Middle East

United Arab Emirates Investors Sign $ 2.76 billion worth of investment with Orissa

Investors in the United Arab Emirates have signed a Memorandum of Understanding (MoU) worth $ 2.76 billion with the Government of Orissa in India. MoU signed with Investor Conference in Dubai With CM Naveen Patnaik of the state on June 29th.

Navine Patnerk He and his delegation met with some of the UAE’s major business groups, including Lulu Group, NBTC Group, Sharaf Group, 24 Holding and Tables Group, ERAM Group, Buckwheat Group, Arab, India Spices LLC and Tabreed.

The announcement is made by the state over the past two years in more than 250 large industries worth a total of $ 50 billion in sectors such as Metals and Metals Downstream, Chemicals and Petrochemicals, Textiles and Apparel, Food Processing, Logistics and Clean Energy. This is done after approving the proposal for the infrastructure project. Year.

The investment proposal includes an investment of 1,500 chlores by Lulu Group International, a multinational retail conglomerate based in the United Arab Emirates, Bhubaneswar, Kathak and Lulucera.

The Investors Meet was held in collaboration with the Federation of Indian Chambers of Commerce and the Embassy of India in the United Arab Emirates. Based in the United Arab Emirates and the Middle East and North Africa (MENA) regions, more than 150 companies from various sectors participated.

this Sanjay Sudheer, Indian Ambassador to the United Arab Emirates, emphasized the importance of the Regional Comprehensive Economic Partnership Agreement (CEPA) signed between UAE and India. This will reduce taxes and promote two-way trade and investment between India and India. UAE accelerating. It was also a platform for presenting the various opportunities Odisha offers to companies in the UAE and MENA regions.

https://gulfbusiness.com/uae-investors-sign-2-76bn-worth-of-investment-with-odisha-india/ United Arab Emirates Investors Sign $ 2.76 billion worth of investment with Orissa

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