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The Embassy - Press Releases - Logistics Area of Cooperation
Press Releases

Logistics Area of Cooperation

New Delhi | April 23, 2019

H.E. Dr. Ahmed AlBanna, UAE Ambassador to India along with Mr. Ahmed AlFalahi, UAE Commercial Attaché to India  met with H.E. N. Sivshailam, Special Secretary (Logistics), Indian Ministry of Commerce and Industry at the Udyog Bhawan, New Delhi. To further discuss scope of cooperation in the logistics sector between the two countries. The meeting was a follow-up to the bilateral meeting on the sidelines of the 25th Partnership Summit held on 12-13 January, 2019 in Mumbai between the Commerce & Industry Minister, Government of India and H.E. Eng. Sultan AlMansoori, UAE Minister of Economy and Chairman of GCAA Board.

H.E. Dr. AlBanna informed Mr. Sivshailam that UAE is keen on investing in the logistics sector of India for the mutual benefit of both the countries as it has a large knowledge and expertise in this sector which would be beneficial for all. UAE ministers have made this suggestion on more than one occasion while meeting with H.E. Suresh Prabhu, Indian Minister of Commerce & Industry and Civil Aviation. The latest was during his meeting with H.E. Mariam Al Mehairi, UAE Minister of State for Food Security.

Currently there are 3 UAE logistics companies operating in India Emaar, DP World and Hind Terminals and there are many more UAE companies on board who would like to invest in India. They are awaiting the green signals from the government of both the countries.

Big investments from UAE have always faced difficulties in India examples of which are Etisalat, Emaar, Taqa and DP World. This is an issue which needs to addressed to avoid future discomfort between the two nations.

H.E. Dr. AlBanna, suggested to Mr. Sivshailam that a committee similar to the Fast Track Committee between India and UAE comprising of secretary of DIPP and H.E. Dr. Ahmed Albanna needs to be created to address the need of the hour in the logistics sector. UAE Ministry of Economy, Ministry Environment and Climate Change and Ministry of Food Security are linked with the implementation of logistics projects in India and that it with will mainly presided over by the Minister of State for Food Security. Keeping in mind the ‘Food Security Agenda’ UAE will be sharing the key points based on which the Indian side will inform which Food Parks or Economic Zone or states will be most beneficial for investments in this sector.

Among other things discussed were the suggestion from Mr. Sivshailam inviting investment in the Shipping Development Fund to which H.E. Dr. Albanna replied that DP World and Abu Dhabi Port development Authority might be interested in the offer and he also mentioned that Abu Dhabi Investment Authority (ADIA) has pledged to invest USD 75 Billion in India for infrastructure development projects which includes shipping development. H.E. Dr. AlBanna also mentioned the ‘Air Service Agreement’ between the two countries needs to be revised as it was last signed in 2007 and that he is looking forward to meeting with the authorities of the civil aviation to discuss the same.

 
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Embassy of the United Arab Emirates
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