Outbound investment from India to the Middle East is gathering pace. What are the trends and where is the activity? Rebecca Abraham investigates
Lawyers in the Gulf states, and the Middle East in general, speak of an upswing in India-related transactions. While some say this is on account of a renewed interest in India following the change in government, others such as Jayshree Gupta, a Dubai-based partner at Baker & McKenzie Habib Al Mulla, say it is due to outbound investment from India.
“A lot of companies know they cannot expand in India and are looking outward,” says Gupta, who adds that Indian companies “are looking at or using Dubai” as a hub for their growing Africa business.
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