The fourth edition of the Gulf Cooperation Council (GCC)-India Industrial forum will be held on November 18-19 in Saudi Arabia's Jeddah. The Gulf Council-India meeting will primarily focus on promoting trade, investment and collaborations between the India and the GCC countries, also suggesting a roadmap to facilitate this process.
The forum will be jointly organized by the participating governments, India Inc and chambers of commerce from the Saudi kingdom. The forum will feature keynote, plenary and parallel sessions from several political leaders, key policy-makers, industry leaders, etc.
"The forum will explore cooperation between India and GCC in diverse areas such as IT, healthcare, oil, gas, renewable energy, food security and manufacturing… The forum will provide industrial and economic updates, sharing information, networking opportunities with key players, identifying strategic partners and renew business prospects”, said the council statement.
The statement also observed that the GCC, as a collective entity, offers immense economic and geo-political significance for India. In recent times, the GCC countries have moved ahead with their economic integration efforts and have also emerged as a major trading partner for India, thus providing vast potential for India's future investment opportunities.
The GCC or the Gulf Cooperation Council is a regional political organisation comprising the energy-rich Gulf countries such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Estimate (UAE). The first edition of the GCC-India forum was held in Mumbai in 2004, second at Muscat in Oman in 2006 and third again in Mumbai in 2007.
The fourth edition is taking place after a hiatus of 8 years and will be jointly inaugurated by the Saudi Commerce and Industry Minister Mr. Tawfiq F. Al-Rabia and his Indian counterpart Ms. Nirmala Sitharaman at King Abdullah Economic City in Jeddah on the theme of "Opportunities and Challenges".