UAE signals another $25 billion investment in India; eyes ports, energy and space sectors: Goyal
India and the UAE have set a target of doubling bilateral trade to $200 billion by 2032 after trade reached around $100 billion. The target was agreed by the two countries earlier this year.
The United Arab Emirates has announced plans to invest an additional $25 billion in India, as both countries aim to deepen cooperation across various sectors including ports, shipbuilding, energy security, space technology, and financial services. Speaking after co-chairing the 14th India-UAE High-Level Joint Task Force on Investments, Union Commerce and Industry Minister Piyush Goyal stated that the UAE has already invested around $25 billion in India and has a goal of increasing its investments to $100 billion in the long term.
The discussions covered a range of topics including investments, trade facilitation, taxation, logistics, energy, market access, and financial cooperation, with an emphasis on addressing investor concerns and implementing the Comprehensive Economic Partnership Agreement (CEPA).
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