In a significant move towards enhancing economic ties between the UAE and India, the Indian Business & Professional Council (IBPC Dubai) recently hosted Mr. Sundararaman Ramamurthy, the Managing Director and CEO of the Bombay Stock Exchange (BSE), at the inaugural UAE-India Capital Connect Series. This event marked a pivotal moment in fostering cross-border collaboration and financial leadership between the two nations.
The gathering, attended by notable investors, institutional stakeholders, students, and professionals from various sectors, featured a series of high-level sessions aimed at strengthening capital market connections and opening up new avenues for growth in both economies.
Mr. Siddharth Balachandran, Chairman of IBPC Dubai, hailed the event as a significant achievement, emphasizing the unity displayed by over 10 community associations. As India sets its sights on becoming a USD 30 trillion economy by 2045, forums like these play a crucial role in driving collaborative progress.
During his keynote address, Mr. Ramamurthy reflected on India’s capital market journey, tracing it back to the establishment of BSE in 1875 and highlighting its evolution into a cutting-edge digital marketplace. He underscored the transformative impact of reforms post-1992, emphasizing how Indian markets have evolved into engines of capital formation and job creation, positioning the country as a consumption-driven, resilient economy poised for global leadership.
Highlighting the strength of India’s financial infrastructure, Mr. Ramamurthy pointed out BSE’s technological prowess in handling a high volume of order messages per second and its advanced capabilities in latency-free trading environments. He encouraged Indian expatriates to not only remit funds but also reinvest in India through structured channels like the BSE, leveraging the nation’s market diversity and depth.
His Excellency Satish Sivan, Consul General of India in Dubai, commended the initiative as a strategic move towards enhancing economic cooperation between India and the UAE, reinforcing the longstanding partnership between the two countries.
The series of sessions throughout the day offered tailored insights to various stakeholders, underlining the growing importance of financial literacy, transparent access to capital, and a shared vision for bilateral economic progress. Mr. Balachandran stressed the importance of supporting India-UAE trade ambitions while remaining connected to India’s growth narrative.
As India emerges as the world’s fifth-largest economy and the UAE solidifies its position as a capital gateway, the UAE-India Capital Connect Series underscores IBPC Dubai’s commitment to strengthening market connections that drive tangible economic outcomes.
Mr. Ramamurthy also shed light on the vast opportunities present in India’s underrepresented SME sector, urging UAE investors to explore curated financial instruments, including newly launched indices tailored to mutual funds and insurance sectors.
The evening’s proceedings featured speeches by Dr. Sahitya Chaturvedi, Secretary General of IBPC, Mr. Skandan Mahalingam, Governor of IBPC Dubai, and concluded with a Q&A session and a vote of thanks by Mr. Sunil Sinha, Vice Chairman of IBPC Dubai.
For media inquiries, please contact Nandini Vohra at nandini@theguildpr.com. This press release was provided by an external third-party provider and is for informational purposes only.
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