India, Sharjah to bolster economic ties

Over 100 Indian investors participated in a business conference in the UAE to strengthen Sharjah’s trade relations with India and to promote the Gulf emirate as a leading business and investment hub in the region. The conference focused on addressing the investment opportunities spanning across emerging sectors such as technology, artificial intelligence (AI) and renewable energy, in a bid to expand the number of businesses in Sharjah in the coming years. Sharjah is one the key drivers for Indian outbound investment into the Gulf region, valued at more than USD 137 billion and a primary non-oil trade partner. India and Sharjah have shown significant growth, with the Indian economy expected to grow by 7.5 per cent and UAE’s economy at an accelerated 3.9 per cent rate in 2018, the statement said.

Leave a Reply

Your email address will not be published. Required fields are marked *