In bid to boost trade and investment, UAE ministers to visit India from Wednesday
There is a potential of India-UAE bilateral trade growing to USD 100 billion
A high-level delegation from the UAE will be visiting India from Wednesday to discuss ways to further strengthen bilateral trade and investment ties.
The delegation will be led by UAE's Minister of Economy Abdulla Bin Touq Al Marri and he will be accompanied by Minister of State for Entrepreneurship & SMEs Ahmed Belhouli Al Falasi, the Ministry of Commerce & Industry said on Tuesday.
The delegation would be meeting with Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Piyush Goyal on Wednesday and Friday in New Delhi and Mumbai respectively to discuss bilateral trade and investment relations, the ministry added.
According to the ministry, the visit provides an excellent opportunity to further strengthen the already close and dynamic economic ties between the two countries. The visit also includes interactions with key investors of both sides.
The bilateral trade between two countries stood at US$ 65.1 billion, making UAE India’s 3rd largest trading partner. There is a potential of this trade growing to $ 100 billion.
"India is on an ambitious path to achieve US $ 5 trillion GDP by 2025 and UAE is considered as a valuable partner in India’s journey to realize this goal," the ministry pointed out.
A number of engagements in New Delhi and Mumbai including B2B Events, Industry interactions, Investor meetings and so on are scheduled for the visiting UAE delegation during their stay in India.
A delegation from Oman is already in India to discuss ways to further strengthen bilateral btrade and investment.