Piyush Goyal holds talks with UAE Economy Minister to deepen trade, investment and tourism ties
New Delhi, July 20
Union Commerce and Industry Minister Piyush Goyal held a meeting with United Arab Emirates Minister of Economy and Tourism Abdulla bin Touq Al Marri and the accompanying delegation, with discussions focused on further strengthening bilateral cooperation across trade, investment, tourism and connectivity.
Sharing details of the meeting in a post on social media platform X, Goyal said the two sides discussed avenues to deepen the India-UAE partnership while reaffirming their commitment to creating new opportunities for businesses and strengthening economic ties.
"Had a productive meeting with Mr. Abdulla bin Touq Al Marri, Minister of Economy and Tourism of the United Arab Emirates, along with the accompanying delegation," Goyal said.
"We discussed avenues to further strengthen the India-UAE partnership across trade, investment, tourism and connectivity, while reaffirming our shared commitment to unlocking new opportunities for businesses, enhancing people-to-people ties and advancing our strategic economic partnership," he said
The meeting comes as India and the UAE continue to expand their economic partnership across several sectors, with bilateral trade, investment flows and business-to-business engagement forming key pillars of the relationship.
The UAE is among India's important trading and investment partners in the Gulf region. Cooperation between the two countries has expanded beyond traditional areas of trade to include logistics, infrastructure, technology, financial services, energy, manufacturing and tourism.
The two sides have also been working to improve connectivity and facilitate greater movement of people, goods and capital. Enhanced cooperation in tourism is expected to further strengthen people-to-people ties and support the services sector.
Goyal's meeting with Al Marri assumes significance as India and the UAE seek to build on the momentum in their strategic economic partnership and identify new avenues for private sector collaboration.
The discussions are expected to support efforts to facilitate business opportunities, encourage investment and deepen cooperation in areas that can contribute to economic growth in both countries.
The meeting also reaffirmed the shared focus on expanding the partnership beyond existing areas of cooperation and unlocking new opportunities for businesses, while strengthening the broader strategic relationship between India and the UAE.
— ANI
Reader Comments
Finally some good news for the travel industry! UAE is a favorite holiday destination for many Indians, and these connectivity improvements will make it even easier. More flights and better visa processes would be a game changer! ✈️🇮🇳🇦🇪
Great to see the focus on technology and financial services this time. The UAE has world-class infrastructure and we can learn a lot from them in these areas. But I hope our farmers and local manufacturers also get a fair deal in these trade agreements.
As someone who works in the logistics sector, this is promising news. The India-UAE corridor has massive potential for trade routes. More connectivity means faster movement of goods, which is crucial for our supply chain. Good to see the government pushing for this.
Wonderful! The UAE has always been a true friend of India. I remember when they helped during the COVID crisis. Now strengthening ties in energy and manufacturing is a wise move. Hope this translates into more job opportunities for skilled Indians working there.
Respectfully, while these talks sound good on paper, I hope we actually see concrete results on the ground. Many previous MOUs with Gulf nations haven't translated into real benefits for common Indians. Let's wait and watch before celebrating too much.
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