UAE Chapter of UAE-India Business Council launched
Faizal Kottikollon is the Chairman of UIBC-UC
Abu Dhabi (UAE): The UAE-Indian business council has been established on the first anniversary of the Comprehensive Economic Partnership Agreement (CEPA) deal signed by India and the United Arab Emirates. The formation of the council is aimed at increasing investment and bilateral trade between the two countries.
The UAE India Business Council - UAE Chapter (UIBC-UC) was launched in Dubai by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, in the presence of Ambassador of India to the UAE Sunjay Sudhir, Consul General of India in Dubai Dr. Aman Puri and founding members of the UIBC-UC.
“This is a very significant thing,” said Sunjay Sudhir. “We want to bring together their experience of doing business in both countries so as to further lubricate the investment and business corridor between both countries. They will discuss ideas on how to further generate trade and investment opportunities.”
(Faizal Kottikollon)
Prominent NRI entrepreneur Faizal Kottikollon is the chairman of the newly launched council. Faizal Kottikollon said the main purpose of the council was to build trust.
“In the past, several UAE companies have taken some poor decisions while investing in India because they were not confident to invest large amount of money,” he said. “We will act as a channel partner and a bridge. The basis of any business is trust. When you develop trust, everything becomes easier.” He was quoted as saying by Khaleej Times.
With both countries growing rapidly, Faizal, who is the chairman of KEF Holdings, said this council was the need of the hour. “UAE has become the centre of the world after Covid,” he said. “India has got so much knowledge, but we need a lot of capital. UAE got a significant amount of capital. So, if you can marry these two things, it’s a powerhouse. What this council does is identifying projects in both the countries and bring investment through this channel.”
Faizal confirmed that there are several projects already in the pipeline. “We are very confident that there’ll be three large investments coming into India soon,” he said. “We will announce the details in due course of time, but I can assure you that it is indeed a very exciting time.”
The founding members of the UIBC-UC from the UAE side are Mubadala, Wizz Financial, DP World, Emaar, Emirates airline and Emirates NBD. From the Indian side, conglomerates such as Tata, Reliance, and Adani are represented, as well as tech innovators like OLA, Zerodha, Udaan, and EaseMyTrip, along with prominent Indian entrepreneur-led corporations based in the UAE such as KEF Holdings, Buimerc Corporation, Apparel Group, EFS and Lulu Financial.
Siddharth Balachandran, executive chairman and CEO of Buimerc Corporation Ltd said the UIBC-UC will further strengthen the growth of India-UAE relationship. “To channelise the various investments, we need channels like these,” he said. “It will add a layer of credibility and give investors a channel to verify investment opportunities.”
Rizwan Soomar, CEO & MD (India Subcontinent) at DP World, will serve as the Co-Chairman of UIBC-UC. Major General (Retd.) Sharafuddin Sharaf, who serves as the Chairman of the UIBC India Chapter, will also hold the position of Vice Chairman of UIBC-UC.
The council will have its office in Abu Dhabi and will be a pan-UAE body focusing on promoting trade and investment relations between the UAE and India. Membership to UIBC-UC will be by invitation only, and institutional members will be invited over time.
An India chapter of the business council was established in New Delhi in 2015 by Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister for Foreign Affairs and International Cooperation, and the late Sushma Swaraj, who was then Minister of External Affairs of India, during the 11th Session of the India-UAE Joint Commission Meeting.
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More than 2,100 people have been arrested during pro-Palestinian protests on US college campuses
Los Angeles (AP): Police have arrested more than 2,100 people during pro-Palestinian protests at college campuses across the United States in recent weeks, sometimes using riot gear, tactical vehicles and flash-bang devices to clear tent encampments and occupied buildings.
One officer fired his gun inside a Columbia University administration building while clearing out protesters camped inside, a prosecutor's office confirmed.
No one was injured by the officer's actions late Tuesday inside Hamilton Hall on the Columbia campus, according to Doug Cohen, a spokesperson for District Attorney Alvin Bragg's office.
Cohen said on Thursday that the gun did not appear to be aimed at anyone, and that there were other officers but no students in the immediate vicinity. Bragg's office is conducting a review, a standard practice.
