India's Assocham launches GCC Chapter in Dubai

Assocham (Associated Chamber of Commerce and Industry of India), also known as India’s Knowledge Chamber, has launched the Assocham GCC Chapter in Dubai.

The chapter says it endeavours to further strengthen commerce relations between India and the GCC countries. Growing India-GCC economic and commercial relations have the potential to contribute to the stability and strength of a rapidly diversifying and deepening bilateral relationship between the two countries.

“India-GCC relations are extraordinary and unique. The GCC region is home to one of the largest Indian communities outside of India and is amongst the largest trading partners and a major source of FDI. However, the full potential of the relationship is yet to be fully realised,” said Rana Kapoor, President, Assocham and Founder & CEO, Yes Bank.

He added that Assocham was proud to launch its new GCC Chapter in order to strengthen India’s footprint, promote trade and investment and position India as the No. 1 preferred investment destination for GCC nations.

The primary aim of the Assocham GCC Chapter is to develop vibrant economic, social and cultural bonds between India and the GCC nations. The Chapter has been mandated to extend a conducive and enabling platform to Indian and GCC business communities to engage and explore investment opportunities in each other’s regions.

In an attempt to take forward the Indian government’s vision of ‘Make in India’, the chamber is expanding globally through international offices in UAE as well as other partner countries to invite multinational businesses to be a part of India’s economic transformation.

Assocham is present in 14 key international geographies including China, Russia, UK, Japan and the US. It has also signed MoUs to set up partnerships with business chambers in more than 75 countries.

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