Latest news with #IBPCDubai
Zawya
25-05-2025
- Business
- Zawya
IBPC Dubai and Bombay Stock Exchange forge strategic UAE-India capital corridor
Dubai, United Arab Emirates: In a historic convergence of financial leadership and cross-border collaboration, the Indian Business & Professional Council (IBPC Dubai) hosted Mr. Sundararaman Ramamurthy, Managing Director and CEO of Bombay Stock Exchange (BSE), for the inaugural UAE-India Capital Connect Series, signalling a renewed era of economic engagement between the UAE and India. The event drew prominent investors, institutional stakeholders, students, and professionals across sectors for a series of high-level sessions aimed at deepening capital market linkages and unlocking new growth channels between the two economies. 'This was a monumental day of achievement for IBPC Dubai,' stated Mr. Siddharth Balachandran, Chairman, IBPC Dubai. 'With active participation from over 10 community associations, we saw unity in diversity at its finest. As India charts its path toward becoming a USD 30 trillion economy by 2045, forums like these become critical enablers for collaborative progress.' Mr. Ramamurthy's keynote address served as both a retrospective and a forward-looking blueprint for India's capital market evolution from the formation of BSE in 1875 to its transformation into a cutting-edge digital marketplace. 'The paradigm has shifted,' said Mr. Ramamurthy. 'Post-1992 reforms, Indian markets moved from merely facilitating trades to catalysing capital formation, job creation, and trust-building. Today, with over 200 million mutual fund investors and 11,000 foreign portfolio investors, India has become a consumption-driven, resilient economy, poised for global leadership.' He emphasized the robustness of India's financial infrastructure, noting BSE's capacity to handle 1.4 million order messages per second, soon expanding to 2 million, and the platform's technological edge in latency-free trading and high-frequency environments. 'The Indian economy is like a ship capable of navigating turbulent geopolitical waters. Our market diversity and depth offer strong ballast. This is the time for Indian expatriates to not just remit but reinvest back in India through structured channels like the BSE.' His Excellency Satish Sivan, Consul General of India in Dubai, lauded the initiative as a strategic step in bolstering India-UAE economic cooperation, reinforcing the trusted, long-standing partnership between the two nations. Multiple sessions throughout the day offered tailored insights—from institutional investors to students and retail investors. Each session underscored the growing necessity of financial literacy, transparent capital access, and a shared vision for bilateral economic advancement. 'Events like these reflect the timeliness and seriousness with which we approach our dual mandate,' added Mr. Balachandran. 'We must support India-UAE trade ambitions while staying deeply rooted to our homeland's growth story.' With India recently overtaking major global economies to become the world's fifth largest, and UAE emerging as a capital gateway, the UAE-India Capital Connect Series is a testament to IBPC Dubai's commitment to strengthening people-to-market pipelines that drive real economic impact. The BSE CEO also highlighted significant opportunities in India's underrepresented SME sector, with only 1,000 of 60 million small and medium enterprises listed, and encouraged UAE investors to explore curated financial instruments, including newly launched indices tailored to mutual funds and insurance sectors. The evening's proceedings were kickstarted with speeches by Dr. Sahitya Chaturvedi, Secretary General of the IBPC, Mr. Skandan Mahalingam, Governor, IBPC Dubai and the evening closed with a Q&A session and a vote of thanks by Mr. Sunil Sinha, Vice Chairman, IBPC Dubai. For media inquiries, please contact: Nandini Vohra at nandini@
Zawya
29-04-2025
- Business
- Zawya
IBPC Dubai Annual Conclave 2025 highlights strengthened ties and shared vision between India and the UAE
Dubai, United Arab Emirates: In an evening of reflection and renewed purpose, the Indian Business & Professional Council (IBPC Dubai) hosted its much anticipated 22nd Annual Conclave at the Taj Exotica, Dubai this past weekend. The event welcomed over 350 members, business leaders, diplomats, and dignitaries, including the gracious presence of the former President of India, HE Shri Ram Nath Kovind, and Consul General of India to Dubai, H.E. Satish Sivan. The conclave served as a powerful platform to highlight the growing Indo-UAE strategic partnership and IBPC Dubai's pivotal role in advancing bilateral relations, fostering innovation, and enabling impactful collaborations. The evening unfolded with a powerful cultural performance, 'Miracle on Wheels: A Story of Strength and Spirit,' featuring artists of determination under the guidance of founder Syed Sallauddin Pasha whose moving display of resilience and creativity set the tone for a night dedicated to progress and partnership. Renowned chartered accountant and IBPC Dubai Secretary General Dr. Sahitya Chaturvedi, in his annual presentation, noted, 'IBPC Dubai has conducted over 51 programs in the past year. We are not just growing—we are evolving,' as he highlighted the council's inclusive engagement, including the recognition of Life Members and senior legends, interactive platforms for women, and the active participation of youth in IBPC initiatives. This comes amid a dynamic shift in IBPC's membership strategy, now reimagined to be more inclusive of women, youth, and emerging professionals, as the Council broadens its reach and deepens engagement with a wider audience. IBPC Dubai Chairman Siddharth Balachandran emphasized the enduring friendship between India and the UAE, rooted in 'strong ideas and stronger execution.' He added, 'IBPC Dubai is here to aspire and ascend. We are all cogs in the wheel driving toward one common destination—excellence.' He was followed by HE Satish Kumar Sivan, Consul General of India, who confirmed that bilateral trade has surged past $100 billion in 2025, a remarkable rise from $84 billion in March 2024, across sectors including technology, education, healthcare, and innovation. He also paid tribute to IBPC member Dr. Ram Buxani, a pioneering figure in the Indian diaspora, who passed away last year. Introducing the evening's keynote speaker, IBPC Dubai Vice Chairman Sunil Sinha paid tribute to HE Shri Ram Nath Kovind, Former President of India, describing him as 'a leader who embodies dignity and humility—his life a quiet testament to perseverance, to choosing values over visibility, and to the belief that public service is the noblest calling. He brought grace to the highest office and remains a true inspiration to us at IBPC Dubai, reminding us that real leadership builds bridges across nations.' Taking the stage to sustained applause, Former President Kovind delivered a moving address that echoed these sentiments. Reflecting on leadership, legacy, and the power of service, he spoke passionately about the role of elders in shaping society. 