(Andreas Rentz/Getty Images – for illustrative purposes only) Dubai-based Abraaj Group and ENGIE, a multinational utility company, announced…
India and UAE have fortified their bilateral trade relations, which have been advanced by the frequent visits by leaders from both countries, in a short span of 3 years to discuss the future of trade and investments.
It is evident that both countries are acquiring a strong foothold in terms of contributing to the global economy and establishing their authority. Bilateral trade between UAE and India amounted to about USD 53 billion in 2016-17, according to a report prepared by Export Genius. Both the countries have decided to increase trade by 60% over the next five years. India is considered to be the UAE’s primary trade partner, accounting for about 9.8% of its total non-oil trade. It is also the largest importer of products from the UAE, buying about 14.9% of the country’s total exports and about 8.7% of its re-exports. Economists are expecting that the trade between India and the UAE is likely to hit USD 100 billion by 2020.
The UAE-India Economic Forum represents a new dawn in the multifaceted economic relationship between the amicable countries. The vision of US$ 100 billion in bilateral trade by 2020 can only be achieved with sustained efforts to constantly engage the key stakeholders, government authorities and investors in a dialogue which strengthens their faith in the establishment and the governments of the two countries—something that the forum has been successfully doing for the past three years.
UIEF is the definitive platform to discuss and evaluate India’s economic story.
Honouring government leaders and businessmen who made a mark for themselves and contributed to the growing economies of both countries
Key ministry officials from India and UAE come together to discuss and deliberate the steps needed to foster relations
A special session focused on startups, which includes all the key stakeholders such as government leaders, investors and startups making a wave
Met someone you would like to have a discussion with in private? Specially designed booths for one-on-one networking and business discussion sessions
Showcasing the investment opportunities that various industries and sectors in both countries have to offer
Opportunity to showcase the investment opportunities that are available in various regions of both the countries