Embassy of India in association with Indian Business & Professional Council (IBPC), with the support of Kuwait Chamber of Commerce and Industry (KCCI) and Union of Investment Companies (UIC), Kuwait organized an Investment Conference on 8 May at the Al Murqab Ballroom of Hotel Four Seasons, Kuwait City.
Delegates from Department for Promotion of Industry and Internal Trade, Invest India, National Investment and Infratsructure Fund (NIIF) and Confederation of Indian Industry (CII) comprising of high-ranking officials participated in the Investment conference.
Ambassador of India, H.E Dr. Adarsh Swaika highlighted the significant opportunities for investment from Kuwait into India, which could further strengthen the already existing cordial relations and strong connections between the two countries. He emphasized the importance of exploring the potential for trade diversification and investment cooperation between the fastest-growing major economy and the country that aims to achieve its Vision 2035 goals.
Followed by, H.E. Mr. Mohammad Aneizi, Under Secretary of Ministry of Commerce and Industry represented Minister of Commerce & Industry Muhammad Othman Muhammad Al-Aiban, as the Chief Guest and gave the key note address for the Investment conference.
H. E. Mr Ghanem Al-Ghenaiman, Managing Director, Kuwait Investment Authority, Mr. Saleh Saleh Al-Selmi, Chairman, Union of Investment Companies (UIC) and Mr Diraar AlGhanem, Board Member, Kuwait Chamber of Commerce & Industry (KCCI) also addressed the gathering.
The Kuwaiti speakers expressed their admiration for the potential trade and investment opportunities offered by India’s growth story. The Managing Director of KIA specifically highlighted the close partnership between KIA and Indian entities and reaffirmed KIA’s ongoing commitment to strengthen its relationship with India.
Mr. Padmanabh Sinha, Executive Director & CIO, NIIF, gave a presentation on potential investment cooperation with National Investment and Infrastructure Fund of India. Ms Aastha Tyagi, Vice-President, Invest India also gave an elaborate presentation on the Indian growth story with statistics and analysis of opportunities for FDI investments in India.
The seminar also saw sharing of very positive Investment experience in India by Mr. Dari Al Bader, CEO, Asiya Investments in hospitality sector in India and Mr. Abdul Lateef Al Sharikh, Head of Corporate Communications, Alghanim Industries as part of their Kirby
industries manufacturing plants in India.
The inaugural session was followed by a panel discussion between eminent speakers from the Indian side as well as the Kuwaiti side on unlocking the full potential of India–Kuwait Investment opportunities.
This high-visibility event was well-attended by around 200 eminent people from all major business houses of Kuwait, investment companies, senior government officials, media as well as members of Indian business and professional community.