DIFC Seeks Bilateral Gains in India

Dr Omar bin Sulaiman, governor, Dubai International Financial Centre, or DIFC, and vice-chairman, UAE Central bank, is leading the delegation. The visitors will be interacting with Vayalar Ravi, the federal minister of Overseas Indian affairs and Kamal Nath, the federal minister of road transport and highways, besides several bankers
 and industrialists.

“The fraternal and commercial relationship between our two nations is already extremely strong and important to both our economies,” Sulaiman said on Wednesday, on the eve of the India road show. “Given the exceptionally complementary nature of the Indian and UAE markets, and in light of a changing global economic landscape that enhances the benefits of bilateral engagement, now is the time to explore the many opportunities for greater collaboration in the areas of banking, finance and investment.”

The visitors will be participating in a seminar – organised by DIFC and co-organised by the Federation of Indian Chambers of Commerce and Industry, or FICCI and supported by the Indian Banks’ Association – which will highlight the complementary nature of the two economies, as well as provide greater insight into DIFC’s role as a gateway for global capital.

Entitled “The India-UAE Partnership: Investments, Opportunities and Synergies”, the seminar will explore ways that Indian companies can tap into Gulf liquidity, benefit from the DIFC’s world-class legal and regulatory infrastructure and gain from its position as a gateway for capital between Asia and Europe.

The bilateral benefits of increased collaboration in banking, finance, investment and trade between the UAE and India will be the focus 
of the seminar.

“We are delighted to co-organise this event and welcome the DIFC delegation to India as we endeavour to deepen the banking and financial services links between the UAE and India,” says Dr Amit Mitra, secretary-general, FICCI. “Cooperation at the institutional level between the UAE and Indian business communities is crucial, and will ensure that we are best placed to take advantage of the increased opportunities for inward and outward investment between the two countries in the new economic environment.”

The seminar seeks to reach a wide audience of Indian banking and finance market participants, including banks, brokerage houses, law firms, insurance companies and family businesses. Other members of the Dubai delegation include Abdulla Mohammed Al Awar, chief executive officer, DIFC Authority; Essam Al Tamimi, Senior Partner, Al Tamimi & Company; Dr Nasser Saidi, Chief Economist, DIFC Authority; Paul Koster, Chief Executive, Dubai Financial Services Authority; Jeff Singer, Chief Executive NASDAQ Dubai; Peter Hodgins, Partner, Clyde & Co; Prarthna Chaddha, Associate, Clyde & Co; and Suresh Kumar, CEO, Emirates NBD.


Nithin@khaleejtimes.com