Minister Goyal discussed projects in the states of India with the head of Emaar Properties Group.

Amit Jain, the head of Emaar Properties Group, stated on Friday that he discussed several projects in Indian states with India's Minister of Commerce and Industry, Piyush Goyal, and the company may make some announcements at the Vibrant Gujarat summit next year. The 10th Vibrant Gujarat Global Summit 2024 will take place in January next year in Gujarat.

Goyal, who is on a two-day visit to the UAE, held a series of meetings with business representatives and high-ranking officials to promote bilateral trade and investment between the two countries.

“We are considering several areas where we can expand in the real estate sector... Since Vibrant Gujarat is also approaching, there may be announcements,” Jain said to reporters after a bilateral meeting with the Indian minister.

He said that India is a major investment focus for Emaar, and they want to continue investing in India in the future.

“We talked about our existing investments... about what Emaar can do in India, we discussed Vibrant Gujarat...

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He mentioned potential investments in the Sabarmati River and Kevadia (in Gujarat). I think these are very interesting projects,” he said.

Without revealing specific projects in India, he said that Emaar is the largest investor in the real estate sector in India, and "we want our investments to be successful."

“We discussed a number of projects that the minister and I talked about, including northern India and other states, and we are just working on this to create something truly remarkable in India,” he added.

The minister also met with Sharafuddin Sharaf, the vice chairman of the Sharaf Group, which is involved in logistics.

Sharaf said that they have several internal ports in India, and they plan to expand these ports by 10 additional locations. He also announced an investment of 400 million USD and an additional 250 million USD in infrastructure.

Speaking about the preferred direction of investments in India, Sharaf noted that investors from the UAE view India as a priority for business expansion. He added that India has a very promising business environment.