Dubai, United Arab Emirates — Apparel Group and Appcorp Holdings International are proud to announce that Mr. Nilesh Ved, Chairman of Appcorp Holdings International, Chairman of Quora Properties, and owner of Apparel Group, has been appointed Chairman of the UAE-India Business Council - UAE Chapter, in a landmark appointment that marks a new phase in the journey of one of the most important bilateral trade platforms in the region .

This leadership transition took place on the sidelines of the closed meeting of the UAE-India Business Council – UAE Chapter, which celebrated the UAE’s resilience and the UAE-India growth story, held in Dubai. The event was graced by the presence of His Excellency Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, His Excellency Dr. Deepak Mittal, Ambassador of India to the UAE, and His Excellency Satish Kumar Sivan, Consul General of India in Dubai and the Northern Emirates, along with a distinguished group of senior decision-makers, ambassadors, and business leaders from the UAE, India, and the wider international community .

Mr. Ved takes over the chairmanship of the council from its founding chairman, Mr. Faisal Kotikollon, who played a pivotal role in shaping the journey of the UAE-India Business Council - UAE Chapter since its inception, thus opening a new leadership phase focused on deepening bilateral dialogue, opening up strategic investment prospects, and strengthening the established UAE-India partnership .

This appointment comes at a pivotal moment as the UAE-India Economic Corridor is witnessing remarkable acceleration towards the shared goal of $200 billion in bilateral trade, under the momentum provided by the Comprehensive Economic Partnership Agreement and ongoing interaction at the highest governmental levels, including the recent visit of Indian Prime Minister Narendra Modi to the UAE .

This appointment reflects a natural extension of Mr. Ved’s growing presence on the regional economic scene, as he participated as a key trade speaker in the inaugural Arab Economic Leadership Dialogue, organized by the Arab Council at the Federation of Indian Chambers of Commerce and Industry, where he contributed strategic perspectives on trade, investment, innovation and entrepreneurship, alongside His Excellency Abdullah bin Touq Al Marri, UAE Minister of Economy and Tourism, and His Excellency Dr. Deepak Mittal, India’s Ambassador to the UAE .

Mr. Nilesh Ved said: “The relationship between the UAE and India is one of the most dynamic and important economic partnerships in the world today, and from this perspective, I am honored to lead the UAE-India Business Council - UAE Chapter at this pivotal moment. I look forward to working alongside the Board and members to deepen cooperation, stimulate targeted investment, and contribute to realizing the full potential of this partnership .”

Mr. Fede's deep regional experience is evident in his leadership of a business group spanning 14 countries, employing over 27,000 people, operating more than 2,500 stores, and representing over 85 international and local brands across sectors including fashion, food and beverage, e-commerce, logistics, real estate, healthcare, fitness, and manufacturing. His membership on the board of directors of the Dubai International Chamber of Commerce and his receipt of the Lifetime Achievement Award from the Retail Leaders Circle in Riyadh in 2025 further solidify his position as one of the leading business figures in the GCC region .

As part of his chairmanship of the council, the UAE-India Business Council – UAE Chapter launched a series of specialized research initiatives, including improving the utilization of the Comprehensive Economic Partnership Agreement, tourism, investment opportunities in Africa, education-based development, and the growth of the consumption and retail sectors, in a clear indication of a bold and systematic agenda that outlines the next phase of the council’s journey .

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