Embassy of India in association with Indian Business and Professional Council (IBPC), and with the support of Kuwait Chamber of Commerce and Industry (KCCI) and Union of Investment Companies (UIC), organized an investment conference on 8 May at the Hotel Four Seasons, Kuwait City.
High ranking officials from the Department for Promotion of Industry and Internal Trade, Invest India, National Investment and Infrastructure Fund (NIIF) and Confederation of Indian Industry (CII) participated in the Investment conference.
In a speech delivered on the occasion, Ambassador of India, H.E. Dr. Adarsh Swaika highlighted the significant opportunities for investment from Kuwait into India, which, he said, 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 India, the fastest-growing major global economy and Kuwait, the country that aims to achieve its Vision 2035 goals.
Under Secretary of the Ministry of Commerce and Industry in Kuwait, Mohammad Aneizi, representing the Minister of Commerce and Industry, Muhammad Othman Muhammad Al-Aiban, as the Chief Guest, gave the keynote address at the Investment conference.
Also addressing the gathering were the Managing Director, Kuwait Investment Authority, Ghanem Al-Ghenaiman, Chairman, Union of Investment Companies (UIC) Saleh Saleh Al-Selmi, and Board Member of Kuwait Chamber of Commerce and Industry (KCCI), Diraar AlGhanem.
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.
For their part, Executive Director and CIO of NIIF, Padmanabh Sinha, gave a presentation on potential investment cooperation with NIIF, while the Vice-President of Invest India, Aastha Tyagi, gave an elaborate presentation on the Indian growth story with statistics and analysis of opportunities for FDI investments in India.
The seminar also saw the sharing of very positive investment experiences in India by the CEO of Asiya Investments, Dari Al Bader, in the Indian hospitality sector, and Head of Corporate Communications, Alghanim Industries, Abdul Lateef Al Sharikh, on 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 the Indian business and professional community.
