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.

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