Friday, October 22, 2021

HSBC Signs MoU For Corporate Sponsorship Of India Pavilion At Expo 2020 Dubai

HSBC, one of the world’s largest banking and financial services organizations, announced its partnership as a corporate sponsor for the India Pavilion at Expo 2020 Dubai.

The MoU signing ceremony, held at The Indian Consulate in Dubai, was attended by Dr Aman Puri, Consul General of India, Dubai & Dy. Commissioner General for India at Expo 2020 Dubai, Mr Abdulfattah Sharaf, CEO, HSBC UAE & Head of International Markets, Mr Dilip Chenoy, Secretary General, FICCI and Mr Sai Narain CDK, Head of International Markets and Customer Channels, Wealth & Personal Banking, EMEA, HSBC.

The magnificent India Pavilion will be inaugurated by Shri Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Government of India on 1st October 2021 which will be followed by a cultural programme. 

Commenting on the MoU, Dr Aman Puri, Consul General of India, Dubai & Dy. Commissioner General for India at Expo 2020 Dubai, said, “We are delighted that HSBC will be partnering with India Pavilion to support various thought leadership events, business seminars and celebrations of Indian festivals. Given HSBC’s strong presence in UAE and India, I am confident that HSBC can be a strong partner for business organizations operating in this corridor and support Indian start-ups to navigate their UAE journey.”

The India Pavilion at Expo 2020 Dubai is one of the biggest platforms, that offers a golden opportunity to showcase India to the world and project the country as the next hub for growth and innovation. 

India’s participation in Expo 2020 Dubai will primarily focus on presenting unlimited opportunities for the global community to participate in the country’s growth story, and benefit from it. It will showcase a modern, robust India, high on technology while simultaneously exhibiting the beauty of Indian art, culture, and cuisine during the event that will run for 183 days till 31 March 2022.

Speaking at the MoU signing ceremony, Mr Abdulfattah Sharaf, CEO, HSBC UAE & International Markets said, “HSBC has been supporting economic ties between India and the UAE since we opened the first bank in the emirates 75 years ago. Our sponsorship of the India Pavilion at Expo2020, in the same year that we celebrate our 75th anniversary and the UAE marks its own Golden Jubilee, demonstrates the enduring strength of our long-standing relationships in both countries and our commitment to ensuring that we use our unique global network to open up a world of opportunity for our customers.”

The India Pavilion, which is one of the largest pavilions at the Expo 2020 Dubai will feature an innovative kinetic façade made up of 600 individual colourful blocks. It is developed as a mosaic of rotating panels that will depict different themes as they rotate on their axis. It represents the theme of ‘India on the move’ and is a unique amalgam of the rich heritage and technological advances of the nation 

The India Pavilion will also be hosting and co-creating leadership discussions, international trade conferences, and seminars to explore opportunities to partner with other participating nations. 

HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa, and Turkey (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Turkey, and the United Arab Emirates. In Saudi Arabia, HSBC is a 31 per cent shareholder of Saudi British Bank (SABB), and a 51 per cent shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$68.9bn as of 31 December 2020.

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