Gujarat seeks investment from Dubai Investments

Dubai: A high-level delegation from western Indian state of Gujarat has invited Dubai Investments, the largest investor firm listed on the financial market here, to tap the vast opportunities that the state offers.

At a meeting, chaired by Dubai Investments Managing Director and CEO Khalid Bin Kalban, the delegation made presentations on investment possibilities in Gujarat, highlighting its position as a leader in infrastructure development in the country.

The meeting was a part of the delegation's aim to invite prospective investors to the biennial investment showcase in Gujarat, the Vibrant Gujarat 2013 Summit. Gujarat Industries Commissioner Kamal Dayani said, "The last summit attracted more than 100 different countries to visit Gujarat and discuss new cross-border investment opportunities or ways to expand their existing operations."

"We invite Dubai Investments to come to Gujarat and see for themselves the development and opportunities for investments it has to offer," he added. The delegation from Gujarat included Gujarat State Petronet Private Special Commissioner Investment, Promotion and Special Director, A K Vijay Kumar, Atul Ltd General Manager — Business Development Ajitsingh M Batra, Larsen & Toubro Vice President and Head -Hydrocarbon Construction and Pipelines International (Middle East Cluster I) Deep Raj Saxena and CII Executive Vaibhav Pawar.

Kalban said, "Dubai Investments is constantly looking to leverage the opportunities in emerging markets around the world. The UAE shares an important trade and investment synergy with the Indian subcontinent.

"Understandably, our meeting with the visiting officials of the Gujarat government has opened up a broad portfolio of prospects that can be capitalised by our investment machinery."

Kalban added that Gujarat boasts a progressive and commercially viable development infrastructure, with capacity to meet the expectations of foreign investors.

"Moreover, the state has recorded an impressive growth trajectory, which adds to its credibility as a worthwhile investment destination. We look forward to furthering our conversation with the Government of Gujarat, to achieve a rewarding level of partnership in diverse sectors," he added.

Dubai Investments PJSC has been at the forefront of identifying and implementing profitable businesses in emerging markets around the world, and has an investment portfolio comprising of interests in diverse industries, including real estate, pharmaceuticals, banking and finance, as well as heavy and light manufacturing industries.