In a transformative move for international investment and economic collaboration, the UAE-India Business Council - UAE Chapter (UIBC-UC) and the Department of Industries and Commerce (DoIC) of Rajasthan have officially signed a Memorandum of Understanding (MoU). 

 

Aimed at bolstering investment and business collaboration in the Indian state, the signing of the strategic MoU took place during the Rajasthan official delegation’s visit to Dubai, led by Colonel Rajyavardhan Rathore, the Indian Minister for Industry and Commerce. 

 

Accompanied by senior officers, including Sidharth Sihag, Joint Secretary to Hon’ble Chief Minister and Sourabh Swami, Additional Commissioner, Bureau of Investment Promotion, along with Atul Sharma, Director, FICCI, Rajasthan State Council, the delegation was in Dubai to promote the upcoming Rising Rajasthan Global Investment Summit 2024, scheduled to be held from December 9 to 11 in capital Jaipur.

 

The Rising Rajasthan Summit represents a critical platform for attracting global investments across diverse sectors such as Agri & Food Processing, Auto Components, Chemicals & Petrochemicals, and Education & Skill Development. 

 

The MoU outlines key objectives such as promoting Rajasthan’s investment potential to UAE-based businesses, supporting joint events and workshops, and facilitating the exchange of vital market intelligence. By creating robust networking opportunities, the agreement seeks to connect UAE investors with Rajasthan-based enterprises and government entities, thereby stimulating greater investment interest and business partnerships.

 

To ensure effective implementation, a Joint Working Group (JWG) will be established with representatives from both parties, each designated as primary points of contact for streamlined communication and coordination.-TradeArabia News Service