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14.05.24 10:30

Economy

The Sharjah Chamber of Commerce and Industry completes its trade mission to India

The Chamber held 365 bilateral business meetings⁠

The Sharjah Exports Development Centre (SEDC), on behalf of the Sharjah Chamber of Commerce and Industry (SCCI), has concluded its trade mission to India with success. This is reported by Emirates News Agency (WAM), a partner of TV BRICS.

Representatives from around 220 Indian businesses engaged in a range of industries, investments, and economic sectors, as well as corporations taking part in the trade mission, attended these sessions.

Mumbai hosted the Sharjah-India Business Forum as part of the trade mission's second phase.

The event's goal was to investigate potential avenues for boosting trade volumes and developing economic cooperation across a range of commerce and industry sectors.

More than 110 Indian businesses operating in Mumbai, representing a variety of industries and investment areas, and representatives of enterprises taking part in the trade mission convened more than 205 bilateral business meetings during the forum, which was organised by the Sharjah Chamber's delegates.

Officials hope that the local business community and operating companies will play a significant role in fostering greater economic cooperation, drawing in joint investments, and increasing the number of Indian and Sharjah-based businesses.

The main topic of discussion during the meeting was developing a collaborative business model or template, the fundamentals of which should be decided upon in the near future through ongoing contact between the two sides. There was also discussion of other suggestions to improve India's and the United Arab Emirates' private sector relations.

Photo: iStock

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Prabowo Subianto

President of Indonesia

"This roadmap sets the framework for our joint efforts. Indonesia and Belarus have great potential for expanding cooperation in various fields. Our cooperation will focus on industrial development and agricultural modernisation. In industry, we see a major opportunity to increase trade volumes, investment, and cooperation between our two countries. We are also pushing for closer collaboration in culture and human resource development"

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

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The Sharjah Chamber of Commerce and Industry completes its trade mission to India

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