‘Immense potential for investments’; Indian Embassy in Kuwait kicks off ‘Unleashing Synergies’ Conference

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KUWAIT CITY, May 8: Embassy of India, Kuwait, in association with Indian Business & Professional Council (IBPC), with the support of Kuwait Chamber of Commerce and Industry (KCCI) and Union of Investment Companies (UIC), Kuwait organized an Investment Conference on May 8 (Monday) at the Al Murqab Ballroom of Hotel Four Seasons, Kuwait City. Delegates from Department for Promotion of Industry and Internal Trade, Invest India, National Investment and Infrastructure Fund (NIIF) and Confederation of Indian Industry (CII) comprising of high-ranking officials participated in the Investment conference.

HE Ambassador of India to Kuwait, Dr. Adarsh Swaika spoke about the immense potential for investments from Kuwait to India building upon the traditional friendship and strong people to people contacts. He underscored the need to explore the synergies of greater trade diversification and investment cooperation between the fastest growing major economy of the world and the country with Vision 2035. HE Mohammad Aneizi, Undersecretary of Ministry of Commerce and Industry represented Minister of Commerce & Industry Muhammad Othman Muhammad Al-Aiban, as the Chief Guest and gave the key note address for the Investment conference. HE Ghanem Al-Ghenaiman, Managing Director, Kuwait Investment Authority, Saleh Saleh Al-Selmi, Chairman, Union of Investment Companies (UIC) and Diraar Al Ghanem, Board Member, Kuwait Chamber of Commerce & Industry (KCCI) addressed the gathering. All the Kuwaiti speakers appreciated the opportunities that the Indian growth story offers for greater potential trade and investments from Kuwait.

MD, KIA specifically mentioned the close partnership which KIA has with Indian entities and re-emphasized the continued interest of KIA to further strengthen its relationship with India. Padmanabh Sinha, Executive Director & CIO, NIIF, gave a presentation on potential investment cooperation with National Investment and Infrastructure Fund of India. Ms Aastha Tyagi, Vice-President, Invest India gave an elaborate presentation on the Indian growth story with statistics and analysis of opportunities for FDI investments in India.

Dari Al Bader, CEO, Asiya Investments, shared his positive investment experience in the hospitality sector in India and James Minato, General Manager of Kirby Building Systems, an Alghanim Industries company, presented a detailed overview of Kirby’s manufacturing plants in India.

The inaugural session was followed by a panel discussion between eminent speakers from the Indian side as well as the Kuwaiti side on unlocking the full potential of India – Kuwait Investment opportunities. This high-visibility event was wellattended by around 200 eminent people from all major business houses of Kuwait, investment companies, senior government officials, media as well as members of Indian business and professional community.

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