Technology ventures emerge as India-UAE trade growth driver
Technology companies, start-ups and financial technology ventures could help lift India-UAE bilateral trade to $200 billion, a diplomat told a Dubai forum, identifying opportunities beyond established trade. Vishnu Vardhan Reddy, Consul General of India in Dubai and the Northern Emirates, said innovation, renewable energy, defence and space technology could contribute to the next phase of…
Technology-driven ventures could potentially propel India-UAE bilateral trade to a staggering $200 billion, according to Vishnu Vardhan Reddy, Consul General of India in Dubai. Speaking at a Dubai forum, Reddy highlighted innovation, renewable energy, defence, and space technology as key sectors poised to contribute to the next phase of economic expansion.
The proposal aligns with both nations' ambition of achieving $200 billion in bilateral trade by 2032; current trade figures already stand at $101.25 billion for the 2025-26 financial year. Reddy emphasized the importance of establishing partnerships to aid emerging enterprises in accessing international markets, asserting that investments in technology businesses could stimulate additional commercial activity and foster connections between UAE capital providers and Indian enterprises.
While the $200 billion figure represents a bilateral merchandise trade goal, not a valuation of technology investments, Reddy's remarks underscored the potential for technology-driven growth in the India-UAE relationship.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
