UAE imports many products from India. UAE exports petroleum and petroleum products to India. So the relationship is very strong. Talking about UAE-India trade, Yousafali said that UAE is investing a lot in India.
The relationship between India and UAE is getting warmer. Muhammad bin Zayed Al Nahyan’s three visits to India and Prime Minister Narendra Modi’s visit to the UAE strengthened the personal relationship between the two leaders, as well as bilateral trade and investment. India has become a rising power and one of the strongest economies in the world under the dynamic leadership of Prime Minister Narendra Modi. He also assessed that the UAE under the visionary leadership of Sheikh Mohammed bin Zayed Al Nahyan is considered one of the most developed countries in the world.
He pointed out that the UAE and India share a common emphasis on peace, stability and economic progress. Diaspora Indians are an integral part of the growth and development of the UAE’s economy and society. More than 35.4 lakh Indians work and live here with utmost dignity and respect.
Abu Dhabi is a safe place to work and live and an incubator for talent, innovators and entrepreneurs and India and the UAE will move forward with greater cooperation, said the head of the Abu Dhabi-based multinational company.
Lulu Group’s annual turnover is approximately eight billion US dollars. From hypermarket operations to shopping mall development, goods manufacturing, trading, food processing plants, wholesale distribution, hospitality centers and real estate development, Lulu has also been active in the field. Operations in 23 countries.
In India, Lulu has five large malls in Kochi, Thiruvananthapuram, Thrissur, Bengaluru and Lucknow. Chief Minister Mamata Banerjee had announced last month that Lulu will invest in various sectors including fish and meat processing centers in West Bengal. Mamata met Lulu Group Executive Director MA Ashraf Ali along with senior officials of the state government in Dubai. Lulu has started efforts to procure fruits and vegetables for Lulu supermarkets from West Bengal and set up food processing centers. Lulu Group plans to invest Rs 10,000 crore and employ 50,000 people in India over the next three years.
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