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GVK Reddy shares his thoughts on the India-UAE trade agreement

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GVK Reddy

India and the United Arab Emirates have committed to increase bilateral trade to $100 billion by 2030, resulting in the creation of millions of new jobs. The two countries’ complete free trade agreement is expected to benefit around USD 26 billion in domestic products such as diamonds and jewellery, which are currently subject to a 5 per cent import fee by the Gulf country. GVK Reddy agrees with the broad contours of the agreement and fervently elaborates how it will fulfil the aim of increasing bilateral merchandise trade in the coming years.

On February 18th, 2022, India and the United Arab Emirates signed the Comprehensive Economic Partnership Pact, or CEPA, marking the Indian government’s first free trade pact since 2014. GVK Reddy informs,

“The deal was completed in a record-breaking 88 days, and it will go into effect in May, 2022. Between the two countries, non-oil trade will more than double in five years from $45 billion in 2021 to $100 billion.”

The CEPA between India and the United Arab Emirates is the nation’s first major trade deal in more than a decade. Before that, India signed a landmark free trade agreement with Japan. “It is the first in a series of free trade agreements that India is negotiating in order to increase its goods and services exports to $1 trillion by 2030. Free trade agreements with the United Kingdom, the European Union, Israel, Australia, and Canada are also being pursued by India,” notes GVK Reddy.

Elaborating on the agreement, GVK Reddy informs that the UAE will lower rates on 80 per cent of its tariff lines, which account for 90 per cent of India’s value-added exports to the UAE, under the conditions of the agreement. This is particularly important for exports in highly competitive categories such as textiles and clothing, where India’s exporters have hitherto been at a competitive disadvantage due to import obstacles. Also, GVK Reddy points out that Indian textile and leather exports to the UAE now face a 5 per cent levy, whilst competitors’ products from Vietnam and Bangladesh are duty-free. Over the next 5-10 years, India’s zero-tariff access to the UAE will expand to 97 per cent of UAE tariff lines, corresponding to 99 per cent of India’s exports by value.

Additionally, footwear, sports goods, engineering goods, automobiles, and pharmaceuticals, are all predicted to gain ground. The pact, which is due to go into force in the first week of May 2022, is expected to generate an additional one million jobs in India.

Notably, India has left several commodities out of the agreement, citing a sensitive list of products that account for 10 per cent of tariff lines that are completely exempt.

“Dairy, fruits, vegetables, cereals, tea, coffee, sugar, culinary preparations, cigarettes, toys, plastics, scrap aluminium, and copper are among the items that are excluded from the agreement. Other areas which were left out of the agreement are those where domestic production has increased fast or where the government is rewarding manufacturing through production-linked incentive schemes,”

-cites GVK Reddy.

For the first time, India included a chapter on digital trade in the India-UAE CEPA, signalling the nation’s willingness to pursue this area in bilateral agreements. India has consistently refused to engage in WTO e-commerce discussions, citing concerns that WTO-proposed e-commerce standards would stifle domestic trade. In order to harmonise regulatory requirements for managing digital trade between India and the UAE, constant communication between regulatory organisations on both sides will be maintained.

Overall, the India–UAE CEPA appears to support the present government’s efforts to promote exports. If properly implemented, it will be a valuable tool in the hands of Indian industry, which is familiar with the UAE and, by extension, the Gulf. It also demonstrates a level of consistency in India’s attitude on trade issues such as intellectual property rights and digital trade, which might create roadblocks in India’s ongoing negotiations with the EU and the UK. Meanwhile, the India–UAE CEPA aims to reduce political risk and uncertainty between two significant trading partners.

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Delhi Convention Centre: Why is The Zora Convention Centre built at Delhi’s Lodhi Road special?

It serves as an exquisite venue for weddings, festivals, corporate gatherings, and a variety of other events.

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The Zora, Delhi Convention Center, located near Jawaharlal Nehru Stadium in Delhi, was inaugurated in August 2024. This convention center is specifically designed to cater to global event needs.

Spanning over 2 lakh square feet, The Zora features impressive architectural elements, including 38-foot high ceilings and two pre-designed halls, crafted by the esteemed designer Walid Baz, founder of Baz Events. It serves as an exquisite venue for weddings, festivals, corporate gatherings, and a variety of other events.

In an exclusive interview with APN News, Jyoti Kalash, Chief Administrative Officer (CAO) and retired IAS officer stated, “The design of this event center is striking. Upon entering the main hall, guests will feel transported to another realm, as there is a glass floor beneath them that can easily support over 1,000 people.”

“The Zora stands out due to its nature-inspired design and outstanding craftsmanship, which was accomplished in just 80 days by an international team, establishing a new benchmark for luxury in India,” the former IAS officer emphasised.

Dhananjay Kumar, CEO of The Zora – Delhi Convention Center, also spoke with APN News, stating, “We are offering not just a venue, but a destination for unique, unforgettable experiences. This luxurious and stunning space was completed within an impressive timeframe of only 80 days.”

