External Affairs Minister Sushma Swaraj on Tuesday said that the Prime Minister Narendra Modi-led government was fully committed to bring back the high rates of growth in the country, adding that international interest in the economy has surged since the BJP government came into power.
“Our Government is firmly committed to bring back growth, have clear policies which will facilitate business environment, transparency and speed, well thought out decisions. The result is there before you in just five months: GDP growth is showing early signs of recovery. Interest in the economy has surged, queries for investment increased and the investment sentiment improved,” Swaraj said, while interacting with captains of industry of the United Arab Emirates (UAE) here.
Speaking of the relationship between the two nations, Swaraj said that the UAE is one of India’s largest trading partners, adding that the bilateral trade between New Delhi and Abu Dhabi can be increased further.
“Our ties with UAE have grown on all fronts. The UAE has been one of our largest trading partners for the past several years. Our bilateral economic and commercial engagement is broad-based encompassing a wide range of products and services. However, given the size of our economies and the wide convergence of interests in many areas, the present level of trade and investments can be enhanced even further,” she said.
“We look at the UAE as of our key development partners. An increase in bilateral trade and investment would bring with it mutual benefits to both India and the UAE, and translate into greater opportunity and prosperity for our nations and people. The main purpose of this interaction is to explore ways and means to further deepen our bilateral economic and commercial engagement and to think creatively in order to tap the existing potential,” Swaraj added.
India and the UAE enjoy strong bonds of friendship based on age-old cultural, religious and economic ties between the two nations. Economic and commercial cooperation with the UAE is a key aspect of overall bilateral relationship, with Indians emerging as important investors within the UAE and India as an important export destination for goods manufactured in the UAE . (ANI)