Page 114 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

CEPA is a framework of collaboration that can, with proper coordination and support, drive new
growth opportunities and accelerate diversification goals of both countries. Action is already
evident. In January, interest in the UAE pavilion at the Vibrant Gujarat Global Summit in
Gandhinagar was palpable, as was the desire from delegates to leverage the CEPA’s provisions.

At nearby Kandla, UAE ports operator DP World has entered a $500 mn deal to build and operate a
new container terminal that will improve access to global markets for northwest India’s
manufacturing and agriculture sectors. Abu Dhabi Investment Authority, the UAE’s largest sovereign
wealth fund, has now announced plans to set up an office in Gujarat. The state will also be home to
the first of the UAE’s $2 bn chain of proposed food parks.

https://economictimes.indiatimes.com/news/economy/foreign-trade/uae-india-sails-catch-trade-
winds/printarticle/113210954.cms#google_vignette