Dubai, UAE: Nilesh Ved, Chairman of AppCorp Holding Global, Chairman of KORA Properties and Owner of Apparel Group has been appointed as the Chairman of UAE-India Business Council UAE Chapter, a major move towards strengthening business and investment cooperation between the UAE and India.
The appointment is a recognition of Ved’s growing role in UAE–India economic diplomacy, and comes at a time when the two countries are seeking to deepen trade, investment and strategic partnerships across key sectors.
New Leadership for UAE–India Business Relations
Nilesh Ved takes over the chairmanship from Founding Chairman Faizal Kottikollon, who played a key role in shaping the UAE–India Business Council UAE Chapter since its establishment.
Under Ved’s leadership, the council is expected to focus on expanding bilateral business dialogue, unlocking new investment opportunities, and supporting the wider economic partnership between the UAE and India.
The leadership transition took place during the UIBC-UC Closed-Door Gathering in Dubai, which celebrated the UAE’s resilience and the India–UAE growth story. The event brought together senior government officials, diplomats, policymakers, and business leaders from the UAE, India, and the global business community.
UAE–India Economic Corridor Gains Momentum
Nilesh Ved’s appointment comes during a period of strong growth in UAE–India relations. The two countries continue to build on the momentum created by the Comprehensive Economic Partnership Agreement, also known as CEPA.
The UAE and India are working toward a shared target of USD 200 billion in bilateral trade, supported by increasing cooperation in trade, investment, logistics, retail, technology, tourism, and other high-growth sectors.
This growing economic corridor is especially important for businesses operating in UAE free zones, which continue to serve as major gateways for Indian companies expanding into the Middle East, Africa, and global markets.
Nilesh Ved’s Business Experience
Nilesh Ved brings extensive regional and international business experience to the UAE–India Business Council UAE Chapter. His business portfolio covers 14 countries and includes more than 27,000 employees, over 2,500 stores and more than 85 international and homegrown brands.
His business interests cover fashion, food and beverage, e-commerce, logistics, real estate, healthcare, fitness, and production.
Ved’s appointment also reflects his strong reputation in the GCC business community. He has served on the Dubai International Chamber’s Board of Directors and received the Retail Leaders Circle Lifetime Achievement Award in Riyadh in 2025.
Focus on Investment, CEPA, Tourism and Retail Growth
Under Ved’s chairmanship, the UAE–India Business Council UAE Chapter has launched a series of research-led initiatives. These programs aim to support the next phase of bilateral cooperation.
The initiatives will focus on CEPA optimisation, tourism, and investment opportunities in Africa. They will also support education-led development, consumer growth, and retail sector expansion.
The council’s agenda aims to give UAE and Indian businesses a stronger platform. It will help them identify new opportunities, build partnerships, and benefit from growing trade ties between the two countries.
Nilesh Ved’s work is also relevant to companies operating in UAE free zones. These zones play a key role in supporting India-linked trade and investment.
Supporting Business Growth Through UAE Free Zones
The UAE’s free zones offer global investors business-friendly regulations, strong logistics infrastructure, tax advantages, and strategic market access. They also provide connections to regional and global markets. For Indian entrepreneurs and companies, free zones remain an attractive base for expanding operations in the UAE and beyond.
The UAE–India economic partnership continues to grow. As a result, business councils such as UIBC-UC are expected to play a larger role. They help connect investors, policymakers, and private-sector leaders.
A Stronger Future for UAE–India Business Cooperation
Commenting on his appointment, Nilesh Ved described the UAE–India relationship as one of the world’s most dynamic economic partnerships. He said he is honored to lead the UAE–India Business Council UAE Chapter. He also said he looks forward to working with the board and members to deepen collaboration and encourage investment.
Ved’s appointment marks a new phase for the UAE–India Business Council UAE Chapter. The chapter will focus on strategic cooperation, investment growth, and long-term economic ties between the two countries.
For UAE free zone companies, investors, and entrepreneurs, the development signals continued momentum. It also highlights the strength of one of the region’s most important bilateral business relationships.
