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India Gazette
14-07-2025
- Business
- India Gazette
"India has shown that if terrorists come to our home and commit a crime...": CM Mohan Yadav hails Op Sindoor in UAE
Dubai [UAE], July 15 (ANI): Madhya Pradesh Chief Minister Mohan Yadav, on Monday, lauded the Indian armed forces for conducting Operation Sindoor in retaliation for the April 22 Pahalgam attack, asserting that India has shown that it can neutralise anyone who comes and commits a crime on its land. While addressing the 'Madhya Pradesh Business Investment Forum' Program, CM Yadav described Operation Sindoor as the age of 'new technology' where the people have not crossed the border, but drones are attacking each other. 'In the changing times, India has shown that if terrorists come to our home and commit a crime, we can kill them by going to their home. In any war, wherever it happens, trade will always decrease there. Because both things can't go together,' he added. The 'Madhya Pradesh Business Investment Forum Program' took place in the UAE on Monday. At the commencement of the event, the guests were honoured with flowers and shawls. The program was attended by several dignitaries such as Sahitya Chaturvedi, Secretary General of IBPC Dubai, Consul General Satish Kumar Sivan, and senior bureaucrats. At the beginning of the event, Raghwendra Kumar Singh, Principal Secretary, Department of Industrial Policy and Investment Promotion and Department of Micro, Small and Medium Enterprises, Government of Madhya Pradesh delivered a detailed speech on the various avenues for investments and how the friendly policies of the government make Madhya Pradesh a great hub for it. Principal Secretary Kumar highlighted that there are several areas where investment can take place in Madhya Pradesh. Kumar listed food processing, automobile, electric vehicles, textiles, garments, renewable energy, pharmaceuticals, healthcare, Chemical APIs, logistics, and warehousing. 'All of these sectors have immense potential for investments,' Kumar said. Notably, Yadav is scheduled to travel to Spain after concluding his visit to the UAE. The visit, from July 13 to 19, aims to bring global investment to Madhya Pradesh, encourage technology sharing, and create new job opportunities under the umbrella of 'Global Dialogue 2025.' (ANI)
Zawya
10-07-2025
- Business
- Zawya
Minister H. D. Kumaraswamy champions India-UAE steel collaboration at Dubai symposium
Dubai, United Arab Emirates: A landmark event in the journey of Indo-UAE industrial cooperation unfolded today as the Sectorial Symposium: Steel & Alloy Industry was successfully hosted by the Indian Business and Professional Council (IBPC Dubai) in collaboration with the Consulate General of India, at the opulent Opera Ballroom of Taj Dubai. This exclusive platform brought together business leaders, policymakers, and industry veterans from India and the UAE to discuss strategic cooperation, market expansion, and infrastructural alignment in the steel and alloy sector. The symposium was graced by Shri H. D. Kumaraswamy, Hon'ble Union Minister for Steel and Heavy Industries, Government of India, as the Chief Guest, and H.E. Satish Sivan, Consul General of India to Dubai, as the Guest of Honour. Chairman of IBPC Siddharth Balachandran was also in attendance and hosted the high profile delegation that also included public sector representation from MECON Limited, SAIL (Steel Authority of India), both PSU's having recently opened branches in the UAE, with the ministry endorsing the open conversation between all parties. India, already the second-largest producer of steel globally, is on track to expand its steel trade volume from 150 million tonnes to 300 million tonnes, backed by robust domestic infrastructure development and export ambitions. "India's commitment to become a $5 trillion economy is firmly supported by a ₹11.1 lakh crore infrastructure budget, which not only strengthens domestic consumption but also positions us as a trusted global supplier," said Shri H. D. Kumaraswamy, while addressing the gathering. "Collaborating with strategic partners like the UAE is central to our global growth blueprint. Steel is not just an industry, it's the spine of a modern economy." The Minister emphasized the need to improve export incentives and streamline supply chain processes to unlock India's full export potential to the Gulf. The UAE, as the largest steel importer in the GCC with over 10 million tonnes in 2024, presents a dynamic market for Indian producers. With massive demand driven by smart city projects, energy infrastructure, and real estate, the region offers mutual growth opportunities. "Steel trade is not merely transactional, it is transformational," stated H.E. Satish Sivan, Consul General of India. "With initiatives like the Virtual Trade Corridor, which integrates JNPT (India) and Jebel Ali (UAE), and seamless customs processes, we are actively reengineering the logistics ecosystem for faster and more transparent trade." He noted that DP World is playing a pivotal role in enabling this vision through digitized, integrated platforms and smarter logistics pathways. Industry leaders from Tata Steel and other major players highlighted current challenges in cross-border trade, including long lead times, payment flexibility, and export incentive gaps. "Nearly 90% of Tata Steel's portfolio is in long products, aligning well with construction-heavy projects in the Gulf. Yet, without proper export incentives, Indian companies find limited commercial sense in prioritizing exports," observed a Tata Steel spokesperson. The open Q&A session saw members advocating for a dedicated procurement and contract platform to reduce risk, improve payment terms, and ensure operational agility for UAE-based buyers sourcing from India. India is targeting a two-fold increase in steel trade, with the GCC region, particularly the UAE, emerging as a strategic hub. The UAE's infrastructure boom offers a key opportunity for Indian exporters to scale operations and tap into high-growth markets. The upcoming Virtual Trade Corridor promises faster, more transparent customs processes, while the industry continues to call for improved export incentives, streamlined logistics, and a centralized digital trading platform. IBPC Dubai is preparing a whitepaper outlining crucial regulatory and commercial recommendations to bolster this momentum. Dr. Sahitya Chaturvedi, Secretary General of IBPC Dubai, stated, 'Steel is not just a product, it's the backbone of modern economies. Our mission is to transform trade friction into flow, and intent into industrial impact.' As bilateral ties deepen, initiatives like this reflect the shared ambition of India and the UAE to shape a resilient and future-forward industrial alliance.
