
IBPC drives global business growth with impactful select USA event, strengthening India-UAE-US ties
In collaboration with the U.S. Consulate in Dubai, this event centred around the SelectUSA initiative, which aims to help foreign companies expand their operations in the U.S.
The event underscored the significant and growing economic relationship between India, the UAE, and the U.S., highlighting the mutual benefits of foreign direct investment (FDI) and cross-border partnerships.
Suresh Kumar, Chairman-Emeritus of IBPC Dubai, emphasized the strengthening ties between India, the U.S., and the UAE in his address.
"The relationship between India, the U.S., and the UAE has never been stronger. Once tariffs are settled, it presents a prime opportunity to forge even stronger connections, creating the right environment for businesses to thrive,' he said.
Patrick I. Tanimura, Deputy Principal Officer at the U.S. Consulate in Dubai, also offered insights into the strong commercial relationship between India and the U.S., noting, 'The positive relationship between Prime Ministers Modi and President Trump has paved the way for enhanced business exchanges. India's $40 billion investment in the U.S. has already created thousands of jobs, demonstrating the depth of this commercial partnership.'
The members – only event featured Fred W. Aziz, Principal Commercial Officer, who provided detailed insights into the SelectUSA initiative. SelectUSA, which has facilitated over $250 billion in verified investment, is dedicated to assisting foreign companies looking to enter the U.S. market or expand their operations within the country. Aziz highlighted the wide array of industries benefiting from SelectUSA, including manufacturing, logistics, energy, and construction.
Companies interested in exploring U.S. investment opportunities were introduced to SelectUSA's vast resources, including the SelectUSA Investor Guide and the program's comprehensive library of fact sheets and customized research, all available on the SelectUSA website. Attendees were also invited to participate in the SelectUSA Investment Summit scheduled for May 11-14, 2025, in National Harbor, Maryland. This premier event will gather over 2,500 business investors and 100+ economic development organizations, offering unparalleled networking and growth opportunities for foreign investors.
The IBPC Dubai's collaboration with the U.S. Consulate Dubai highlights the organization's ongoing commitment to fostering valuable connections for its members. This event not only provided key insights into the investment landscape but also presented a unique opportunity to help members of IBPC navigate the growing potential of the U.S. market.
"This event is a clear example of how IBPC Dubai continues to serve its members by providing timely, relevant opportunities that support their business expansion plans," said Dr. Sahitya Chaturvedi, Secretary General of IBPC Dubai. "Our members can gain direct access to key decision-makers, resources, and insights that will empower them to capitalize on U.S. market opportunities."
By hosting such an event, IBPC Dubai demonstrates its commitment to enriching the membership experience, helping to build stronger business networks, and encouraging more companies to join and benefit from the collaborative, resource-rich environment the Council offers.
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Arabian Post
5 hours ago
- Arabian Post
EU Can't Ban Non-Member India From Buying Russian Oil
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India and China are expected to continue buying discounted Russian crude although some Indian refineries, such as RIL, will find it difficult to re-export processed Russian crude to EU member countries. RIL may have to find new ways or new destinations to re-export processed Russian crude which may be further discounted after the fresh EU sanctions or face a big financial blow. As a whole, the Indian refinery industry will have to find ways to re-export refined Russian crude oil if they desire. This may not be an easy task. India was a supplier of refined petroleum products worth $15 billion annually to Europe. India imported crude oil worth US$50.3 billion from Russia in 2024-25. The share of Russian oil in India's crude oil basket is more than 44 percent. Several non-EU countries import processed crude oil, particularly refined petroleum products derived from Russian crude. India, China, and Turkey are significant buyers of Russian crude oil and refined products. 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Incidentally, both India and China continue to have good relations with Ukraine. Last year, India's imports from Ukraine were valued at $1.036 billion, while India's exports to Ukraine were $0.187 billion. The total trade turnover between the two countries for the same period was $1.224 billion. China's imports from Ukraine totalled US$2.68 billion, according to the UN COMTRADE database. So far, both India and China appear to be unfazed by the EU ban on Russia's oil and gas exports. India's Petroleum Minister Hardeep Singh Puri thinks the market would more or less continue to operate as usual. The EU lens on Rosneft is a concern. Rosneft was believed to be in talks with some potential Indian buyers, including RIL, to sell off its majority stake in Nayara Energy, even before the EU contemplated further tightening the ban on Russian oil exports. The Indian petroleum minister seems to be generally happy that oil markets have not hardened following the announcement of fresh EU sanctions on Russia. Although India's $15-billion refined petroproducts export to the EU will take a hit, the country is already exploring new markets for the export of refined petroleum. The export earning, last year, was worth as much as $85 billion. Given the current geopolitical situation, import-based India needs to work out a strong strategy to protect its energy security as well as export trade. (IPA Service)


Dubai Eye
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Gulf Today
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