Know what is special in ‘The Zora’

  • Prime location on Lodhi Road, convenient location for all.
  • Parking facility for more than 2000 vehicles.
  • Designed by award-winning architectural designer Walid Baz, bringing world-class expertise to Delhi.
  • Completed within a time period of just 80 days.
  • Spread over 2 lakh sq ft with two pre-designed halls and spacious customisable areas.
  • The Zora’s design is inspired by nature, offering guests an ambiance of beauty and tranquility.
  • 750 tonnes of iron has been used for strength.
  • 700 intelligent lights have been used with over 20 modes to match the mood of the ceremony.
  • Another large dining area is separate from the Grand Ballroom.
  • The interiors look beautiful and are adorned with intricate handmade designs.

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IIMM Delhi claims 100% placement for PG Diploma in ADPR for 3 consecutive years

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The International Institute of Mass Communication (IIMM) Delhi continues to solidify its reputation as a premier institution for media and communication studies by achieving 100% placement for its Post Graduate Diploma in Advertising and Public Relations (PGD ADPR) course for the third consecutive year. This remarkable achievement underscores the institution’s commitment to academic excellence and its pivotal role in shaping future leaders of the media industry.

A Legacy of Excellence

Ms. Simrat Gulati, an IIMC Alumna and Advertising veteran, who heads this program at IIMM Delhi said, “ADPR is one of IIMM Delhi’s oldest and most prestigious programs. Established with the vision of providing comprehensive education and training in the fields of advertising and public relations, this course has evolved to meet the dynamic demands of the industry. The curriculum is meticulously designed to combine theoretical knowledge with practical skills, ensuring that students are well-prepared for the challenges of the professional world.”

Industry Recognition

Industry experts and media professionals also hold IIMM Delhi’s ADPR program in high regard. Vivek Satya Mitram, a renowned Brand Strategist and co-founder at Bharat Dialogues said, “I have interacted with IIMM Students in workshops & events, the rigorous training included in their ADPR course and exposure to real-world scenarios are indeed a benchmark in media education. We at Bharat Dialogues regularly hire interns from IIMM Delhi for their creativity, strategic thinking, and ability to adapt to the rapidly changing media landscape.”

Several key factors contribute to the consistent placement success of the ADPR program at IIMM Delhi added their Academic Director Pooja Priyamvada. “We at IIMM Delhi have fostered strong relationships with leading companies in the advertising and PR sectors. These partnerships provide students with ample internship opportunities, live projects, and exposure to industry practices. We are privileged to have a highly qualified and experienced line up of faculty members & Guest lecturers who bring a wealth of industry knowledge and academic expertise.”

The industry-readiness of any curriculum requires that it is regularly updated to reflect the latest trends and technologies in the media industry. This ensures that students are equipped with relevant skills and knowledge that make them highly employable. As per many ex-students that is what set them apart from the crowd in the highly competitive media industry. Through mock interviews, resume building workshops, and career counseling sessions, the placement cell ensures that students are well-prepared to enter the job market.

The 100% placement record over the past three years is a testament to IIMM Delhi’s unwavering commitment to excellence. As the media industry continues to evolve, the institute remains dedicated to providing exemplary education and training that empowers students to become leaders in their field.

Established in 1999, the International Institute of Mass Media (IIMM) Delhi is a premier institution dedicated to providing high-quality education in mass media and communication. With a focus on practical training, industry exposure, and academic excellence, IIMM Delhi offers a range of undergraduate, postgraduate, and diploma programs designed to prepare students for successful careers in media and communication.

For more information about IIMM Delhi and its programs, please visit www.iimmdelhi.com

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Nima Sulaiman joins HiLITE Group Board, her father gifts her a Porsche

Nima expressed her gratitude for the opportunity and her eagerness to contribute to the group’s success.

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In a move signalling a generational shift in leadership and a commitment to empowering women in the business world, Nima Sulaiman, the daughter of HiLITE Group Chairman P. Sulaiman, has been welcomed onto the board of directors with a stunning gesture—a Porsche worth Rs 3 crore.

At just 18, Nima began her journey with HiLITE Group as a customer service trainee at Hug a Mug Cafe. From there, she transitioned to management roles, showcasing her talent and dedication. With a B.Sc in Economics from the University of London in Singapore, Nima brings a unique blend of academic prowess and practical experience to her new position.

As the Director of HiLITE Urban, a subsidiary of HiLITE Group, Nima is poised to continue the company’s legacy of excellence in construction and development. With a focus on providing quality living spaces and international standards in India, HiLITE Group has been instrumental in transforming Kozhikode city with its innovative projects that include premium residential buildings, ultra modern business parks, state-of-the-art malls and world-class entertainment theaters.

Group Chairman P. Sulaiman expressed his sentiments regarding his daughter’s recent appointment within the Group. He said, “I am immensely proud of Nima’s accomplishments and firmly believe that she is capable to take on greater responsiblities. HiLITE Group has always shed light on the significance of acknowledging and empowering women in leadership positions.” He further emphasised, “The emotional intelligence that women bring to the table is pivotal for fostering effective leadership and establishing trust.”

Nima, in turn, expressed her gratitude for the opportunity and her eagerness to contribute to the group’s success. “Inspired by my experiences visiting renowned malls worldwide, I strive to enrich the atmosphere of HiLITE malls and other projects, infusing them with vibrancy and youthfulness,” she said.

The appointment of Nima Sulaiman to the board of directors represents a significant milestone for HiLITE Group and a testament to the company’s commitment to innovation and inclusivity in the business world. As Nima takes on her new role, she stands as a beacon of inspiration for young women entrepreneurs in South India and beyond.

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