• search

Booming Indian economy offers scope for Indo-Arab JVs:Ahamed

Written by: Staff

Khartoum, Sudan, Mar 28 (UNI) Acknowledging the ''great complementarities'' between the economies of India and the Arab nations, Minister of State for External Affairs E Ahamed today called for stepping up trade and investments and setting up joint ventures.

Indian entrepreneurs hope to invest more in Indo-Arab joint ventures in sectors such as IT, steel, higher education, health, infrastructure, power, energy, shipping, air services, tourism, petro-chemicals and manufacturing sectors, Mr Ahamed said in his address at the 18th summit of League of Arab States here.

Pointing out that the Arab nations were an important source of energy and an important market for Indian goods, the Minister said about 4.5 million Indians living in these countries contributed to their economies, including the Gulf.

''We encourage Arab nations to take advantage of the booming Indian economy and direct their investments to India. The Arab World and India linked by the Arabian Sea are thus very much part of each other's strategic neighbourhood,'' he said.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more