Fri, Dec 9, 2016 | updated 06:56 PM IST

ADGM meeting key business leaders, senior advisors in India for cross-border opportunities

Updated: Nov 08, 2016 14:42 IST

New Delhi [India], Nov 8 (ANI-BusinessWireIndia): Abu Dhabi Global Market (ADGM), the new international financial centre in Abu Dhabi, is pleased to continue its close engagement with the leading business community and decision-makers in a 10-days business trip to India covering cities including New Delhi, Mumbai, Hyderabad, Kochi, Trivandrum.

Together with the Confederation of Indian Industries (CII) and the Institute of Chartered Accountants of India (ICAI), the Registration Authority of ADGM will be hosting a series of events and meetings with business leaders and decision makers, a wide spectrum of industries and sectors, to share insights of the investment opportunities in the UAE and Abu Dhabi and explore possible cross-border efforts that will facilitate business developments in both markets respectively. The diverse representation of industries and sectors reinforces ADGM's offering and value proposition as a conductive business environment and IFC for all commercial and financial sectors.

The ADGM Registration Authority team will be led by Martin Tidestrom and his team. In addition to discussing the business collaborations, the ADGM team will provide more information and understanding of ADGM's business offerings and its international regulatory framework. The team will also look into opportunities to enable in- and outboard investments from the Indian business community into Abu Dhabi and the UAE. This is part of ADGM's ongoing out-reach commitment and efforts to support Abu Dhabi's long-term economic partnership and friendship with India, and bolster the relations ADGM's and India's business communities.

As an international financial centre that is anchored on Abu Dhabi's economic infrastructure and financial strengths, ADGM's commercial and financial offering and framework provides a strategic platform for India companies and investors seeking to extend their investment interests and businesses in the UAE and wider region.

According to the latest report by Ministry of Economy, the UAE is India's first trading partner in the Arab world. The Abu Dhabi non-oil exports to India increased by 17.6 percent from 2010-2015. The UAE accounts for 80 percent of GCC FDI into India. The report showed that GCC firms have emerged as major investors in India in the past few years, adding that UAE-based companies in particular have gained prominence given the growing ties between the emirates and New Delhi. (ANI-BusinessWireIndia)