A two day “Startup India Summit” held in Abu Dhabi, UAE was organized by the Indian embassy in Dubai and Consul G haveeneral of India in partnership with Indian Software Products Industry Round Table (iSPIRT).
This provides a single platform for both India and UAE to come together to collaborate with investors and stakeholders for different sectors like technology, medicine, software, and Artificial intelligence.
The Indian ambassador said “Different companies are at different stages of evolution and certain number of them are looking to grow further. Several others offer attractive investment opportunities. So, we hope to give them an opportunity to mix with the UAE investors, private businesses, sovereign funds and investors. Another objective is to change perceptions that India is not just an outsourcing capital, but has also got innovators and entrepreneurs.”
1. Dubai is a big financial hub, whereas India is one of the biggest startup hubs in the world. This will provide a big investment opportunity for UAE to invest in the country’s booming market.
2. It will increase the Foreign Direct Investment (FDI) of the country.
3. It will boost the startup companies to invest more in future by getting an access to funding opportunities.
4. This will help to improve the trade relations between the nations involved in the summit in the long run.
On the whole, the startup Indian Summit provides the startups funding, which acts as a source of investment for the nations involved in the summit as they will get benefited in the long run through the investments they make in these diverse startup ideas. So if you look at the big picture, both the startup and the investors are benefited and hence there is partnered growth.
This startup Summit will prove advantageous for both India and UAE and provide a platform for investors to invest in different companies.