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)
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Updated 25 July 2024
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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.


Hungary PM to attend Trump’s ‘Board of Peace’ inaugural meeting

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Hungary PM to attend Trump’s ‘Board of Peace’ inaugural meeting

  • Orban attended the launch of the initiative last month in the Swiss ski resort of Davos
  • “Two weeks from now we will meet again in Washington,” he said

BUDAPEST: Hungarian Prime Minister Viktor Orban said Saturday that he will be going to Washington “in two weeks” to attend the first meeting of US President Donald Trump’s “Board of Peace.”
Although originally intended to oversee Gaza’s rebuilding, the board’s charter does not seem to limit its role to the Palestinian territory and appears to want to rival the United Nations.
One of the US leader’s closest allies in the European Union, the nationalist Orban attended the launch of the initiative last month in the Swiss ski resort of Davos.
“Two weeks from now we will meet again in Washington, because the Board of Peace, the peace body, will have an inaugural meeting,” he told a campaign event in the western town of Szombathely.
Permanent members must pay $1 billion to join, leading to criticism that the board could become a “pay to play” version of the UN Security Council.
Orban — currently the longest-serving national leader in the EU — faces an unprecedented challenge at a general election slated for April 12.
Independent polls show the opposition led by Peter Magyar, an ex-government-insider-turned-critic, is ahead with a stagnating economy and growing discontent with public services, among key issues.