By IANS,
Dubai: The economic dynamism of India opens door for the investors from United Arab Emirates, Dubai Export Development Coroporation chief Saed Al Awadi said Saturday.
“India is currently Dubai’s major trading partner with over 40 percent of the emirate’s exports going to the country. The economic and entrepreneurial dynamism in India opens door for our firms not only to consider entering the market if they have not already done so, but also to extend their reach,” Al Awadi said.
Factors that have led to India becoming a target export market is the opening up of its economy, including the rapid growth of the middle class segment which is a major attraction for exporters due to its increasing size and purchasing power, he said at a seminar on “Exporting Opportunities in India”.
The seminar organised by the Dubai Export Development Corporation (EDC) was attended by the representatives of more than 40 UAE companies, WAM news agency reported.
Sanjay Verma, Consul General of India, A.J. Vidiaysagar, chief executive officer of State Bank of India Dubai Branch, and Navin Kapoor, managing director of Xpertise Unlimited, were also present on the occasion.