Upgraded 28 September 2026 at 15:59 IST
The UAE has actually currently invested USD 25 billion in India and is the nation’s seventh-largest source of foreign direct financial investment, Goyal stated. The 2 sides are working towards an ultimate UAE financial investment target of USD 100 billion in India.
New Delhi: The UAE is set to step up financial investments in India, with another USD 25 billion in financial investment intent in the future, while both nations are targeting to double bilateral trade to USD 200 billion by 2032, Union Commerce and Industry Minister Piyush Goyal stated.
Speaking after the 14th conference of the India-UAE High-Level Joint Task Force on Investments, Goyal stated the 2 nations would deepen cooperation throughout sectors consisting of ports, shipbuilding, area, food security, logistics, fintech, expert system and emerging innovations.
The UAE has actually currently invested USD 25 billion in India and is the nation’s seventh-largest source of foreign direct financial investment, Goyal stated. The 2 sides are working towards an ultimate UAE financial investment target of USD 100 billion in India.
The minister stated the India-UAE Comprehensive Economic Partnership Agreement (CEPA), which is now 4 years of ages, has actually assisted double bilateral trade to USD 100 billion. The nations have actually set an enthusiastic target of doubling this additional to USD 200 billion by 2032.
On the financial investment pipeline, Goyal stated the UAE was taking a look at chances in ports, shipbuilding, area, Indian start-ups and the nation’s stock exchange. He stated India provided stability and predictability at a time when the worldwide economy was dealing with geopolitical stress.
The 2 nations likewise prepare to develop working groups covering 6 locations in the shipping sector– ship ownership, advancement of contemporary ports, ship production, repair work and upkeep, ship breaking and container production.
Goyal stated India would require to double its port capability over the next years to support the nation’s development, with the UAE anticipated to be a crucial financier in brand-new and broadened ports. He mentioned jobs consisting of Vadhavan in Maharashtra and port advancement along India’s eastern and western coasts as locations using scope for cooperation.
On exports, Goyal stated India had actually taped USD 863 billion in items and services exports in 2015 and has actually set a target of reaching USD 1 trillion this year. He stated product exports had actually increased by more than 15 percent in the very first 6 months of the Financial year 2026-27 till September 21.
He likewise stated India and the UAE were checking out higher cooperation in energy security, consisting of tactical petroleum reserves and the possibility of UAE ending up being a bigger source of LPG and LNG for India.