India’s maturing fintech ecosystem attracting UAE-based firms

India’s maturing fintech ecosystem attracting UAE-based firms

Speakers at the India-UAE Partnership summit shed light on how the historic economic agreement and Golden visa pave the way for a growth story

Essa Abdulla Al Ghurair, chairman, Essa Al Ghurair Investment; exchanging views with Sunjay Sudhir, Ambassador of India to the UAE (left); and Yogesh Mehta, CEO, Petrochem, during the Inaugural Plenary – Past, Present and Future at India UAE Partnership Summit held at Dubai Chambers on Tuesday. — Photo by M. Sajjad

Published: Tue 24 Jan 2023, 3:46 PM Last updated: Tue 24 Jan 2023, 3:57 PM

A golden era of entrepreneurship has been ushered in since the last one year, with India’s maturing Fintech ecosystem, attracting UAE-based companies to leverage on the country’s fintech strategy, experts said at a summit on Tuesday.

Companies presenting emerging new models are already seeing traction on the back of the phenomenal India-UAE Comprehensive Economic Partnership Agreement (Cepa) that was signed last year.

Jointly organised by International Business Linkage Forum (IBLF) and Dubai International Chamber, one of the three chambers operating under Dubai Chambers, the India-UAE Partnership summit follows a rise in business interest between the two countries on the back of the Cepa agreement and the announcement of Golden visas in the UAE.

Speaking at the