Tripathi: Investment cooperation with Kuwait

The Ambassador of the Republic of India to Kuwait, Paramita Tripathi, confirmed that the Indian economy achieved growth of 7.8 percent during the first quarter of the fiscal year 2026-2027, considering this performance as a reflection of India’s sustained economic momentum despite the challenges facing the global economy, alongside the growth of exports and India’s strengthened integration into global trade.

Tripathi stated, during a press conference held by the Indian Embassy in Kuwait as part of the “India-Kuwait Media Connect” initiative, that India is witnessing rapid developments in the fields of economy, science and technology, and space exploration. She pointed to progress in quantum communication technologies and the development of local artificial intelligence chips, as well as continued work on the Gaganyaan crewed spaceflight program and next-generation launch vehicle technologies.

She added that India’s achievements in international sports, along with its outstanding performance in global skills competitions, reflect the diversity of areas in which the country is making progress.

Regarding economic cooperation between Kuwait and India, the Ambassador clarified that her recent discussions with Kuwaiti Minister of Finance Dr. Yaqoub Al-Rafai covered investment opportunities and the economic challenges facing world countries amid regional and international developments. She noted that the meeting featured extensive discussions involving a team of officials, highlighting that investment cooperation between the two countries is making steady progress, with existing investments spanning the private sector and sovereign wealth funds.

She emphasized that infrastructure, logistics, and food industries represent promising areas for enhancing investment cooperation, explaining that both sides are exchanging information and expertise regarding available opportunities, with discussions continuing through joint cooperation mechanisms. She added that identifying investment opportunities and building partnerships require continued dialogue and coordination between the relevant authorities in both countries, expressing her satisfaction with the current trajectory of cooperation and her anticipation of expanding it in the coming phase.

In the context of commemorating the 65th anniversary of diplomatic relations between Kuwait and India, Tripathi revealed a program of upcoming joint events and activities during January and February next year. This includes a diplomatic photo exhibition documenting the history of bilateral relations, alongside plans to organize a large-scale concert and an Indian food festival in collaboration with partners in Kuwait.

She explained that both sides intend to organize events highlighting the depth of the historical relations between the two countries and the diversity of cooperation areas, noting that discussions are underway regarding the exchange of visits, although final dates for high-level visits related to this occasion have not yet been determined.

She also noted that the Indian Embassy is preparing to celebrate India’s National Day on January 26, as well as to organize economic events related to the Indian budget in early February, prior to the onset of Ramadan.

The Ambassador outlined some of the key international events India will host in the near future, foremost among them the Renewable Energy Summit and Exhibition in New Delhi from November 2 to 5, and the 31st Commerce and Industry Partnership Summit on November 12 and 13, with the participation of business officials, entrepreneurs, and investors from various countries.

A film festival, as noted, highlighted the organization of the 57th edition of the International Film Festival of India in Goa, scheduled from November 20 to 28, urging Kuwaiti media professionals to participate in covering its events, and pointing out the extension of the media registration deadline. It also touched upon Aero India, the air and defense exhibition set to take place from February 8 to 12, 2027, with participation from specialized defense industry companies and institutions from around the world, as well as the upcoming Vibran Gujarat investment summit, scheduled from January 10 to 12, and the Prasari Bharatiya Diaspora conference dedicated to the Indian diaspora, to be held in Kolkata from January 8 to 10, 2027. It emphasized the importance of these events in showcasing the economic, technological, and cultural opportunities offered by India, and in strengthening engagement with international partners.