India-UAE Business Council: A New Chapter in Strengthening Bilateral Trade and Investment

 India and the United Arab Emirates (UAE) have long shared a strategic and economic partnership, with trade and investment forming the backbone of this relationship. Strengthening these ties further, the India-UAE Business Council – UAE Chapter (UIBC-UC) has been launched to facilitate greater economic collaboration, investment opportunities, and trade expansion between the two nations. This initiative is a testament to India's growing influence in global trade and its deepening ties with key economic partners like the UAE.



India-UAE Relations: A Thriving Economic Partnership

Under the leadership of Prime Minister Narendra Modi, India's foreign policy has focused on strengthening economic ties with key global partners, and the UAE has emerged as one of the most significant. The two countries signed the India-UAE Comprehensive Economic Partnership Agreement (CEPA) on February 18, 2022, following a virtual summit between PM Modi and Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi.

This landmark agreement removed trade barriers, reduced tariffs, and opened new opportunities for Indian businesses to expand in the UAE, while also facilitating greater Emirati investment in India. The launch of the UIBC-UC is a direct result of this agreement, ensuring that the bilateral trade relationship continues to flourish.

A Major Boost for India's Economic Growth

The newly established India-UAE Business Council – UAE Chapter (UIBC-UC) was formally launched in the presence of:

  • Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade
  • Sunjay Sudhir, Ambassador of India to the UAE
  • Aman Puri, Consul General of India in Dubai
  • Key Indian and Emirati business leaders

With this initiative, India aims to:

✅ Increase bilateral trade to USD 100 billion
✅ Attract USD 75 billion in investments from the UAE into India

These ambitious targets reflect India's strong economic positioning and the UAE's trust in India as a key global trade and investment destination. The UIBC-UC will serve as a platform for Indian businesses to tap into the UAE market, fostering deeper trade relations.

How This Benefits Indian Businesses

For Indian businesses and entrepreneurs, the launch of the UIBC-UC provides several advantages:

➡️ Easier Market Access: Indian exporters and manufacturers will have streamlined access to UAE markets.
➡️ Increased Investment Opportunities: Indian companies, particularly in technology, infrastructure, and manufacturing, can attract greater Emirati investments.
➡️ Policy Support: The council will provide strategic guidance and recommendations to both governments to improve business environments.
➡️ Stronger Economic Collaboration: It will facilitate joint ventures, partnerships, and cross-border trade.

India-UAE Business Council: Strengthening India’s Global Trade Strategy

India has always viewed the UAE as a crucial economic and strategic partner, and the UIBC-UC will play a major role in deepening this engagement. Minister Thani bin Ahmed Al Zeyoudi acknowledged India's growing role in global trade and economic diplomacy, stating that the Business Council will serve as a catalyst for innovation and investment collaboration.

This move aligns perfectly with India’s global trade ambitions, as the country continues to solidify its position as one of the fastest-growing economies. The UIBC-UC ensures that Indian businesses have a strong foothold in one of the world’s most dynamic trade hubs, the UAE.

Conclusion: A Win-Win for India and the UAE

The launch of the India-UAE Business Council marks a new milestone in India’s economic diplomacy, ensuring that Indian businesses have the right platform to expand, collaborate, and thrive in the UAE.

By leveraging India’s technological expertise, skilled workforce, and growing economy, along with the UAE’s investment potential and global connectivity, both nations stand to benefit significantly from this partnership. India is not just participating in global trade—it is shaping it.

🇮🇳🤝🇦🇪 A stronger India-UAE partnership means a stronger global economy.

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