Dubai: A high profile delegation from the Dubai International Financial Centre (DIFC) recently visited Mumbai to explore business ties.
The delegation led by Chirag Shah, Chief Strategy and Business Development Officer of DIFC, conducted a series of presentations and discussions in the host city with the objective of introducing the financial hub and elaborating on Dubai’s potential as a competitive business destination. The delegation held direct meetings and attracted the interest of close to 50 existing and new clients keen to benefit from DIFC’s widely appreciated regulatory framework, legal systems and enabling infrastructure.
“We have received strong interest from banks, investment banks, asset/wealth managers, insurance/reinsurance providers/brokers and professional firms from India that are looking at setting up or expanding their presence in the DIFC to tap into the opportunities in the growth markets in Middle East and Africa,” said Shah.
Nearly 26,500 companies from the Indian subcontinent operate in the UAE, with an estimated combined investment of around $52 billion (Dh191 billion). Over the years, more than 20 leading Indian banks and financial institutions have opened offices at the financial hub. These include Axis Bank, ICICI Bank, IDBI Bank, Punjab National Bank and State Bank of India.
