Businesses urged to explore African, European and Central Asian markets
Commerce and Industry Minister Piyush Goyal have discussed with Hana Al Rostamani, CEO of First Abu Dhabi Bank, Irfan Allana, IFFCO Group and Sharafuddin Sharaf, Sharaf Group as part of his call for companies based in the emirates to enhance their India presence and deepen financial and economic partnerships between businesses of both countries.
He called for strengthening bilateral trade, deepening investment ties, and exploring new avenues of cooperation to further enhance India-UAE relations https://fieo.org/.
He also addressed the UAE–India Business Council (UIBC) Roundtable, which he co-chaired alongside Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, UAE http://commerce.gov.in.
Goyal and Dr Thani also urged businesses to jointly widen their scope and ambition to other regions, such as Africa, Europe and Central Asia https://www.nseindia.com/.
Both leaders expressed deep satisfaction over the ever-growing economic partnership between India and UAE. They highlighted the significant role played by the business community in furthering the relationship between the two countries https://www.bseindia.com/.
There were discussions around exchange of views on enhancing bilateral trade and investment flows, strengthening business partnerships, and identifying new areas of economic collaboration https://sbi.com.in/.
Progress on key cornerstone projects like Bharat Mart and India UAE Friendship Hospital were also discussed and the role they would play in enhancing bilateral trade and investments as well as impact on the wider Indian diaspora in UAE were also outlined, the Commerce and Industry Ministry said on 19 Sept https://www.uaechambers.com/ar/.
During these engagements, the UAE investors shared constructive perspectives on further enhancing the investment environment, including issues related to market access, regulatory processes, and dispute resolution. Matters such as arbitration frameworks and predictability of enforcement were also discussed in a forward-looking manner.
The Minister reiterated India’s commitment to providing a transparent and facilitative business environment, and highlighted the Government’s sustained focus on reforms to strengthen investor confidence.
India’s recent economic performance – recording 7.8% GDP growth in the last quarter (Q1 of FY 2025-26) with inflation remaining under control-was noted as a reflection of both resilience and momentum, positioning India as one of the most attractive global investment destinations https://www.abudhabichamber.ae/en.
The Minister also interacted with representatives of the India People’s Forum, reflecting the continued engagement with the Indian diaspora and its integral role in strengthening the cultural and economic bonds between India and the UAE.
He highlighted the significant contributions made by the Indian diaspora in the UAE and its role in driving economic partnership between both countries Dubai Chambers.
“The UAE is amongst India’s most important strategic partners. Their comprehensive strategic partnership is marked by deep political engagement, strong economic integration through landmark agreements, and collaboration across sectors like energy, defence, technology, and food security,” said the Ministry. Fiinews.com
