A new business council has been launched between India and the UAE to promote trade and investment between the two countries
India and the UAE aim to boost bilateral trade to USD 100 billion and attract USD 75 billion in investments from the UAE.
For the first anniversary of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), the two sides have launched a UAE chapter of their joint business chamber.
In February last year, India and the United Arab Emirates (UAE) signed a CEPA to boost trade relations following a virtual summit between Prime Minister Modi and Crown Prince Mohammed bin Zayed Al Nahyan.
In the presence of the UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, the UAE India Business Council – UAE Chapter (UIBC-UC), Consul General of India in Dubai Aman Puri, and founding members of the UBIC-UC, the UIBC-UC was launched on Saturday.
The two nations aim to increase bilateral trade to USD 100 billion and attract USD 75 billion in investments from the UAE.
To maximize the potential of the UAE-India relationship, the UIBC-UC will play a crucial role in supporting both governments.
It will serve as a valuable source of policy guidance, fostering innovative collaboration between Emirati and Indian businesses by leveraging the strong bond between the two nations.
The UAE Chapter of the UAE India Business Council marks a significant moment in the deepening of the UAE-India relationship, said Minister Zeyoudi.
The Council will also play a critical role in supporting the two governments’ joint mission to boost bilateral trade and investment. He expressed his optimism that it will spur creative cooperation between our two powerful nations.