MUMBAI, Sep 19: 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(
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