UAE looking to invest in India’s high-tech areas, says Goyal

admin — Sat, 20 Sep 2025 01:08:00 +0000

Union Minister of Commerce and Industry Piyush Goyal addresses the Indian People’s Forum Business Connect event in Dubai.
| Photo Credit: PTI

Union Minister of Commerce and Industry, Piyush Goyal, on Friday (September 19, 2025) said the United Arab Emirates (UAE) is investing deeply in high-tech areas, and India could be looking at collaboration in the sector.

Mr. Goyal was addressing the media after rounding up a series of high-level meetings with top officials, industry leaders, and the Indian community in the UAE during his two-day visit.

“The UAE has also become a hub which attracts investments from around the world,” Mr. Goyal said, adding that the country attracts businesses from around the world to look at the UAE as a hub of activity for Africa, Middle East, and Central Europe.

“India would like to leverage on that hub that the UAE has been successful in creating,” he said.

Mr. Goyal, whose delegation included 75 industry captains, said that India is looking to grow investments rapidly.

On resetting investment targets, Mr. Goyal said while the UAE is already among the top five or six countries that invests in India, he sensed a much larger investment flow. “Investors in the UAE are smart enough to recognise that India is an opportunity not to be missed.”

“We will be looking at much larger pools of capital, both FDI, and FII,” Mr. Goyal added.

He also said that the proposed Bharat Mart project will give small businesses the opportunity to become large exporters. “Already more than 9,000 companies have shown an interest to come to Bharat Mart,” he said.

Mr. Goyal said that data centres and technology are the UAE investors’ focus areas. “There was a lot of interest in the banking sector and in our start-ups. There was interest of potential investors in logistics ecosystem in India.

Published – September 20, 2025 06:38 am IST

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UAE looking to expand scope of trade under CEPA with India: official

admin — Thu, 30 May 2024 12:38:13 +0000

Feryal Ahmadi, the Chief Operating Officer of the Dubai Multi-Commodities Centre (DMCC). Photo: Dubai Multi-Commodities Centre/dmcc.ae

The United Arab Emirates is looking to expand the scope of trade and services covered under the Comprehensive Economic Partnership Agreement (CEPA) with India to further accelerate bilateral trading volume, a senior UAE official said on May 30.

India and the UAE signed the historic CEPA on February 18, 2022, to further boost bilateral trade and economic ties.

Feryal Ahmadi, the Chief Operating Officer of the Dubai Multi-Commodities Centre (DMCC), said that the UAE is looking at agri-commodity potential and working on adding other sectors including critical minerals under the CEPA.

Emphasising the importance of India as the largest trading partner for the Emirates, she said, “We are absolutely looking at agri-commodity potential and working on adding other sectors including critical minerals under CEPA.” Ms. Ahmadi also underlined the growing importance of other Free Trade Agreements and trade corridors, including the potential of the India-Middle East-Europe Economic Corridor.

She sees more and more countries working on bilateral free trade agreements and regionalization of trading among countries.

She presented a DMCC report, “The Future of Trade”, in Singapore today, in which the UAE-India CEPA trade growth was highlighted.

“These have undeniable trade benefits, reducing tariff and trade barriers while increasing inter-regional market access.” As a case in point, countries in the Gulf Cooperation Council such as the UAE have expanded bilateral ties, particularly with Asian nations —India, Indonesia, Israel, Turkey and Cambodia.

Currently, there are 26 FTAs in progress, according to the report.

Countries like the UAE and ASEAN member states are poised to benefit from their geopolitical neutrality and diverse trade relationships, said the report.

“Governments should foster partnerships and trade agreements with these powers to facilitate increased trade flows and investment opportunities,” the report suggested.

“By leveraging their strategic geographic locations and trade-friendly policies, they can serve as key hubs for regional trade and economic integration,” the report stated.

On regionalisation, the report sees new centres of gravity forming in Asia — around ASEAN, China and India — as well as North America.

“This is bolstered by relatively new multilateral agreements with commitments to reduce tariffs, create a common market and boost regional trade,” said the report.

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India UAE relations – Artifex.News

UAE looking to invest in India’s high-tech areas, says Goyal

UAE looking to expand scope of trade under CEPA with India: official