Blitz Bureau
NEW DELHI: The UAE is an important partner in India’s growth story, and the partnership stands on the pillars of innovation, investment and sustainable development – set to witness great transformation under the visionary leadership of both sides, Commerce Minister Piyush Goyal said in Abu Dhabi on September 17.
The India-UAE High Level Joint Task Force on Investments discussed a range of trade and investment topics, including ongoing initiatives to enhance bilateral investment flows and new areas of joint cooperation.
Abu Dhabi Investment Authority (ADIA) Managing Director Sheikh Hamed bin Zayed Al Nahyan and Goyal co-chaired the meeting, attended by senior officials from relevant government authorities, investment entities and companies from both countries. Goyal said India has been on a remarkable journey as the world’s fastest-growing large economy and is committed to inclusive, sustainable, and resilient growth.
Sheikh Hamed stated that the trade and investment relationship between the UAE and India continues to grow at an impressive rate, anchored by the dual principles of shared goals and joint success.
“Today’s Joint Task Force meeting included positive progress updates on a number of important initiatives and also raised new areas for future cooperation. Through the ongoing commitment of the Joint Task Force delegations, this forum will continue to play a key role in broadening and deepening the economic partnership between the UAE and India,” he said. The Joint Task Force was established in 2013 as a key forum for strengthening economic ties between India and the UAE.
Since its formation, it has provided an effective mechanism to discuss and promote opportunities and prospects for further investments in India and the UAE, while acting as a forum to resolve issues and challenges faced by investors of the two countries, seeking to bring these matters to a mutually beneficial conclusion. The Co-Chairs recognised the positive momentum of bilateral trade, which continues to build following the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) in May 2022. In the first half of 2025, bilateral nonoil trade reached nearly $38 billion, representing a 34 per cent increase compared to the first half of 2024 and a significant step towards the UAE’s 2030 trade targets.
