KHALEEJ TIMES, Monday, Apr 5, 2021 | Shaaban 22, 1442
UAE, India and Israel business potential pegged to hit $110B by 2030
Emirates:
Strategic partnerships between the UAE, India and Israel are poised to
reach $110 billion by 2030, backed by innovation and visionary leadership,
according to top diplomats and members of the business community.
An exclusive event of the International Federation of Indo-Israel Chambers of
Commerce (IFIICC) was organised on Sunday to discuss the ongoing business
collaborations being pursued through the IFIICC leadership across sectors by
Kamal Vachani, who was recently appointed the honourary president for the UAE of
the IFIICC.
Dr Ahmed Abdul Rahman AlBanna, Ambassador of the UAE to India and a founding
patron of the IFIICC, said: ”UAE and India bilateral trade is projected to grow
from $60 billion in 2020 to $100 billion by 2030. The UAE is a gateway to the
world and this trilateral with India and Israel could benefit the world.”
Ambassador Ilan Sztulman Starosta, Head of the Mission Consulate of Israel to
Dubai, said: “The international business potential backed by Israeli innovation,
the UAE’s visionary leadership and strategic partnership of both nations with
India could be $110 billion by 2030.”
Dr Aman Puri, Consul-General of India to Dubai, said: ”The Indian business
community in the UAE could significantly leverage the strengths of this
trilateral to boost economic growth of all nations.”
Merzi Sodawaterwala, founder and chairperson of the IFIICC, said: “Innovation
and collaboration can help usher in a new, post-pandemic era of sustainable
economic growth.”
Vachani, who is also group director and partner of Al Maya Group, added: “The
innovation and economic prospects of this trilateral are endless.”
Ran Tuttnauer, honourary president of the IFIICC in Israel and chairman of the
Israeli Manufacturers Council at the Manufacturers Association of Israel, said:
“International business through the UAE in collaboration with India using
Israeli Innovation will be the future.”
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