H.E. Abdulla bin Touq Al Marri, Minister of Economic system and Tourism, right this moment held a high-level assembly with H.E. H. D. Kumaraswamy, Indian Minister of Metal and Heavy Industries, and his accompanying delegation on the Ministry of Economic system headquarters in Dubai.
The assembly centered on strengthening bilateral collaboration throughout key financial and industrial sectors, with a specific emphasis on the brand new economic system, logistic transportation, superior know-how, manufacturing and meals industries.
H.E. Bin Touq underscored deep-rooted and strategic partnership between the UAE and India, noting the shared dedication of the management to increasing cooperation in new economic system sectors. “The 2 nations get pleasure from a decades-long historical past of financial collaboration constructed on shared pursuits, and a standard imaginative and prescient for sustainable progress,” H.E. stated.
H.E. additional highlighted important areas of alignment in each international locations’ improvement methods, together with the round economic system, superior manufacturing, tourism, healthcare, entrepreneurship, innovation, and know-how.
H.E. Bin Touq stated, “Financial collaboration between the UAE and India continues to strengthen, with notable progress in enterprise actions. Within the first half of 2025 alone, 22,415 new Indian corporations entered the UAE market, a rise of over 10 per cent in comparison with the identical interval in 2024. By the tip of June 2025, the full variety of Indian corporations working within the UAE reached 264,687. Through the assembly, we mentioned methods to reinforce communication between enterprise communities of the 2 international locations and to encourage the institution of various ventures throughout very important financial sectors.”
H.E. famous that the UAE has an adaptable and aggressive legislative and financial surroundings that stimulates industrial investments internationally. The manufacturing sector contributed 13.5 per cent to the UAE’s non-oil GDP in 2024, rating because the second on the listing of financial actions contributing most to the non-oil GDP of the nationwide economic system. Moreover, the overseas direct funding (FDI) on this very important sector reached roughly AED 40 billion (USD 10.9 billion) by the tip of 2022, representing 7 per cent of the nation’s whole FDI inflows.
The assembly additionally explored the important thing enablers and aggressive benefits of the UAE’s enterprise surroundings for Indian corporations, together with methods to maximise these advantages. Among the many highlighted strengths had been the UAE’s strategic location connecting East with West, its complete financial partnerships, superior infrastructure, various logistics providers, and tax incentives that encourage the institution of various financial and funding actions.
Either side emphasised the significance of enhancing collaboration between the private and non-private sectors to facilitate the alternate of experience and finest practices, geared toward adopting newest applied sciences throughout sectors associated to the brand new economic system. This helps the constructing of a knowledge-based, technology-driven economic system and fosters sustainable financial improvement.