'Senior citizens bring wisdom, maturity, and compassion,' he said. 'Their stories are India's stories. I salute individuals like Mr. Vasu Shroff, whose life journey embodies global recognition and quiet perseverance.' President Kovind also highlighted the rapidly strengthening relationship between India and the UAE, recalling the landmark 2015 visit of Prime Minister Narendra Modi, and the recent diplomatic milestones achieved during the Crown Prince of Dubai's visit to India. 'We are witnessing a system of evolution,' he observed. 'India and the UAE are partners not only in trade but in vision.' Underscoring the economic momentum, he noted that as India rises to become the world's third-largest economy and its startup ecosystem ranks third globally, the UAE continues to be one of India's most significant investors. The shift towards bilateral trade in local currencies (INR and AED), he said, is a clear signal of deepening strategic ties. In a moment of quiet pride, he acknowledged the 16 Pravasi Bharatiya Samman Awardees in the UAE—the highest honour conferred on overseas Indians—as symbols of the diaspora's profound contributions. He also spoke of the spiritual harmony embodied by the BAPS Hindu Temple, standing alongside a mosque and a church, as a beacon of interfaith tolerance and unity. The night concluded with a vote of thanks delivered by IBPC Dubai Governor Skandan Mahalingam and an invigorating call to action: 'IBPC is not just a council—it is a movement. A movement that reflects the vision of a Viksit Bharat and the inclusive future we're building together.' A special note of appreciation was extended to key IBPC members including Eugene Mayne, Founder and CEO Of Tristar Group, Dr. K. P. Hussain, Chairman and Managing Director of Fathima Healthcare Group, and Mr. Ankur Gupta, Head - Corporate Affairs & Growth, Tata Sons MENA, for their continued partnership and unwavering support in advancing IBPC Dubai's mission.
Gulf Today
08-04-2025
- Business
- Gulf Today
Sheikh Hamdan's visit to India reflects depth of exceptional relations: IBPC
Siddharth Balachandran, Chairman of the Indian Business and Professional Council (IBPC Dubai), said that the visit of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Executive Council of Dubai, to India is a true embodiment of the exceptional relations between the two nations. "It reflects the leadership's shared commitment to continuously enhancing bilateral relations in pursuit of a future vision rooted in integration and openness," he added. In statements to the Emirates News Agency, Balachandran noted that the historical and close ties between the UAE and India have seen remarkable progress, setting a global example of constructive cooperation. This advancement not only serves the interests of both nations but also generates broader positive impacts for the region and the world at large. He indicated that the shared values between the two friendly countries form a solid foundation for sustained engagement, values that have been significantly strengthened over the past two decades. "This mutual understanding is reflected in the deep respect between Emirati citizens and the Indian expatriate community. The result is a unique synergy, combining the hospitality of the host nation with the commitment and diligence of the Indian community, creating a dynamic and productive economic ecosystem,' he noted. Balachandran also highlighted that strengthening bilateral ties has laid the groundwork for deeper levels of future partnership. He pointed to landmark initiatives such as the Comprehensive Economic Partnership Agreement (CEPA) and government-led forums like I2U2 as examples of the joint ambition to elevate cooperation to new heights. WAM
Arabian Business
02-04-2025
- Business
- Arabian Business
Former Indian president Kovind to be chief guest at IBPC Dubai conclave
The Indian Business and Professional Council (IBPC Dubai) announced former Indian President Ram Nath Kovind as the chief guest for its 22nd Anniversary Conclave in Dubai. The conclave, slated to be held on April 25, will focus on strengthening India-UAE bilateral relations, exploring opportunities for Indian businesses and professionals in the UAE, and aligning India's development goals with the UAE Vision 2030. The event will also serve as a platform for discussions on policy advocacy, advancements in the digital economy, and enhancing collaboration between the entrepreneurs of the two nations, IBPC said. Former India PM Ram Nath Kovind to visit Dubai The upcoming event will focus on several key areas aligned with the theme of 'Viksit Bharat', aimed at fostering India's growth and strengthening its global ties. Key topics will include the digital economy, which will explore strategies to enhance transparency and efficiency in digital trade, especially the digital clearance of transactions. Additionally, discussions will also focus on cross-border transactions in local currency, which can drive efficiency in trade between the two nations and create a more seamless business environment, it said. Several significant initiatives and partnerships are also expected to be announced at the anniversary conclave, IBPC Dubai said. These include the launch of the 'Viksit Bharat' series, which aims to promote sectoral investments in India, with planned delegations focusing on key states like: Uttar Pradesh Madhya Pradesh Kerala Assam Gujarat Goa The initiatives aim to attract global investors, particularly in the tourism and sustainable development sectors, fuelling growth and innovation across India's diverse regions. 'As we mark our 22nd anniversary, this conclave will be a testament to our continued commitment to fostering stronger ties between India and the UAE,' said Siddharth Balachandran, Chairman of IBPC Dubai.
