UAE-India partnership opens doors to investment opportunities for 3.8 billion people, says Al Marri

UAE-India partnership opens doors to investment opportunities for 3.8 billion people, says Al Marri

Abu Dhabi: The UAE-India partnership is a driver for economic growth that creates trade and investment opportunities for over 3.8 billion people, Abdulla bin Touq Al Marri, UAE Minister of Economy said on Thursday. Al Marri made the statement on the sidelines of the annual Confederation of Indian Industry (CII) conference 2023 held in New Delhi. “The two countries are accelerating efforts, hand in hand, to develop our economies and adopt plans, strategies, and initiatives that support our visions for expansion and investment in the new economy sectors,” he said. “Through this important economic event, we look forward to enhancing bilateral trade with India in the fields of technology, digital payments, innovation, green energy, healthcare, communication, logistics, transport, waste management, and space technology.” The non-oil foreign trade between the two countries grew by 24.7 per cent in Q1-2023 compared to the same period in 2022. Apart from that, the UAE’s non-oil exports to Indian markets grew by 33 per cent, while trade amounted to about Dh180 billion, up 10 per cent from 2021. “The two countries’ economies were among the fastest growing in the world in 2022, characterized by a fast pace of economic growth,” said Al Marri. The UAE