher level. Sharma added that the two economies have the advantage of geography enabling them to become natural partners. “Our economies are also defined by complementary strengths. It is these complementary strengths, which we must build upon as two people bound by ties of history to write a new essay of economic partnership in the 21st century,” stressed Sharma.
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