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Vibrant Gujarat Summit: UAE, Uzbekistan, Morocco confirm as partner countries
Jan 04, 2019

The ninth edition of Vibrant Gujarat Summit scheduled to begin on January 18 will have the highest representation of Muslim nations in form of partner countries.
 
 
After United Arab Emirates (UAE) became the first Islamic nation to join the summit as a partner country in 2017, this year a troika of nations — including Morocco, UAE and Uzbekistan — have joined the summit that first began in 2003 to attract investments to a state whose reputation was badly dented by the 2002 communal riots.
 
Figures from Reserve Bank of India (RBI) show that UAE is the 10th highest FDI investor in India. FDI equity inflow from this middle-eastern country has, however, reduced to USD 689 million in 2017, compared to USD 1196 million in 2016, a dip of 42 per cent. Similarly, Morocco has not invested a single pie in India between January 2016 and June 2018. The total FDI from Morocco stands at Rs 656 crore from April 2000 to June 2018.
 
On the rising participation from Muslim nations at the Vibrant summit, M K Das, Principal Secretary to the Chief Minister told The Indian Express, We do not look at the religion of any nation. Those who are keen to do business with us come to us at the Vibrant Gujarat Summit. It was Japan who first came forward as a partner country in the 2009 for the summit that began in 2003. It was only in 2015, that the US and the UK joined the summit as partner countries and brought along ministerial delegations.
    

Indian Express

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