The Registration Authority of Abu Dhabi Global Market (ADGM) and the Confederation of Indian Industry (CII) entered into a Memorandum of Understanding (MoU) to jointly collaborate on initiatives and efforts that further bolster the business developments and opportunities between India and the UAE.
The MoU was signed on 8 November by Mr. Madhav B Shriram, Chairman (Delhi State), Director General, Confederation of Indian Industry & Deputy Managing Director, DCM Shriram Industries Ltd. and Mr. Martin Tidestrom, Business Development Director of the Registration Authority of ADGM, during the ADGM delegation’s business visit to Indian from 7 to 16 November. The ADGM delegation, led by Mr.Tidestrom, is meeting the key local authorities and business leaders in the cities of Mumbai, New Delhi, Hyderabad, Kochi, and Trivandrum, to create awareness and bolster investment and business between the closely related economies of India and the UAE.
The MoU will enable both ADGM and CII to facilitate greater exchange of information, collaborate on activities and areas that enhance the growth in both markets, share best practices and explore bilateral business opportunities.
This partnership reinforces Abu Dhabi’s long-term positive relationship with India; it also underscores ADGM’s commitment as an IFC to enhance and build stronger collaborations with global financial and commercial markets and with leading business organizations. The agreement provides a framework for Registration Authority and CII to provide mutual assistance, exchange relevant information and co-operate on cross-border initiatives.