Zawya
02-04-2025
- Business
- Zawya
Ram Nath Kovind, former President of India, to grace IBPC Dubai's 22nd Anniversary Conclave as chief guest
Dubai, United Arab Emirates: The Indian Business & Professional Council (IBPC Dubai) will host its 22nd Anniversary Conclave with former Indian President Shri Ram Nath Kovind as the Chief Guest. The event is set to take place on 25th April 2025 in Dubai and will focus on strengthening India-UAE bilateral relations, exploring opportunities for Indian businesses and professionals in the UAE, and aligning India's development goals with the UAE Vision 2030. The event will also serve as a platform for discussions on policy advocacy, advancements in the digital economy, and enhancing collaboration between the entrepreneurs of the two nations. Shri Ram Nath Kovind will provide insights drawn from his leadership experience, particularly regarding India's evolving business landscape. As India continues to drive its Viksit Bharat vision, the role of businesses and professionals in both countries has never been more critical. In his address, former President Kovind has been requested to speak on India's leadership goals, including fostering innovation, empowering the workforce, and steering the country toward sustainable economic growth. He will explore how Indian businesses and professionals in the UAE can contribute to India's transformation into a self-reliant, developed nation, while also strengthening India-UAE ties for the future. The upcoming event will focus on several key areas aligned with the theme of Viksit Bharat, aimed at fostering India's growth and strengthening its global ties. Key topics include the Digital Economy, which will explore strategies to enhance transparency and efficiency in digital trade, especially the digital clearance of transactions. Additionally, discussions will focus on cross-border transactions in local currency, which can drive efficiency in trade between the two nations and create a more seamless business environment. Several significant initiatives and partnerships will be announced at the 22nd Anniversary Conclave, marking a milestone for IBPC Dubai. These include the launch of the Viksit Bharat Series, which aims to promote sectoral investments in India, with planned delegations focusing on key states like Uttar Pradesh, Madhya Pradesh, Kerala, Assam, Gujarat, and Goa. These initiatives aim to attract global investors, particularly in the tourism and sustainable development sectors, fuelling growth and innovation across India's diverse regions. Siddharth Balachandran, Chairman of IBPC Dubai, expressed his enthusiasm for the upcoming event, stating, 'We are honoured to welcome Shri Ram Nath Kovind, whose leadership and vision have greatly contributed to strengthening India's position on the global stage. As we mark our 22nd anniversary, this conclave will be a testament to our continued commitment to fostering stronger ties between India and the UAE. Through impactful discussions and new initiatives, we aim to accelerate India's transformation under the Viksit Bharat vision and ensure that our businesses and professionals continue to thrive in both countries.' Looking ahead, IBPC Dubai plans to continue its efforts to promote the Viksit Bharat theme by focusing on policy advocacy, cross-border investments, and strategic collaborations. Notably, discussions with the Ministry of Ayush are underway to explore the exchange of knowledge on organic and medicinal plantations, aiming to strengthen India's position in the global organic market. Dr. Sahitya Chaturvedi, Secretary General of IBPC Dubai, expressed, 'The 22nd Anniversary Conclave is not just a celebration of IBPC's journey, but a strategic dialogue aimed at fostering stronger ties between India and the UAE. The future of India's global business growth is rooted in the digital economy, cross-border transactions in local currencies, and sustainable trade routes. As India accelerates its path to becoming a self-reliant nation, the role of collaborations with nations like the UAE and others in the Middle East and Europe becomes more pivotal. We are committed to facilitating these dialogues to drive meaningful change.' 'This anniversary conclave will be an impactful and momentous occasion to not only celebrate the past 22 years of IBPC's achievements but to also pave the way for future growth, collaboration, and a stronger India-UAE partnership,' concluded the Chairman. For media inquiries, please contact: nandini@
