UAE and India Foster Economic Cooperation, Focus on New Economy and Tourism

-

 UAE and India are exploring investment opportunities in new economy and tourism sectors. The UAE has invested AED 56.5 billion in India by the end of 2022. The UAE Minister of Economy, H.E. Abdulla bin Touq Al Marri, met with Indian Ministers Shri Piyush Goyal and Shri G. Kishan Reddy to discuss strengthening economic and trade cooperation.

The UAE-India relations aim to promote sustainable development and prosperity for their people. They are working to increase non-oil trade and mutual investments in sectors like renewable energy, telecommunications, infrastructure, real estate, and startups. The UAE appreciates India’s G20 presidency and aims to enhance tourism cooperation. Indian visitors to the UAE reached five million in 2022. The Indian private sector is invited to expand through UAE incentives and growth opportunities. India is the UAE’s second largest trade partner, and the countries have a comprehensive economic partnership agreement to enhance bilateral trade and cooperation.

Comments

Post a Comment

Popular posts from this blog

Strengthening Strategic Ties: India and UAE Forge a Path to Prosperity Through CEPA and New Agreements

-
Image
 The recent agreements between India and the UAE under the Comprehensive Economic Partnership Agreement (CEPA) mark a significant leap in the two nations' bilateral relationship. Both countries are poised to see their trade rise from $60 billion to $100 billion over the next five years, a clear indicator of the growing importance of this partnership. The CEPA aims to eliminate duties on over 90% of traded goods, enhancing trade flows and creating a robust economic bridge between two of the most dynamic regions in the world. This partnership is more than just a trade deal; it represents a mutual commitment to deepening strategic ties. The UAE has consistently been a key economic and energy partner for India, and the five new Memoranda of Understanding (MoUs) further underscore the multifaceted nature of this evolving relationship. One of the standout agreements is the MoU on Barakah Nuclear Power Plant Operations. This deal signifies India’s increasing involvement in global civil nu
Read more

UAE and South Korea Forge Strategic Partnerships with New Agreements

-
Image
 The recent signing and exchange of agreements and memoranda between UAE and South Korea mark a significant milestone in strengthening bilateral relations and fostering cooperation in various sectors. On the UAE side, key figures including Dr. Sultan bin Ahmed Al Jaber, Suhail Mohamed Al Mazrouei, and Khaldoon Khalifa Al Mubarak played pivotal roles, reflecting the UAE's commitment to advancing industry, energy, and nuclear technologies. Their counterparts in South Korea, with a broad representation of officials, underscore the importance of this partnership. This collaboration highlights the UAE's strategic focus on enhancing its global partnerships and investing in advanced technologies. The agreements, which span diverse sectors such as energy, infrastructure, and nuclear regulation, not only promise to bolster economic ties but also position both nations at the forefront of innovation and sustainable development. The involvement of high-ranking officials from both countries
Read more

India-UAE Business Forum Paves the Way for Strategic Partnerships and Technological Advancements

-
Image
The India-UAE Business Forum in Mumbai marked a significant milestone in strengthening economic ties between two powerful nations, India and the UAE. Attended by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the event underscored the growing collaboration in various sectors such as technology, agriculture, shipping, and aviation. One of the standout initiatives was the launch of G42’s Hindi large language model, Nanda, which represents a significant leap in integrating AI to serve local communities. By promoting advanced technologies, this collaboration has the potential to transform India’s AI ecosystem and bolster its global standing in tech innovation. Such a move not only enhances technological self-reliance but also underscores the importance of local language models in bridging the digital divide. Moreover, the forum’s agreements, ranging from Lulu Group's efforts to boost organic produce trade to AD Ports Group's virtual trade corridor with India, demonstrate the exp
Read more