The Indian Business and Professional Council (IBPC) Kuwait joined global leaders at the Indian Chamber of Commerce (ICC) Global Business Summit, held on 18th and 19th September in Mumbai, commemorating ICC’s centennial as India’s oldest chamber, founded in 1925 in Kolkata.
A highlight of the summit was the signing of a Memorandum of Understanding (MoU) between the ICC and IBPC Kuwait. The agreement was formalized by Abhyudaya Jindal, President of ICC and Managing Director of Jindal Stainless, and Kaizar T. Shakir, Hon. Chairman of IBPC along with Suresh K. P., Hon Secretary of IBPC and Sunit Arora, Hon. Joint Secretary of IBPC Kuwait.
The MoU establishes a framework for closer cooperation in trade promotion, investment facilitation, technology exchange, consultancy services, and joint business delegations. It also envisions exhibitions, buyer-seller meets, seminars, and workshops designed to deepen economic and professional ties between India and Kuwait.
The IBPC Kuwait delegation of over 20 members actively engaged with prominent business consortiums and leaders, including Saqer Y. Alrashoud, Chairman of the Cleaning Companies Association Kuwait, and Abdul Rahman Alhouti, Attorney & Managing Partner of Dar Al Muhamma, Kuwait, who also attended the Summit.
Reflecting its vision that India’s future rests with young business leaders, the IBPC Executive Committee met with several next-generation visionaries during the conference. These included Ameya Prabhu, Chairperson of Aarna Holdings; Ms. Adwaita Nair, CEO of Nykaa Fashion; Parth Jindal, Managing Director of JSW Cement & JSW Paints; and Joy Kotak, Co-Head of Kotak 811. All warmly accepted IBPC’s invitation to visit Kuwait for the upcoming industry-specific conferences, a move that highlights Kuwait’s role as a dynamic hub for trade and cultural exchange.
The IBPC Kuwait delegation emphasized the broader significance of the summit, saying, “Following the historic visit of India’s Honorable Prime Minister, Shri Narendra Modi, to Kuwait in December 2024, our nations have forged transformative bilateral agreements that continue to strengthen trade, commerce, cultural exchange, and people-to-people connections.”
Chairman of IBPC Kuwait, went on to say, “This agreement reflects our shared vision to build stronger economic bridges between India and Kuwait. By fostering dialogue and business linkages, we aim to empower entrepreneurs and investors to explore high-growth sectors and create sustainable partnerships.”
Echoing this sentiment, Jindal added, “India and Kuwait share strong economic and cultural bonds. This MoU is a vital step toward deepening our partnership, connecting businesses, and unlocking opportunities in trade, investment, and innovation.”
The ICC’s centenary summit was supported by the Ministry of External Affairs, the Ministry of Commerce, and the state governments of Maharashtra, Gujarat, Rajasthan, Haryana, Bihar, Uttar Pradesh, and Madhya Pradesh.
The active participation of IBPC Kuwait in this historic event reaffirmed its mission to foster partnerships, dialogue, and progress. This role continues to inspire pride among its members, the Indian diaspora, and Kuwaiti business partners alike.
