UAE explores business opportunities in southern India as economy minister visits

UAE Economy Minister Abdulla bin Touq Al-Marri visits the Indian Institute of Technology–Madras on July 24, 2024. (UAE Economy Ministry)
Short Url
Updated 25 July 2024
Follow

UAE explores business opportunities in southern India as economy minister visits

  • Emirati delegation holds Investopia sessions, visits Indian Institute of Technology–Madras
  • It is focusing on public and private sector partnerships in logistics, advanced industries

New Delhi: UAE Economy Minister Abdulla bin Touq Al-Marri and his delegation met Tamil Nadu’s chief minister on Thursday as they are exploring business and investment opportunities in southern India.

Accompanied by Minister of State for Entrepreneurship Alia Abdulla Al-Mazrouei and members of the Emirati business community, Al-Marri is exploring new partnerships at the government and private sector levels in logistics, advanced industries, entrepreneurship, and micro, small and medium enterprises.

He was welcomed by Tamil Nadu Chief Minister M.K. Stalin, who took to social media to say that Al-Marri is a “great friend and well-wisher” of the most populous southern Indian state.

“During our meeting, we discussed business and investment partnerships in sectors such as logistics, retail, affordable housing, and food processing, with a particular focus on MSMEs and job creation,” Stalin said.

On Wednesday, the Emirati delegation and the Confederation of Indian Industry organized in the Tamil Nadu capital, Chennai, networking sessions under the Investopia Global Talks — an initiative of the UAE government aimed at connecting investors, business leaders and government officials.

They also visited the top engineering institute in India, the Indian Institute of Technology–Madras, to learn about its research and start-up incubation ecosystem.

“It has been a great few days to be here. Tamil Nadu is one of the biggest states that we are focusing on in the UAE,” Al-Marri told reporters after the visits. “We have a delegation of large corporations and small and medium enterprises … Now, it’s time for business-to-business to create more deals and partnerships.”

Tamil Nadu is India’s second-largest exporter of software, after Karnataka, and is known for the automobile and engineering industries. Manufacturing contributes 33 percent and agriculture 13 percent to the state’s economy.

The state is also home to about 1.9 million SMEs.


WHO appeals for $1 bn for world’s worst health crises in 2026

Updated 58 min 6 sec ago
Follow

WHO appeals for $1 bn for world’s worst health crises in 2026

  • The UN health agency estimated 239 million people would need urgent humanitarian assistance this year and the money would keep essential health services going

GENEVA: The World Health Organization on Tuesday appealed for $1 billion to tackle health crises this year across the world’s 36 most severe emergencies, including in Gaza, Sudan, Haiti and the Democratic Republic of Congo.
The UN health agency estimated 239 million people would need urgent humanitarian assistance this year and the money would keep essential health services going.
WHO health emergencies chief Chikwe Ihekweazu told reporters in Geneva: “A quarter of a billion people are living through humanitarian crises that strip away the most basic protections: safety, shelter and access to health care.
“In these settings, health needs are surging, whether due to injuries, disease outbreaks, malnutrition or untreated chronic diseases,” he warned.
“Yet access to care is shrinking.”
The agency’s emergency request was significantly lower than in recent years, given the global funding crunch for aid operations.
Washington, traditionally the UN health agency’s biggest donor, has slashed foreign aid spending under President Donald Trump, who on his first day back in office in January 2025 handed the WHO his country’s one-year withdrawal notice.
Last year, WHO had appealed for $1.5 billion but Ihekweazu said that only $900 million was ultimately made available.
Unfortunately, he said, the agency had been “recognizing ... that the appetite for resource mobilization is much smaller than it was in previous years.”
“That’s one of the reasons that we’ve calibrated our ask a little bit more toward what is available realistically, understanding the situation around the world, the constraints that many countries have,” he said.
The WHO said in 2026 it was “hyper-prioritising the highest-impact services and scaling back lower?impact activities to maximize lives saved.”
Last year, global funding cuts forced 6,700 health facilities across 22 humanitarian settings to either close or reduce services, “cutting 53 million people off from health care.” Ihekweazu said.
“Families living on the edge face impossible decisions, such as whether to buy food or medicine,” he added, stressing that “people should never have to make these choices.”
“This is why today we are appealing to the better sense of countries, and of people, and asking them to invest in a healthier, safer world.”