India-Middle East-Europe Economic Corridor

The India-Middle East-Europe Economic Corridor will boost economic growth: FICCI President Subhrakant Panda

Back To Homepage Subscribe To RSS Feed

Breaking News

Deputy CM Ensures Land ROR Distribution for Bondas, Reviews Bonda Ghati Progress Iswar Addanki Malkangiri,Odisha,21.12.2024 -Deputy Chief Minister Smt. Parvathi Parida reviewed the distribution of land and common forest titles under the Vasundhara Yojana in Bonda areas like Mudulipada, Baddural, Andrahal, and...
Emerging Climate Leaders Share Insights from COP29 By Our Staff Reporter Bhubaneswar, Dec 20: A dissemination meeting was organized today by Youth4Water Plus, with support from UNICEF Odisha, to share key takeaways and experiences from the...
108-foot monumental National Flag unveiled at Rama Devi Women’s University, President Droupadi Murmu’s alma mater By Manoj Jena Bhubaneswar, Dec. 18: A 108-foot monumental national flag, installed by the Flag Foundation of India, was unveiled on Wednesday at Rama Devi Women’s University in Bhubaneswar, Odisha....
IMFA Joins Hands with JSW Green Energy for Renewable Power Supply By Swagatika Bhutia Bhubaneswar, Dec. 18: Indian Metals & Ferro Alloys Ltd (IMFA), a leader in ferrochrome production, has entered a joint venture with JSW Green Energy to secure renewable...
India’s first cyclone-resistant 220kv transmission line commissioned in Odisha By Payal Banarjee Bhubaneswar, Dec. 17: Empowertrans, a Bhubaneswar-based electrical engineering firm, has successfully commissioned India’s first cyclone-resistant 220kV double-circuit (D/C) transmission line in coastal Odisha. The announcement was made...

The India-Middle East-Europe Economic Corridor will boost economic growth: FICCI President Subhrakant Panda

September 11

19:22 2023

Print This Article Share it With Friends

by indadmin

By A K Sahoo

Bhubaneswar, Sept. 11: “The India-Middle East-Europe Economic Corridor announced during the G20 Summit will be instrumental in stimulating economic growth, creating jobs, and reducing greenhouse gas emissions.

It will be a great opportunity for Indian and Saudi businesses to collaborate and benefit,” said Mr Subhrakant Panda, President of FICCI, while speaking at the India-Saudi Arabia Investment Forum held in New Delhi.

Mr Panda highlighted India’s rapid economic growth, creating opportunities for domestic and foreign investors. He also commended Saudi Arabia for its ongoing efforts to empower its businesses and increase non-oil exports.

“Similarly, Saudi Arabia has set in motion reforms to empower businesses and raise non-oil exports to 50%, besides investing heavily in world-class infrastructure. Trade increased 23% to 52 billion dollars last year and doubled compared to five years ago. FICCI will work with Invest India and other stakeholders to strengthen these relations,” he added.

Mr Piyush Goyal, Union Minister of Commerce, and His Excellency Khalid Al Falih, Industry and Minister of Investment, Kingdom of Saudi Arabia, were present at the Forum and discussed bilateral ties, which have seen trade double in 5 years, as well as cooperation in many areas of mutual interest.

The Forum was organised by FICCI in association with the Department for Promotion of Industry and Internal Trade (DPIIT), the Government of India, and the Ministry of Investment of the Kingdom of Saudi Arabia.