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SBI to take part in Arab Asia Business Partnership Summit 2014

Dubai: The State Bank of India (SBI) will participate at a summit in Bahrain aimed at strengthening trade and industrial business related banking requirements between Indian and the Gulf Cooperation Council (GCC).The theme of the
sbi to take part in arab asia business...
PTI 08 Dec 2014, 14:55:10 PM IST

Dubai: The State Bank of India (SBI) will participate at a summit in Bahrain aimed at strengthening trade and industrial business related banking requirements between Indian and the Gulf Cooperation Council (GCC).

The theme of the event scheduled from December 9-12, is ‘Reinventing Regional Markets', which has been organised in collaboration with the Confederation of Indian Industry (CII).

“We are extremely happy to be participating at the Arab Asia Business partnership summit, and will be there at the Bahrain pavilion of the summit,” Susim Das, Chief Executive Officer, State Bank of India, Bahrain, said.

It is expected to attract participants from more than 12 countries, including ministerial delegations from Sudan and Bangladesh.

“This will be a strong opportunity for us to bridge the gulf between potential investors and prospective business developers,” Das said.

“The objective of the summit is to synergise trade and industrial business-related banking requirements between India and the GCC,” he said.

“SBI's presence at the summit will strengthen the ties between investors and potential traders in the Indian and the Gulf markets,” said Shaikha Noora, the Chairperson of the Arab-Asia Business Partnership Summit.

“The summit's goal is to create opportunities for regional businesses to share insights and forge cross-border partnerships across the entire Arab-Asian region,” said Roy Mathew, Executive Director of the Summit.

SBI, Bahrain, was established in January 1977 as an Offshore Banking Unit, to synergise trade and industrial business-related banking requirements between Indian and the Gulf. It is now named as the Wholesale Banking Branch.

Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE are member states of GCC markets.

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