Indo-Gulf Meet on Investment Opportunities

India and the Gulf Cooperation Council are meeting on May 29 and 30, 2007 to explore bilateral avenues for investment in Mumbai.

This is the 3rd meeting of the India-GCC Industrial Forum.

The Indian delegation will be led by Kamal Nath, Commerce Minister
and his team the Commerce Secretary G.K. Pillai, Industry Secretary
Ajay Dua and T.K.A. Nair, principal secretary to the Prime Minister.

The
GCC is sending 300 delegates from Bahrain, Kuwait, Oman, Qatar,
Saudi Arabia and the United Arab Emirates (UAE).

The delegates are expected
to meet on the sidelines of the event, and sign a number of MOUs
between companies.

The event will focus on investments in India
and the GCC countries in the areas of real estate, oil and gas,
power, petrochemicals and infrastructure.

GCC is a major trading partner
for India, absorbing 3-4% of India’s total exports and accounting for 20% of our imports.