Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan have charted a course for India-UAE trade to hit $200 billion by 2032, as revealed in their New Delhi joint statement. Doubling from the current $100 billion in FY 2024-25, this goal celebrates the post-CEPA boom since 2022.
Endorsing recent dialogues—the 13th Task Force, 16th Commission, and 5th Strategic talks—leaders pushed MSME linkages through India Mart, Virtual Corridor, and India-Africa Bridge to penetrate Middle East, Africa, and Eurasian markets.
The 2024 Investment Treaty was lauded for spurring sector-wide investments. UAE’s prospective role in Dholera envisions cutting-edge assets: airport, training academy, MRO, port, townships, rail links, and energy setups.
Building on NIIF success, Modi called UAE wealth funds to the 2026 infrastructure fund. GIFT City’s global stature grows with DP World and FAB outposts, linking India to broader regional finance.
Food security cooperation was reaffirmed as vital, stressing sustainable chains, PPP-driven agriculture, tech, and knowledge flows. Energy highlights included the landmark HPCL-ADNOC 10-year LNG supply from 2028 at 0.5 MTPA.
Nuclear ambitions span advanced reactors, SMRs, systems, ops, and safety collaboration. Payment platforms will integrate for efficient cross-border finance. Space efforts target commercialization via joint ventures, missions, services, skills, startups, and funding.
AI, innovation, supercomputing clusters, and Indian data centers mark expanded S&T ties. This multifaceted framework promises mutual growth, innovation, and geopolitical strength.