Expo 2020 Dubai: India Pavilion Raises $2 Bn Investment Deals During Maharashtra Week
The deals were signed with countries Japan, Singapore, Sweden, Korea, Germany and Italy. Entities like the Africa-India Economic Foundation for bilateral trade and cooperation.
The UAE’s Golden Jubilee celebrations at Expo 2020 Dubai proved to be a boon for India, with Maharashtra Week at the India Pavilion resulting in the signing of USD 2 billion worth of investment deals.
Over 25 Memorandums of Understanding (MoU) were signed with international firms, in sectors including auto, auto components, logistics, electric vehicles, textiles, data centres, pharma, biofuels, and energy.
As per the official statement, the deals were signed with countries Japan, Singapore, Sweden, Korea, Germany and Italy. Entities like the Africa-India Economic Foundation for bilateral trade and cooperation.
Meanwhile, almost 100,00 people visited the India Pavilion during Maharashtra week, during which the state showcased its trillion-dollar economic vision and the attractiveness of its businesses, along with the state’s cultural heritage.
To commemorate the UAE’s Golden Jubilee and celebrate the strong bond between the two nations, many cultural shows were presented by the Maharashtra artists.
Aslam Sheikh, Maharashtra Fisheries and Textiles Minister congratulated the UAE on its 50th National Day said, “The UAE government has created history by setting up this Expo for the countries of the world. It’s a privilege to represent Maharashtra at such a great platform.”
"We are proud of each Indian who has contributed to the growth of the two nations. The state of Maharashtra appreciates the dedication and hard work that you all have put in strengthening the global position of both India and the UAE," he added.
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