UAE minister of state for foreign trade Thani bin Ahmed Al Zeyoudi launched the chapter, UIBC’s India Chapter announced on twitter.

India and the UAE recently launched the UAE India Business Council-UAE Chapter (UIBC-UC) in Dubai to strengthen economic ties and support their joint mission to raise bilateral trade and investment. Its India Chapter was set-up in 2016. UIBC was launched during the 11th session of the India-UAE Joint Commission Meeting in September 2015 in New Delhi.

The UAE Chapter will operate under the supervision of the Federation of UAE Chambers of Commerce & Industry and has been registered as a legal and financial entity with the Dubai Chamber of Commerce.

The founding members of the UIBC-UC from the UAE side are Mubadala, a sovereign wealth fund, Wizz Financial, DP World, EMAAR, Emirates Airlines, Emirates NBD Bank.

Conglomerates like TATA, Reliance, and Adani are represented from the Indian side, along with Ola, Zerodha, Udaan and EaseMyTrip.

Fibre2Fashion News Desk (DS)