Uttarakhand seeks UAE investment in major sectors
High-level talks in New Delhi explore UAE investments in renewable energy, infrastructure, and knowledge cities
Uttarakhand Seeks Stronger Investment Ties with UAE Across Key Growth Sectors
New Delhi, April 15:
In a move aimed at strengthening international economic partnerships, UAE Deputy Chief of Mission Majid Alnekhelavi met with Ajay Mishra, the Resident Commissioner of Uttarakhand, at the UAE Embassy in Uttarakhand Niwas, New Delhi. The high-level meeting focused on boosting investment cooperation between the UAE and the Indian state of Uttarakhand.
Ajay Mishra emphasized the growing investment potential of Uttarakhand, especially in the wake of the successful Uttarakhand Global Investors Summit 2023. He noted that the state has rapidly transformed into a promising destination for investors due to its significant strides in law and order, policy reforms, road connectivity, and a stable infrastructure landscape.
Mishra highlighted priority areas where UAE partners have significant investment opportunities throughout the dialogue. These include the creation of knowledge-based cities, comprehensive infrastructure and corridor projects, and renewable and alternative energy. According to him, these projects have the potential to be mutually beneficial and accelerators for sustainable progress in both sectors.
An overview of Uttarakhand’s capabilities was presented with a short film highlighting the state’s emerging industries, including biotechnology, tourism, food processing, wellness, and infrastructure development. The film also highlighted grassroots initiatives, including women’s self-help groups involved in regional manufacturing, highlighting the state’s commitment to inclusive development.
The UAE and India have a long-standing alliance based on decades of trade and diplomatic cooperation. Since the establishment of diplomatic relations in the early 1970s, the two countries have greatly increased their cooperation in several sectors. The discovery of oil and India’s economic liberalization have transformed the relationship between the two countries into a contemporary, diverse economic alliance, while its early trade was centered on traditional commodities such as pearls and dates.
The approximately 3.5 million Indians living in the UAE are now a vital part of this bilateral relationship. They contribute to the areas of business, culture and social development, fostering strong bonds. Both sides hope to continue this tradition of cooperation and success through initiatives such as the Uttarakhand-UAE Investment Dialogue.
