Minister hails Indian chartered accountants’ role in UAE economy

Minister hails Indian chartered accountants’ role in UAE economy

UAE – Indian chartered accountants are enjoying a fantastic role in UAE’s rising economy, Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for International Commerce, stated.

The minister was talking at a convention titled: Bridging the Hole: Well being and Wealth, organised by the Dubai Chapter of the Institute of Chartered Accountants of India (ICAI), which lately accomplished 40 years in the UAE.

“With more than 3,100 members in ICAI Dubai Chapter who manage 1,550 large businesses in Dubai, are significantly contributing to the growth of our economy,” Al Zeyoudi stated. “Chartered accountants, especially Indian chartered accountants, have now become some of the most successful business leaders in the UAE, who are contributing to the growth of our bilateral trade with India that exceeded $49 billion last year. With the signing of the first Comprehensive Economic Partnership Agreement (Cepa) with India, the two-way trade and investment is going to grow further and I’m sure Indian business community and chartered accountants will play a great role in expanding bilateral economic relations.”

Chartered accountants worldwide comprise 15 institutes with over 1.Eight million chartered accountants and college students in 190 nations.

ICAI has about 351,000 certified chartered accountants primarily based in India and overseas and 200,000 article Assistants. Additional, there are round 750,000 college students enrolled in the chartered accountancy programs supplied by the ICAI in the meanwhile.

Presently the ICAI has its presence in 47 nations, with 45 chapters and 33 consultant workplaces throughout 77 world cities. It has its abroad workplaces in Dubai and Singapore. Of the 8,000 Indian chartered accountants energetic in the UAE’s personal sector, 1,400 are at present main companies as chief monetary officers, in line with Sunjay Sudhir, Indian ambassador to the UAE.

“8,000-strong Indian chartered accountants form the backbone of the UAE economy and being Indian; I’m proud of it,” Sudhir stated. “While more than 4 billion people in the world do not have digital identity, all Indians – more than 1.4 billion Indians now have digital identity. This is the new India. The future is sustainable development, and we are currently heading towards that direction,” he stated.

“We are accelerating our efforts towards a clean and green society. Climate change and global warming can’t be dealt by governments only, it needs individuals to contribute. We have achieved the target of having 40 percent of the energy from non-fossil fuel sources, 9 years ahead of the target.”

The Dubai Chapter of the ICAI has deliberate a roadmap for progress in 2023-24 with sustainable know-how via innovation at its coronary heart.

Asserting the brand new roadmap, Harikishan Rankawat, the newly-elected chairman of the brand new Govt Committee of ICAI Dubai Chapter stated, his organisation has lined up a number of impactful occasions in line with the theme of the 12 months of Sustainability – which is being noticed all through the UAE in 2023. “As you all would be aware that the President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, has declared the theme ‘Sustainability’ for the year 2023. So I also decided to use the same theme for the year “Sustech through Innovation” which implies sustainable applied sciences to be deployed by innovating new concepts. In the course of the 12 months, we will probably be focussing on sustainability, know-how and innovation. Right this moment, we’re saying a brand new roadmap for the subsequent one 12 months. ICAI will organise greater than 40 occasions, together with 4 conferences together with one on sustainability.

Jai Prakash Agarwal, Secretary of the ICAI Dubai Chapter, stated: “Sustainable technology through innovative ideas is the future ahead. To ensure a beautiful world with availability of all necessary resources is handed over to our future generation, we need to innovate and adapt sustainability. Else our actions will be questioned by our future generation. Therefore, Sustech through Innovation is the only way ahead and as ICAI Dubai Chapter, we adapt this theme for the year 2023-24.”

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