UAE has vast investment surplus and India has huge market, says Piyush Goyal
Zee News
He said that the government acts only as a facilitator for startups, and it will help further strengthen the ecosystem.
New Delhi: The UAE has enormous investment surplus while India has a huge market, and is an attractive destination, Commerce and Industry Minister Piyush Goyal said on Monday.
He said that both the countries have expertise, and can work together in areas such as sustainability, space technology, connectivity, artificial intelligence, emerging technologies and data analytics.
"The UAE has a huge investment surplus in terms of investments ability, and India has a huge market which makes that an attractive destination, and therefore, we are not in competition with each other; rather, we complement each other. We are natural partners," Goyal said at the India-UAE Startup Forum 2022 here.
He said that the government acts only as a facilitator for startups, and it will help further strengthen the ecosystem.
"Today we are the third largest startup ecosystem, but our aspiration is to be the world's number one startup destination. The startup bug has caught India's imagination. The entire innovation ecosystem that the startup industry represents is giving a new direction, new momentum to India," he said.
