The India-UAE-Israel Economic Summit was jointly organised by India and Israel to discuss prospects for collaboration on trilateral initiatives.
The Summit, which took place earlier this week and was attended by over 250 delegates from India, the United Arab Emirates, and Israel, explored methods to maximise trilateral trade and investment opportunities.
Israel Export Institute and Bank Hapoalim, Israel, sponsored the event. According to a statement released today, the event’s industry partners and sponsors were the Bank of Baroda and IBPC Dubai.
Following the general session, three separate panel discussions were held. Harnessing the potential of the healthcare and medical sector; Game Changer- Agritech, Clenatech, Energy, Foodtech, Tourism, Watertech & Smart Cities; and Tech Collaboration Opportunities were the three sectoral panel talks.
The panel included Nikhil Kamath of Zerodha, Nishant and Prashant Pitti of Ease My Trip, and Sujeet Kumar of Udaan, three young Indian unicorns. The Summit’s talks focused on the potential for cooperative projects and mutual benefits in renewable energy, infrastructure, and agri-tech, as well as how to take advantage of prospects in healthcare and medical technology.
The UAE-Israel-India business has sparked a lot of interest among delegates from all nations, especially in light of the Abraham Accords and subsequent efforts. India’s enterprises have been invited to visit Israel to collaborate and develop cooperation in a variety of fields.
The event, according to Dr. Aman Puri, India’s Consul-General in Dubai, “gave a significant impetus to the chances for collaboration in both the public and commercial sectors in the three countries with enormous potential to work together.”
Dr. Puri went on to say that India, Israel, and the UAE complement each other on many levels, particularly in terms of fostering startups and new-age firms. “India is the third-largest start-up ecosystem in the world and there is tremendous scope for benefitting from each other in promoting them. While Israel is a powerhouse of research & development and startups, the UAE is also a major country supporting the startup domain,” he said.
The UAE’s advantages include ease of doing business, availability of capital, and strategic location as a transit and re-export hub. Talking about the importance of collaboration, Dr. Puri said, “Pandemic has made the whole world realize how interdependent the countries are when it comes to dealing with global challenges of this magnitude. We need to turn this crisis into an opportunity to collaborate and make the world order more resilient in handling any crisis.”
Mr. Ilan Sztulman, Consul General of Israel to Dubai, termed the summit a window of opportunities to collaborate and do more business together. “This forum is symbolic as it comes immediately after the signing of the important economic cooperation agreement between Israel, the United States, the United Arab Emirates, and India on shared issues of concern in the region and globally,” he added.
Faizal Kottikollon, Chairman of KEF Holdings, located in the United Arab Emirates, expressed his vision of big initiatives now underway in India in the fields of healthcare and education, in which the three nations may partner for mutual benefit.
Adiv Baruch, Chairman of the Israel Export Institute, Ahmad Sultan Al Haddad, COO, JAFZA, Professor Leonardo Leiderman, Chief Economic Advisor, Bank Hapoalim, Professor of Economics and Business, Tel Aviv University, and Visiting Professor, Abu Dhabi School of Management (ADSM), and Mohammed Al Marzouqi, Director (Mep and Projects and Development), EMAAR were among the other notable speakers at the event.