Zawya
25-05-2025
- Business
- Zawya
IBPC Dubai and Bombay Stock Exchange forge strategic UAE-India capital corridor
Dubai, United Arab Emirates: In a historic convergence of financial leadership and cross-border collaboration, the Indian Business & Professional Council (IBPC Dubai) hosted Mr. Sundararaman Ramamurthy, Managing Director and CEO of Bombay Stock Exchange (BSE), for the inaugural UAE-India Capital Connect Series, signalling a renewed era of economic engagement between the UAE and India. The event drew prominent investors, institutional stakeholders, students, and professionals across sectors for a series of high-level sessions aimed at deepening capital market linkages and unlocking new growth channels between the two economies. 'This was a monumental day of achievement for IBPC Dubai,' stated Mr. Siddharth Balachandran, Chairman, IBPC Dubai. 'With active participation from over 10 community associations, we saw unity in diversity at its finest. As India charts its path toward becoming a USD 30 trillion economy by 2045, forums like these become critical enablers for collaborative progress.' Mr. Ramamurthy's keynote address served as both a retrospective and a forward-looking blueprint for India's capital market evolution from the formation of BSE in 1875 to its transformation into a cutting-edge digital marketplace. 'The paradigm has shifted,' said Mr. Ramamurthy. 'Post-1992 reforms, Indian markets moved from merely facilitating trades to catalysing capital formation, job creation, and trust-building. Today, with over 200 million mutual fund investors and 11,000 foreign portfolio investors, India has become a consumption-driven, resilient economy, poised for global leadership.' He emphasized the robustness of India's financial infrastructure, noting BSE's capacity to handle 1.4 million order messages per second, soon expanding to 2 million, and the platform's technological edge in latency-free trading and high-frequency environments. 'The Indian economy is like a ship capable of navigating turbulent geopolitical waters. Our market diversity and depth offer strong ballast. This is the time for Indian expatriates to not just remit but reinvest back in India through structured channels like the BSE.' His Excellency Satish Sivan, Consul General of India in Dubai, lauded the initiative as a strategic step in bolstering India-UAE economic cooperation, reinforcing the trusted, long-standing partnership between the two nations. Multiple sessions throughout the day offered tailored insights—from institutional investors to students and retail investors. Each session underscored the growing necessity of financial literacy, transparent capital access, and a shared vision for bilateral economic advancement. 'Events like these reflect the timeliness and seriousness with which we approach our dual mandate,' added Mr. Balachandran. 'We must support India-UAE trade ambitions while staying deeply rooted to our homeland's growth story.' With India recently overtaking major global economies to become the world's fifth largest, and UAE emerging as a capital gateway, the UAE-India Capital Connect Series is a testament to IBPC Dubai's commitment to strengthening people-to-market pipelines that drive real economic impact. The BSE CEO also highlighted significant opportunities in India's underrepresented SME sector, with only 1,000 of 60 million small and medium enterprises listed, and encouraged UAE investors to explore curated financial instruments, including newly launched indices tailored to mutual funds and insurance sectors. The evening's proceedings were kickstarted with speeches by Dr. Sahitya Chaturvedi, Secretary General of the IBPC, Mr. Skandan Mahalingam, Governor, IBPC Dubai and the evening closed with a Q&A session and a vote of thanks by Mr. Sunil Sinha, Vice Chairman, IBPC Dubai. For media inquiries, please contact: Nandini Vohra at nandini@
Zawya
29-04-2025
- Business
- Zawya
IBPC Dubai Annual Conclave 2025 highlights strengthened ties and shared vision between India and the UAE
Dubai, United Arab Emirates: In an evening of reflection and renewed purpose, the Indian Business & Professional Council (IBPC Dubai) hosted its much anticipated 22nd Annual Conclave at the Taj Exotica, Dubai this past weekend. The event welcomed over 350 members, business leaders, diplomats, and dignitaries, including the gracious presence of the former President of India, HE Shri Ram Nath Kovind, and Consul General of India to Dubai, H.E. Satish Sivan. The conclave served as a powerful platform to highlight the growing Indo-UAE strategic partnership and IBPC Dubai's pivotal role in advancing bilateral relations, fostering innovation, and enabling impactful collaborations. The evening unfolded with a powerful cultural performance, 'Miracle on Wheels: A Story of Strength and Spirit,' featuring artists of determination under the guidance of founder Syed Sallauddin Pasha whose moving display of resilience and creativity set the tone for a night dedicated to progress and partnership. Renowned chartered accountant and IBPC Dubai Secretary General Dr. Sahitya Chaturvedi, in his annual presentation, noted, 'IBPC Dubai has conducted over 51 programs in the past year. We are not just growing—we are evolving,' as he highlighted the council's inclusive engagement, including the recognition of Life Members and senior legends, interactive platforms for women, and the active