The Task Force was established in 2013 to promote trade, investment and economic ties

Union Commerce and Industry Minister Piyush Goyal and Member of the Executive Council of the Emirate of Abu Dhabi Sheikh Hamed bin Zayed Al Nahyan will co-chair the11th India-UAE High Level Task Force on Investments (HLTFI) later this week. 

The meting will be held during Goyal's two-day visit to the United Arab Emirates (UAE) on October 5-6, 2023, India's Ministry of Commerce and Industry announced on Wednesday (October 4, 2023).

The two delegations will discuss issues and challenges related to existing investments made by UAE companies in India as well as investments made by Indian Companies in UAE. 

This will be the first meeting after the two sides celebrated one year of the signing of the India–UAE Comprehensive Economic Partnership Agreement (CEPA).

The meeting will also review the outcomes achieved through the work of the Joint Task Force to date. The two sides will continue exploring ways to facilitate investment in areas of mutual interest with the potential for economic growth.

Additionally, Union Minister Goyal will hold bilateral meetings to enhance general trade, investment matters and areas of cooperation for strengthening India–UAE ties. He will also interact with potential investors from the UAE. 

The Joint Task Force was established in 2013 as a key forum to promote trade, investment and economic ties between the UAE and India. Over the years, HLTFI has emerged as an effective platform for addressing key constraints that companies from either side may face, the Ministry of Commerce and Industry said. 


In February 2022, India became the first country with which the UAE signed a Comprehensive Economic Partnership Agreement (CEPA). Bilateral trade has increased by approximately 15% since the entry into force of the CEPA on May 1, 2022.

India-UAE bilateral trade rose to about USD 85 billion in 2022-2023, making the UAE India’s third-largest trading partner for the year and India's second-largest export destination. India is the UAE’s second largest trading partner.

The first Joint Committee (JC) meeting of the Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates, which was held in New Delhi on June 12, 2023.

During the discussions, the two sides agreed to more than double the trade in non-petroleum products from the current USD 48 million to USD 100 billion by 2030.

On July 15, 2023, Prime Minister Narendra Modi and UAE President and Abu Dhabi Ruler Sheikh Mohamed bin Zayed Al Nahyan met over delegation level and one-on-one talks in Abu Dhabi.

During their meeting, the two leaders held wide ranging discussions covering various dimensions of the bilateral partnership, including trade & investment, fintech, energy, renewables, climate action, higher education and people to people ties.