Indian Minister; Anand Sharma urges UAE to give textile imports concession
The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma, in a bilateral meeting with Ms. Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, UAE, in Dubai, said that despite of the fact that UAE is India’s top partner amongst the GCC countries and the second largest trading partner for…
Egytex News Desk
Source: Fiber2fashion News desk
Shri Sharma was also concerned of the matter that although the bilateral trade between the two regions has grown tremendously, the capital flow between the regions has remained miniscule. Speaking on the same issue, Shri Sharma emphasized the opportunities for increased investments from UAE in India, especially in infrastructure sector such as power and utilities, roads and highways, ports, aviation, telecommunications and urban infrastructure.
He also assured that “India is committed to strengthening and expanding cooperation with UAE in other sectors such as construction, downstream products in the petroleum and natural gas sector, agriculture and food processing, science & technology, renewable energy, IT, education, training, health and financial services.”
Highlighting the fact that India is a major exporter of textiles, Shri Sharma also hoped that the UAE Government would give a special concessional treatment to textile imports from India.
Shri Sharma also expressed the desire of Indian companies to invest in UAE in energy intensive manufacturing, infrastructure, services, tourism and hospitality, pharmaceuticals and healthcare, financial services, agro-based value chain and education. Along with this, Shri Sharma conveyed to the UAE Minister India’s desire to “take part in UAE’s projects in the oil, railways, construction and other sectors.”
Source: Fiber2fashion News desk
From the Egytex news archive, first published on 26 February 2013. Figures and names are as reported at the time.
