Prime Minister, Modi to visit UAE on 16th and 17th August

Prime Minister, Modi to visit UAE on 16th and 17th August

mangaloretoday.com

Dubai, Aug 12: “UAE is a very important trade partner for India. This strong partnership has a long history. Starting from the 1970s, when the business was worth $180 million, it has today grown to $60 billion, making UAE India’s third largest trading partner for 2014-15 behind China and USA. 16th August, 2015 will be a special day in the history of this partnership as that’s when Indian Prime Minister, Mr. Narendra Modi is planning to visit the UAE.

 

 

This visit has historic significance, since an Indian Prime Minister is visiting the UAE after 34 years. UAE is the second largest export destination of India with exports amounting to $33 billion.

Similarly India is the largest trading partner of the UAE amounting to $28 billion (non-oil trade). UAE, with $ 8 billion worth investments, is the 10th biggest investor in India. Meanwhile over 2.6 million Indians, living in the UAE, send around $ 15 billion as remittances to India. Apart from meeting the Indian Diaspora, Mr. Modi shall have a high level meeting with the rulers of the UAE in Abu Dhabi and Dubai, where bilateral issues, security, trade and investments will be discussed.

On this historic occasion, all Indians in the UAE are eagerly waiting to welcome our Prime Minister. The preparations for the event by the reception committee are in full swing. Prime Minister will be addressing the Indian community in a grand function to be held at Dubai Cricket Stadium, which is expected to be attended by more than 50,000 people. Already over 42,000 people have registered online to attend the event.

Mr. Modi has exhibited strong foresight and great statesmanship in the past one year of leading the world’s largest democracy. We are sure that India is now poised for exponential growth. Hence the energy is high and excitement is contagious. This visit by the dynamic leader is something we NRIs take immense pride in and we are leaving no stone unturned to ensure that it is a grand success.” said, Dr. B.R. Shetty, Head of the Reception Committee formed to welcome PM to the UAE.

 

"This visit is expected to further strengthen the economic and socio-cultural relationships between the two nations" said Y. Sudhir Kumar Shetty, President, UAE Exchange.