FTCCI and TSIIC to work with Dubai Chamber of Commerce and Industry to boost bilateral trade

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Dubai, November 11, 2021: The Federation of Telangana Chambers
of Commerce and Industry (FTCCI) team led by Mr.
Bhaskar Reddy met Mr. Omar Khan, Director-International Offices and team in
presence of Mr. E V Narsimha Reddy, Vice Chairman & Managing Director, Telangana
State Industrial Telangana State Industrial Infrastructure Corporation. The
discussion was held on the sidelines of the Expo 2020 Dubai. The objective of
the meeting was to facilitate knowledge sharing and cooperation between the two
chambers. 

Both
the chambers will promote trade in their respective countries, exchange
information on trade  and investment opportunities, organize trade fairs,
business meetings, and training sessions for the mutual benefit of their
members. 

The
event was facilitated by the Federation of Indian Chambers of Commerce &
Industry (FICCI).

Mr.
Omar Khan gave an overview of the chamber and its activities spread across the
globe.  Mr Khan mentioned that the Industries in particular MSEs have been
struggling during pandemic to get market access, business connects and
therefore it is imperative for the chambers to bridge the gap through virtual
connects. He also gave Indan delegates an overview of the Dubai Start up Hub
initiative that provides opportunity for the startup community to connect with
entrepreneurs, stakeholders and make a right pitch.

There
was also a discussion regarding the new emerging technologies and need to
extend support to the existing companies. The chamber will continue to 
explore new opportunities and avenues that will further enhance the B2Bs
between their members. The entrepreneurs and start ups from India shall get
connected to the Dubai Satartup Hub as a follow up.

Mr.
E V Narsimha Reddy highlighted the pro active role of the government in
providing conducive environment for the industries and startup to thrive. He
further added that Telangana is a landlocked state and so there is a demand and
a need to setup dry ports to further facilitate exports. With the enhanced
irrigation, the state is prepared to increase its exports of rice to the GCC
matkets and a Multimodal Logistics Park will ramp up the targets. The state is
in talk with the DP World for the same. 

India
being the second largest trading partner of UAE, both the chambers can play a
pivotal role on building and sustaining the growth momentum to achieve greater
heights in the years to come.