India today sought investments from the United Arab Emirates, particularly in the tourism sector. In a bilateral meeting between Commerce and Industry Minister Anand Sharma and UAE Foreign Trade Minister Sheikha Lubna Bint Al Qasimi in New Delhi , both sides felt that tourism sector especially medical tourism has huge potential for future growth. He said that since the UAE is focusing on knowledge-based industries and with India emerging as world leaders in space, agriculture, pharmaceuticals and bio-technology, there is considerable scope for co-operation in technology transfer, research and development and for joint-venture. The two-way commerce between India and the United Arab Emirates stood at 43.46 billion dollars in 2009-10.The top five exportable items from India to the UAE are gems & jewellery, petroleum products, basmati rice, machinery and metals. While imports include petroleum, gold, pearls, precious and semi-precious stones and Ores.
News On AIR | February 11, 2011 11:43 AM
India seeks investments from UAE in tourism sector