4th India-Arab partnership meet to be held in Delhi
The 4th India-Arab partnership conference will be held in New Delhi on Nov. 26 and 27.
The conference is jointly organized by the Arab League, Federation of Arab Businessmen (FAB) and General Union of Arab Chambers of Commerce and Industry and Agriculture (GUCCIA) in association with the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Ministry of External Affairs.
The conference is aimed at promoting a multidirectional flow of investment and facilitating investment projects across various sectors.
The conference is also aimed at further deepening and redefining mutual economic relations in light of a new perspective on Indo-Arab cooperation, said organizers.
Three partnership conferences had previously been held in 2008, 2010, 2012.
The third and final conference was held in Abu Dhabi and concluded with a declaration calling for setting up Arab-Indian financing institutions in order to facilitate banking transactions and to encourage investments between the parties.
The multi-sectoral partnership conference is open to joint business ventures with Saudi businessmen, and investors can visit www.iapc2014.com for information and participation, according to Indian Embassy spokesman Surinder Bhagat.
The conference seeks to provide a platform for Indian and Arab businessmen to interact and explore new opportunities for investment and business, with focus on mega-investment opportunities in India, to potential Arab investors.
A flagship event for both FICCI and the member states of the Arab League, the function aims to extend a conducive and enabling platform to Indian and Arab business communities, he said.
India and Saudi Arabia are cordial business partners, with bilateral business ties steadily expanding through a regular exchange of business delegations.
Besides being a major trade partner, India sees the Kingdom as an important economic partner for investments, joint ventures and transfer of technology projects.
According to the Indian Embassy, the Kingdom is the fourth largest trading partner of India. The value of their two-way trade in 2012-2013 exceeded $43.78 billion and $32.7 billion between April and November of that year.
Saudi Arabia is the sixth largest market in the world for Indian exports and received more than 4 percent of India’s global exports in 2014.