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2nd India – Arab Investment Projects Conclave
February 8-9, 2010, New Delhi
The 2nd India – Arab Investment Projects Conclave 2010 was organized by FICCI in association with the Ministry of External Affairs, Government of India, League of Arab States and the General Union of Chambers of Commerce, Industry & Agriculture on February 8-9, 2010 in New Delhi. The Conclave aimed to promote bi-directional flow of investments and to facilitate the process of seeking investable projects across sectors. The Conclave was an ideal platform to promote exports of Indian expertise and technical know-how to Arab countries.

10 Ministers, a high-powered delegation of policy makers and 280 business delegates from 21 countries including UAE, Saudi Arabia, Qatar, Sudan participated in the Conclave. The Conclave was attended by 450 delegates and investment proposals worth over US$ 32 billion were discussed during the two-day Conclave. On the occasion, Mr. Anand Sharma, Union Minister of Commerce and Industry and Dr. Shashi Tharoor, Minister of State for External Affairs released the FICCI- KPMG Knowledge Paper which lists out the opportunities for closer business relations between the two countries.

Mr. Anand Sharma expressed the hope that the two-way trade and investment linkages between India and the Gulf region would strengthen fast to double the bilateral trade turnover to US$ 230 billion by 2014 from the current level of US$ 114 billion. In his keynote address, Dr. Shashi Tharoor pointed out that an early conclusion of the India-GCC Free Trade Agreement would give an enormous boost to the economic engagement between Indian and the Arab world.

West Bengal and Karnataka were the 2 states that participated in the Conclave. Mr. Subrata Biswas, Special Secretary, Department of Commerce and Industries, Government of West Bengal made a detailed presentation highlighting investment opportunities in West Bengal across thrust sectors like petrochemicals & chemicals, engineering, infrastructure and food processing. Principal Secretary, Department of Commerce and Industries, Government of West Bengal, was also present. The forum provided an ideal opportunity for the senior State officials to interact with the delegates from the Arab countries.
 
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