Abu Dhabi Chamber signs trade pact with FICCI in Mumbai

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the Federation of Indian Chambers of Commerce and Industry (FICCI) have signed a cooperation agreement on October 8, establishing a framework for trade, investment, and private-sector links between companies in the UAE and India. The agreement was signed at the India-UAE Business Forum in Mumbai, with 114 firms from each country participating.

The event was organized by the ADCCI, with FICCI acting as the host partner. Both sides will form joint working groups on clean energy, smart industry, Industry 4.0, investment and capital markets, and SME and startup financing. They will also exchange trade delegations, business visits, and share market research, technical expertise, and training to help startups reach incubation and acceleration programs in various sectors.

Dr. Ali bin Harmal Al Dhaheri, First Vice Chairman of ADCCI, emphasized the importance of the agreement in bringing business communities closer together and providing companies with greater access to information, connections, and opportunities. Vikramjit Singh Sahney, a FICCI National Executive Member and Rajya Sabha MP, highlighted the potential for unlocking new partnerships and investment opportunities in high-growth sectors and leveraging FICCI's extensive network to connect UAE businesses with opportunities across India.

Bilateral trade between the UAE and India reached $101.25 billion in FY2025-26, with both governments aiming to reach $200 billion by 2032. The UAE-India Comprehensive Economic Partnership Agreement (CEPA) came into force in May 2022, enhancing private-sector investment and collaboration. As of August 2026, over 21,085 Indian companies were registered with the ADCCI in Abu Dhabi, with new registrations growing at a compound annual rate of 44.6% between 2020 and 2025.