India-UAE business conclave starts today

In a bid to identify potential areas of investment and collaborations between India and the UAE a two-day conclave is being held in Dubai, beginning on Wednesday .  The conclave will focus on areas that may be tapped for growth including defence, energy, security and maritime trade, reported a leading news daily.
The conclave will also discuss geopolitical issues and economic impact of the strong relations between  UAE  and India  in the Asia region said the organisers of the event.

India is one of the top foreign trade partners of the UAE.  In the year 2015-16, India had exported goods worth USD 30 billion to the UAE with heavy machinery, petroleum products, and food and dairy products as the main export commodities. While as many as 4,365 Indian commercial companies are registered with the UAE Ministry of Economy as of 2016, according to the official records. Over 2.8 million Indians live in the UAE.

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