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THE 2nd INDIA-ARAB INVESTMENT PR

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					THE 2nd INDIA-ARAB INVESTMENT PROJECTS CONCLAVE
              THE DELHI DECLARATION



 The 2nd India-Arab Investment Projects Conclave: a step towards
 sustainable partnership was held during 8-9/2/2010 in New Delhi under
 the aegis of the forthcoming India-Arab Co-operation Forum. The event
 took place in partnership with the Ministry of External Affairs, the
 Government of India (MEA-India), the League of Arab States (LAS), the
 Federation of Indian Chambers of Commerce (FICCI) and the General
 Union of Arab Chambers for Trade, Industry and Agriculture
   (GUCCIAC).

 Ministerial and governmental representatives from LAS member states,
 business executives from both the Arab states and India participated in
 the Conclave.

 The conference was inaugurated by H.E. Anand Sharma – Union
 Minister of Commerce and Industry and was addressed by Dr.Shashi
 Tharoor, Minister of State, Ministry of External Affairs, the Government
 of India and H.E. Ahmed Benhelli – Deputy Secretary General LAS. Ten
 Ministers of Trade and the Economy from the United Arab Emirates,
 Sudan, Palestine, Iraq, Djibouti, Qatar, Mauritania, Saudi Arabia, Syria
 and Morocco honored the occasion and addressed the delegates.

 The Conclave was organized mutually by FICCI, MEA-India, LAS and
 GUCCIAC, making it the flagship event to enable the Government of
 India to implement its policy of extending a conducive platform for
 Indian and Arab business entities. The importance of this conference is
 based upon it being the largest event that carries immense potential for
 identifying and allocating numerous opportunities for trade and
 investment for both sides through the support of the Government of India
 and LAS.




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Today, India has emerged as a major economic and global power with
immense potential to mould the future path of global business dynamics.
LAS strongly realizes the necessity of deepening and enhancing its
economic and trade relations with India through allocating feasible
projects in different sectors and seeking expertise and technical know-
how.
Furthermore, the Conclave succeeded in presenting a number of joint
investment projects from both sides and a large number of ministers,
senior officials, ambassadors and businessmen attended this event.
Details of which are as follows:-
1- The participation of 21 Arab member states of LAS.
2- The Sectorial working sessions were composed of 5 topics
       *Infrastructure
       *Energy
       *Manufacturing
       *Education and Health
       *Information Technology (IT) and Telecommunication
3- Business-to-business meetings between Indian and Arab businessmen
   took place.
4- Ministerial meeting between eight Arab Ministers of Trade and the
   Economy and the Indian External Affairs Minister and Minister of
   Commerce and Industry respectively took place.
5- Members states of LAS and its specialized organizations such as the
   Organization of Arab Petroleum Exporting Countries (OAPEC), the
   Arab Information and Communications Technologies Organization
   (AICTO) , the Union of Arab Banks (UAB) , the Arab Investors'
   Union (AIU), Arab Tourism Organization (ATO), the Arab
   Organization for Mining and Industry (AIDMO), the Arab Center for
   the Studies of Arid zones and dry areas (ACSAD) and the General
   Union of Arab Chambers for trade, industry and agriculture
   (GUCCIAC) participated in the Conclave.
6- The deliberations and negotiations discussed several investment
   projects worth $ 32 bn (USDLRS Nine billion) in different economic
   sectors.




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