DMCC Strengthens UAE-India Trade Ties, Projects USD 100 Billion Bilateral Trade by 2030

April 28, 2025
DMCC Strengthens UAE-India Trade Ties, Projects USD 100 Billion Bilateral Trade by 2030
  • Bin Sulayem emphasized the strengthening ties between the UAE and India, pointing to growth opportunities in strategic sectors such as investment, services, and technology.

  • Following the historic visit of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to India, Bin Sulayem noted that the UAE-India relationship is entering a transformative phase.

  • Bilateral trade between the UAE and India exceeded USD 85 billion in 2024 and is projected to surpass USD 100 billion by 2030, driven by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022.

  • The CEPA has played a crucial role in strengthening trade relations, facilitating the remarkable growth in bilateral trade.

  • DMCC, with over 25,000 member companies, accounts for 15% of Dubai's annual FDI, highlighting its importance as a hub for global business growth and innovation.

  • The global 'Made For Trade Live' roadshow organized by DMCC aims to enhance collaboration with key international markets, significantly contributing to Dubai's foreign direct investment (FDI).

  • DMCC recently hosted events that brought together business leaders and officials to explore trade opportunities, reinforcing Dubai's role as a pivotal platform for Indian global expansion.

  • In collaboration with the Confederation of Indian Industry and the Federation of Telangana Chambers of Commerce and Industry, DMCC highlighted strategies for Indian companies to optimize their operations and tap into rapidly growing markets.

  • In the past year, DMCC reported a 7% increase in Indian companies, with 260 new members joining, bringing the total to nearly 4,000 Indian firms in its district.

  • Indian companies now represent 16% of DMCC's total membership, with significant concentrations in sectors such as precious stones, metals, agri-food, and technology.

  • Ahmed Bin Sulayem, DMCC's Executive Chairman, underscored the importance of the UAE-India relationship and its potential for expansion across various sectors, including investment and technology.

Summary based on 5 sources


Get a daily email with more Middle East News stories

Sources


DMCC announces 7percent growth in Indian companies

DMCC announces 7percent growth in Indian companies

DMCC records 7% growth in Indian companies

Dubai Eye 103.8 • Apr 28, 2025

DMCC records 7% growth in Indian companies

More Stories