Business EconomyPosted at: Sep 19 2025 4:48PM


ICC and IBPC Kuwait sign MoU to strengthen India-Kuwait business ties

Mumbai, Sep 19 (UNI) The Indian Chamber of Commerce (ICC) and the Indian Business and Professional Council (IBPC), Kuwait, have signed a landmark Memorandum of Understanding (MoU) to enhance bilateral cooperation, foster investment opportunities, and facilitate business partnerships between India and Kuwait at ICC Global Business Summit 2025 here.
The MoU outlines a framework to deepen collaboration in areas such as trade promotion, investment facilitation, technology transfer, consultancy services, and organisation of business delegations and events.
It also emphasises joint efforts to encourage exhibitions, Buyer-Seller Meets, seminars, and workshops to strengthen economic and professional ties between the two countries.
ICC president and managing director, Jindal Stainless, Abhyuday Jindal, said, “India and Kuwait have shared long-standing economic and cultural ties, and this MoU marks a new chapter in strengthening that partnership. By bringing together businesses, professionals, and institutions from both sides, this step paves the way for further opportunities in trade, investment, and innovation. ICC is committed to facilitating meaningful collaborations that will benefit enterprises and contribute to the economic growth of both nations.”
Echoing this sentiment, Kaizar T. Shakir, chairman, Indian Business and Professional Council (IBPC), Kuwait, added, “This MoU reflects our shared vision to build stronger economic bridges between India and Kuwait. By fostering dialogue, knowledge sharing, and business linkages, we aim to support entrepreneurs and investors in exploring emerging sectors and forging sustainable partnerships. IBPC Kuwait looks forward to working closely with ICC in realising these goals and advancing bilateral economic cooperation.”
This MoU is expected to open up new avenues of collaboration in priority sectors such as infrastructure, energy, technology, healthcare, and professional services.
By creating a structured framework for dialogue and partnership, it will enable Indian and Kuwaiti enterprises to jointly explore investment opportunities, share expertise, and strengthen market access.
The agreement not only reinforces the deep-rooted ties between India and Kuwait but also paves the way for future-ready business partnerships that can drive sustainable growth, innovation and prosperity for both economies.
UNI PC VAN AKT
Please log in to get detailed story.
Tags: #ICC and IBPC Kuwait sign MoU to strengthen India-Kuwait business ties
More News

08 Nov 2025 | 2:16 AM

Hyderabad, Nov 7 (UNI) With India’s MedTech industry valued at USD14 billion, expected to grow at 14 per cent annually, Venugopala Rao Sankineni, Vice President – Medical Devices Policy & Investments, Telangana Lifesciences, Government of Telangana, on Friday pointed out that 70% of medical devices are still imported, underscoring the need for domestic manufacturing.

see more..

Credit card spend increased 23 pc in September to Rs 2 17 lakh crore

08 Nov 2025 | 1:04 AM

Chennai, Nov 7 (UNI) The swiping of credit cards for spending increased by 23 percent in September 2025 year-on-year (y-o-y) and by 13 percent sequentially to Rs 2.17 lakh crore, said credit rating agency CARE Ratings.

see more..

Partners Group completes acquisition of Infinity Fincorp

08 Nov 2025 | 12:26 AM

Chennai, Nov 7 (UNI) Non-banking finance company (NBFC) Infinity Fincorp Solutions, focused on India’s micro, small, and medium enterprises (MSME) sector, on Friday announced the completion of its acquisition by Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients as a majority investor.

see more..

'Each country entitled to its right share of tax' says official while urging for appropriate policies

07 Nov 2025 | 8:39 PM

New Delhi, Nov 7 (UNI) Raman chopra, principal chief commissioner of Income Tax, said on Friday that each country is entitled to its right share of tax in respect of every international transaction.

see more..

Kottayam-Kochi Rubber Market Rates

07 Nov 2025 | 7:31 PM

Kottayam Nov 7 (UNI) Following were the Rubber Market rates announced by the Rubber
Board here today per quintal.

see more..