WETEX 2024
The 26th Water, Energy, Technology, and Environment Exhibition (WETEX) 2024 began at the Dubai World Trade Centre. This major event brings together companies and experts from around the world to showcase new developments in renewable energy, water treatment, and environmental technologies. India has a strong presence this year, with 29 well-known companies participating. The event, was organized by the Dubai Electricity and Water Authority (DEWA).
Importance of Indian Participation
Sunjay Sudhir, the Indian Ambassador to the UAE, highlighted the importance of India being part of WETEX 2024. The Indian companies are presenting technologies and projects focused on promoting a green economy. These projects aim to help achieve the Sustainable Development Goals (SDGs), which focus on areas like clean energy, water conservation, and environmental protection.
UAE-India Economic Relationship
India’s participation in WETEX also reflects the growing economic relationship between India and the UAE. After the Comprehensive Economic Partnership Agreement (CEPA) came into effect in May 2022, trade between the two countries reached $84.5 billion from April 2022 to March 2023. Experts predict that this figure could rise to $100 billion by 2027, showing the strength of the partnership.
Investment Landscape
The UAE is an important investor in India, ranking seventh among foreign investors. In 2023, the UAE invested $18 billion in various sectors in India. This shows how the economic ties between the two countries are becoming even stronger.
Global Importance of WETEX
WETEX 2024 is a globally significant event, with 16 international pavilions from 14 countries. The exhibition focuses on promoting sustainable technologies related to water, energy, and the environment. It serves as a platform where countries and companies can collaborate on solving environmental challenges.
About WETEX 2024
WETEX 2024 is organized by DEWA and brings together more than 1,500 exhibitors from around 50 countries. The exhibition showcases innovations in renewable energy and smart technologies that can improve resource management. It will also feature conferences where experts discuss pressing environmental issues. The event is expected to draw over 20,000 visitors and is key to the UAE’s strategy for promoting sustainability and conserving water.
Month: Current Affairs - October, 2024
Category: Summits and Conferences