Indians Valuable to UAE Economy: UAE Human Resources Minister

Dubai [United Arab Emirate], May 13 (ANI): Hailing the contribution of the Indian community in the economy of United Arab Emirates (UAE), UAE Minister for Human Resources and Emiratization Nasser Al Hamli on Sunday said 'Indians are valuable to UAE economy.'

"We are very happy to host our Indian guests here. Indians are very hard working and they are very valuable for our economy. We are also happy that they are supporting their families back home in India," Hamli told ANI in Dubai.

Commenting on the Indian workforce in UAE, the minister expressed happiness over how "very hardworking" Indians, "who are valuable to the (UAE) economy," support their families back at home whilst working on the UAE soil.

He further underscored that India and UAE are closely monitoring the situation revolving around the issuance of the visa to the Indians very closely, confirmed

"UAE is working with the Indian Government in terms of making sure that our relationship is transparent and contractually very valid and we are monitoring this very closely," the UAE minister told ANI when asked about any possible changes in the UAE's visa policy for Indian employees, given the fact that 3.3 million Indians are working in UAE.

This comes in the backdrop of the meeting held between Union Petroleum and Natural Gas Minister Dharmendra Pradhan and the UAE Minister for Human Resources and Emiratization at Grand Hyatt at Dubai.

Pradhan, who is on a three-day visit to the UAE which commenced on May 12, is visiting the Arab country to follow up on the February 2018 UAE visit of Prime Minister Narendra Modi.

Earlier in the day, Pradhan called UAE a reliable partner of India while appealing to all the stakeholders of Downstream Investment Forum to invest in India.

Pradhan, who attended Downstream Investment Forum in UAE, organised by Abu Dhabi National Oil Company (ADNOC), told ANI, "India is a new and emerging market. Downstream Investment Forum is a very important forum and UAE is a reliable partner of India. UAE is a very reliable partner of India in utilizing this forum. I appeal all the stakeholders in this energy business to come and invest in India."

Pradhan further hailed India as the number three absolute energy consumer and said the country's per capita energy consumption would increase in the coming years.

"Our energy appetite is very high. Our per capita energy consumption is very modest which will increase in the coming years. We have a growth rate of around 7 percent plus. In the near future, the growth rate will be more stablised, we are expecting more energy requirement," he said.

Earlier, Pradhan had said that under the leadership of Prime Minister Narendra Modi, India has made tremendous strides in providing energy justice to all.

While addressing a gathering at the Indian Embassy in Abu Dhabi, UAE, on Saturday, the Union minister also highlighted the attractive investment opportunities in the Petroleum and Natural Gas and Skill Development sectors in India and also extended an invitation to the business community in the UAE for greater collaborations and increased investments in India.

Yesterday, Pradhan and UAE Minister of State and ADNOC Group CEO Dr. Sultan Al Jaber flagged off the first consignment of 2 million barrels of ADNOC crude for Mangalore Cavern.

During the day, Pradhan also held a bilateral meeting with H.E. Dr. Jaber. Minister Pradhan was accompanied by Ambassador Navdeep Suri, senior officials and CEOs for Indian Oil, Bharat Petroleum and Hindustan Petroleum.

During the visit of the Prime Minister, Indian Strategic Petroleum Reserves Ltd (ISPRL) signed an agreement with the ADNOC of UAE under which the latter will store about 5.86 million barrels of crude oil in India's Strategic Petroleum Reserve (SPR) facility at Mangalore at its own cost. (ANI)

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