participation of youth in IBPC initiatives. This comes amid a dynamic shift in IBPC's membership strategy, now reimagined to be more inclusive of women, youth, and emerging professionals, as the Council broadens its reach and deepens engagement with a wider audience. IBPC Dubai Chairman Siddharth Balachandran emphasized the enduring friendship between India and the UAE, rooted in 'strong ideas and stronger execution.' He added, 'IBPC Dubai is here to aspire and ascend. We are all cogs in the wheel driving toward one common destination—excellence.' He was followed by HE Satish Kumar Sivan, Consul General of India, who confirmed that bilateral trade has surged past $100 billion in 2025, a remarkable rise from $84 billion in March 2024, across sectors including technology, education, healthcare, and innovation. He also paid tribute to IBPC member Dr. Ram Buxani, a pioneering figure in the Indian diaspora, who passed away last year. Introducing the evening's keynote speaker, IBPC Dubai Vice Chairman Sunil Sinha paid tribute to HE Shri Ram Nath Kovind, Former President of India, describing him as 'a leader who embodies dignity and humility—his life a quiet testament to perseverance, to choosing values over visibility, and to the belief that public service is the noblest calling. He brought grace to the highest office and remains a true inspiration to us at IBPC Dubai, reminding us that real leadership builds bridges across nations.' Taking the stage to sustained applause, Former President Kovind delivered a moving address that echoed these sentiments. Reflecting on leadership, legacy, and the power of service, he spoke passionately about the role of elders in shaping society. 'Senior citizens bring wisdom, maturity, and compassion,' he said. 'Their stories are India's stories. I salute individuals like Mr. Vasu Shroff, whose life journey embodies global recognition and quiet perseverance.' President Kovind also highlighted the rapidly strengthening relationship between India and the UAE, recalling the landmark 2015 visit of Prime Minister Narendra Modi, and the recent diplomatic milestones achieved during the Crown Prince of Dubai's visit to India. 'We are witnessing a system of evolution,' he observed. 'India and the UAE are partners not only in trade but in vision.' Underscoring the economic momentum, he noted that as India rises to become the world's third-largest economy and its startup ecosystem ranks third globally, the UAE continues to be one of India's most significant investors. The shift towards bilateral trade in local currencies (INR and AED), he said, is a clear signal of deepening strategic ties. In a moment of quiet pride, he acknowledged the 16 Pravasi Bharatiya Samman Awardees in the UAE—the highest honour conferred on overseas Indians—as symbols of the diaspora's profound contributions. He also spoke of the spiritual harmony embodied by the BAPS Hindu Temple, standing alongside a mosque and a church, as a beacon of interfaith tolerance and unity. The night concluded with a vote of thanks delivered by IBPC Dubai Governor Skandan Mahalingam and an invigorating call to action: 'IBPC is not just a council—it is a movement. A movement that reflects the vision of a Viksit Bharat and the inclusive future we're building together.' A special note of appreciation was extended to key IBPC members including Eugene Mayne, Founder and CEO Of Tristar Group, Dr. K. P. Hussain, Chairman and Managing Director of Fathima Healthcare Group, and Mr. Ankur Gupta, Head - Corporate Affairs & Growth, Tata Sons MENA, for their continued partnership and unwavering support in advancing IBPC Dubai's mission.
Gulf Today
08-04-2025
- Business
- Gulf Today
Sheikh Hamdan's visit to India reflects depth of exceptional relations: IBPC
Siddharth Balachandran, Chairman of the Indian Business and Professional Council (IBPC Dubai), said that the visit of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Executive Council of Dubai, to India is a true embodiment of the exceptional relations between the two nations. "It reflects the leadership's shared commitment to continuously enhancing bilateral relations in pursuit of a future vision rooted in integration and openness," he added. In statements to the Emirates News Agency, Balachandran noted that the historical and close ties between the UAE and India have seen remarkable progress, setting a global example of constructive cooperation. This advancement not only serves the interests of both nations but also generates broader positive impacts for the region and the world at large. He indicated that the shared values between the two friendly countries form a solid foundation for sustained engagement, values that have been significantly strengthened over the past two decades. "This mutual understanding is reflected in the deep respect between Emirati citizens and the Indian expatriate community. The result is a unique synergy, combining the hospitality of the host nation with the commitment and diligence of the Indian community, creating a dynamic and productive economic ecosystem,' he noted. Balachandran also highlighted that strengthening bilateral ties has laid the groundwork for deeper levels of future partnership. He pointed to landmark initiatives such as the Comprehensive Economic Partnership Agreement (CEPA) and government-led forums like I2U2 as examples of the joint ambition to elevate cooperation to new heights. WAM
