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Dubai Chamber applauds Indian government's ease of doing business initiative

ANI  |  New Delhi [India] 

The Chamber of Commerce and Industry on Thursday commended the strengthening of trade and commerce relationship between and Dubai, crediting this growing relationship to the ease of doing initiative by the at the Centre.

Prime Minister Modi was the first Indian PM to visit the nation and this followed by two visits of the crown Prince of Sheikh Mohammed bin Zayed last year and in January 2017 to preside over the Republic Day celebrations has strengthened the ties between and Dubai, said Chamber of Commerce and Industry Chairman H.E. Majid Saif Al Ghurair.

"Chamber has placed a strategic focus on strengthening the Emirate's ties with The country is a major part of our expansion strategy and we are excited to be opening our representative office in later this year," said Majid Saif Al Ghurair while addressing a delegation of Confederation of Indian Industry (CII) here.

"offers plenty of exciting trade and investment opportunities which businesses in the UAE stand to benefit from. The country is pushing ahead with plans to expand its infrastructure, develop cluster cities, and boost foreign investment in various sectors."

Chamber and Dubai-headquartered DP World, which has operations in India, said that relationships between and have taken a completely different turn after the PM Modi's visit in August 2015, followed by the crown Prince of Abu Dhabi's visits.

"Partnership between and is growing stronger by the day and the is making all efforts to give assistance to on both sides," said Anil Singh, Chairman, Senior Vice President and Managing Director - Subcontinent UAE - Council DP World.

"Bureaucracy is major challenge faced by businesses operating in India; however, we believe that doors have been opened up for investments to increase in both countries. We also believe that the ease of doing has been a major push and it will grow with openness and constant dialogues."

Recently, DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem had announced investments of USD one billion in India's ports, logistics and zone, in addition to its current large portfolio.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 16:26 IST