The esteemed Vibrant Gujarat Global Summit in India saw the presence of Sheikh Mohammed, the President of the United Arab Emirates, on Wednesday. The event served as a significant platform for international business, and Sheikh Mohammed's attendance showcased the UAE's commitment to fostering collaboration and promoting economic growth and development alongside other participants. His articulation of solidarity with fellow attendees only added to the event's vibrancy and significance.
The Vibrant Gujarat Global Summit holds significant prominence as an international platform dedicated to facilitating the exchange of knowledge in economic expansion and investment. His Excellency Sheikh Mohammed, the President of the United Arab Emirates, emphasized the firm belief held by the UAE in the efficacy of nurturing economic growth via the establishment of collaborative networks and addressing global issues through international cooperation. This approach, he asserted, contributes to the attainment of stability and prosperity for all.
Sheikh Mohammed expressed his satisfaction at participating in this summit alongside counterparts from India and various nations across the globe. This collective effort aims to explore new pathways to prosperity and advancement, ultimately benefiting our respective populations and nations. By fostering collaboration and sharing innovative ideas, we strive to create a brighter future for all involved.
During the Vibrant Gujarat Global Summit, a significant meeting occurred between the President of the United Arab Emirates and the Indian Prime Minister, Narendra Modi. This meeting resulted in the signing of several crucial agreements spanning multiple sectors, including renewable energy, food processing, and healthcare. These agreements signify a deepening of bilateral relations and a commitment to mutual collaboration in areas of common interest. The UAE and India are poised to enhance cooperation and contribute to the progress and well-being of both nations.
These agreements will bolster the strategic and economic ties between the United Arab Emirates (UAE) and India. The Minister of Investments of the UAE, Mohammed Al Suwaidi, and the Minister of External Affairs of India, Subrahmanyam Jaishankar, have signed agreements pertaining to investment collaboration encompassing renewable energy, pioneering healthcare initiatives, and food processing.
Due to being the second-most populous country globally, India is under considerable pressure to reduce carbon emissions and allocate resources towards clean energy. India is actively endeavouring to pursue a development path that is low in carbon, decreases dependence on fossil fuels, and substantially mitigates greenhouse gas emissions.
As per the estimation of the Indian government, the food processing industry in India has experienced an average annual growth rate of 8.3% over the previous five years, with its value projected to reach $535 billion by the year 2025. The United Arab Emirates has announced a substantial investment of $2 billion toward the development of all-inclusive food parks in India, thereby fostering enhanced collaboration between the two nations in the food processing sector.
Moreover, DP World, a logistics company based in Dubai, has entered into a formal agreement with the Gujarat state government to establish mutually beneficial green and sustainable ports. This partnership aims to leverage advanced agricultural technology, clean technology, and renewable energy solutions, signifying the substantial level of cooperation between the United Arab Emirates and India.
Through his participation in the Vibrant Gujarat Global Summit, UAE President Sheikh Mohammed has exemplified the UAE's commitment to promoting collaboration for economic advancement and progress on a global scale. He successfully engaged in a range of significant negotiations with Indian dignitaries, thereby strengthening the strategic and economic partnership between both nations. It is noteworthy that this summit serves not only as a business forum, but also as an international platform dedicated to achieving stability and prosperity.