Dubai (Etihad)
The UAE accounted for the largest share of 55.7% of the cumulative foreign direct investment flows coming into the Gulf region from India during the years 2018-2022, which amounted to $164.4 billion, thus recording an increase of 85.5% compared to the period extending from 2013 to 2017. According to the Alpen Capital report.
Alpen Capital, the UAE-based investment and banking consulting firm, announced the publication of its research report entitled “The Gulf-India Corridor: Investment Opportunities.” This report provides an analysis of investment flows between the Gulf and India. It also assesses the competitiveness of both regions and monitors key sectors for potential cooperation and investment.
Fahd Al Gergawi, CEO of Dubai Investment Development Corporation, said: “The UAE and India have strong economic relations and mutual opportunities. Strategic initiatives and opportunities related to specific sectors will make the UAE an attractive destination for Indian companies and vice versa, which will enhance the dynamic investment landscape. It is expected that These opportunities and initiatives push bilateral relations between the two countries to broader horizons.”
Sanjay Sudhir, Ambassador of the Republic of India to the UAE, said: “India’s relations with the Arab Gulf countries are expanding at a rapid pace. The vision of the leadership on both sides, in India and the GCC countries, provides a clear roadmap to deepen cooperation across sectors. These are two-way partnerships – It contributes to finding win-win solutions for all parties involved. On the other hand, India’s growth story in itself is a great attraction for investors as the investment returns generated by India are among the highest in the world.
Moreover, investing in startups creates an opportunity to participate in the modern technological revolution that contributes to creating the next generation of solutions to everyday problems. The Indian government has also undertaken major reforms, which include, in particular, simplifying procedures, taxes, and implementing a single window system for customs clearance to facilitate doing business.”
In turn, Rohit Walia, Executive Chairman and CEO of Alpen Capital, said: “Both India and the GCC countries are going through a major transitional phase, with the respective governments moving forward in their efforts for economic integration and diversification. India’s continued efforts to upgrade infrastructure Enhancing digital empowerment, driving local manufacturing, and developing energy production are consistent with the huge investments made by Gulf countries with the aim of diversifying their non-oil economies. Although trade relations between the two sides are thriving, investment relations have also witnessed further progress against the backdrop of emerging opportunities in sectors. Diversified sectors including healthcare, pharmaceutical products, ICT, manufacturing and agriculture, as these countries continue to grow and develop their economies, there is great potential for investors from both sides to benefit from the abundant opportunities.”
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