Team Blitz India
Director of the CEPA Council Ahmed Aljneibi said on April 23 that collaborations in sectors like aviation, fintech, edtech, health-tech, and clean energy tech are set to guide the growth path of the UAE and India in the coming years.
The UAE-India Comprehensive Economic Partnership Agreement (CEPA) Council (UICC) was established during the Vibrant Gujarat Summit in January, aligning with the commencement of the CEPA between the two countries in May 2022.
Aljneibi said that with leading startup hubs having deep technology prowess, the two countries’ digital economies are also gaining tremendously from the CEPA. Indian firms are already leveraging the UAE’s robust 5G infrastructure and logistics networks for extending digital solutions across the region. “Partnerships in fintech, edtech, health-tech and clean energy tech will undoubtedly drive the next chapter of the UAE and India’s shared growth story,” he said.
Optimising air, sea, and digital connectivity could further elevate trade relations between the two countries, Aljneibi said.
He called for a visionary approach to aviation cooperation, urging the full liberalisation of bilateral aviation partnerships under the CEPA framework to maximise economic benefits for both nations.
The UAE holds the position of India’s third-largest trading partner, trailing only China and the US. This status underscores the significant economic relationship between the two nations. Notably, bilateral trade between India and the UAE has seen a remarkable upswing, escalating from USD 72.9 billion to USD 84.5 billion between 2021-2022 and 2022-2023, marking a substantial 16 percent increase. This surge highlights the growing commercial ties and mutual economic benefits derived from the partnership between India and the UAE, reflecting positively on both countries’ economies and trade dynamics.