More than 100 people were taken into custody during the Columbia crackdown, just a fraction of the total arrests stemming from recent campus protests over the Israel-Hamas war. A tally by The Associated Press on Thursday found at least 50 incidents of arrests at 40 different US colleges or universities since April 18.
Early Thursday, officers surged against a crowd of demonstrators at University of California, Los Angeles, ultimately taking at least 200 protesters into custody after hundreds defied orders to leave, some forming human chains as police fired flash-bangs to break up the crowds.
Police tore apart a fortified encampment's barricade of plywood, pallets, metal fences and dumpsters, then pulled down canopies and tents.
Like at UCLA, tent encampments of protesters calling on universities to stop doing business with Israel or companies they say support the war in Gaza have spread across other campuses nationwide in a student movement unlike any other this century.
Iranian state television carried live images of the police action at UCLA, as did Qatar's pan-Arab Al Jazeera satellite network. Live images of Los Angeles also played across Israeli television networks.
Israel has branded the protests antisemitic, while Israel's critics say it uses those allegations to silence opposition. Although some protesters have been caught on camera making antisemitic remarks or violent threats, protest organisers — some of whom are Jewish — call it a peaceful movement to defend Palestinian rights and protest the war.
President Joe Biden on Thursday defended the right of students to peaceful protest but decried the disorder of recent days.
The demonstrations began at Columbia on April 17 with students calling for an end to the Israel-Hamas war, which has killed more than 34,000 Palestinians in the Gaza Strip, according to the Health Ministry there.
Israel launched its offensive in Gaza after Hamas killed about 1,200 people, mostly civilians, on October 7 and took roughly 250 hostages in an attack on southern Israel.
On April 18, the NYPD cleared Columbia's initial encampment and arrested roughly 100 protesters. The demonstrators set up new tents and defied threats of suspension, and escalated their actions early Tuesday by occupying Hamilton Hall, an administration building that was similarly seized in 1968 by students protesting racism and the Vietnam War.
Roughly 20 hours later, officers stormed the hall. Video showed police with zip ties and riot shields streaming through a second-floor window. Police had said protesters inside presented no substantial resistance.
At some point, the officer's gun went off inside the building. Cohen, the DA's spokesperson, did not provide additional details on the incident, which was first reported by news outlet The City on Thursday. The NYPD did not immediately respond to AP's request for comment.
The confrontations at UCLA also played out over several days this week. UCLA Chancellor Gene Block told alumni on a call Thursday afternoon that the trouble started after a permitted pro-Israel rally was held on campus Sunday and fights broke out and “live mice” were tossed into the pro-Palestinian encampment later that day.
In the following days, administrators tried to find a peaceful solution with members of the encampment and expected things to remain stable, Block said.
That changed late Tuesday, he said, when counterdemonstrators attacked the pro-Palestinian encampment. Campus administrators and police did not intervene or call for backup for hours. No one was arrested that night, but at least 15 protesters were injured. The delayed response drew criticism from political leaders, including California Gov. Gavin Newsom, and officials pledged an independent review.
“We certainly weren't thinking that we'd end up with a large number of violent people, that hadn't happened before,” Block said on the call.
By Wednesday, the encampment had become “much more of a bunker” and there was no other solution but to have police dismantle it, he said.
The hourslong standoff went into Thursday morning as officers warned over loudspeakers that there would be arrests if the crowd — at the time more than 1,000 strong inside the encampment as well as outside of it — did not disperse.
Hundreds left voluntarily, while another 200-plus remained and were ultimately taken into custody.
Meanwhile, protest encampments at other schools across the US have been cleared by police — resulting in more arrests — or closed up voluntarily. But University of Minnesota officials reached an agreement with protesters not to disrupt commencements, and similar compromises have been made at Northwestern University in suburban Chicago, Rutgers University in New Jersey and Brown University in Rhode Island.
Ariel Dardashti, a graduating UCLA senior studying global studies and sociology, said no student should feel unsafe at school.
“It should not get to the point where students are being arrested,” Dardashti said on campus on Thursday.
