Page 94 - MOE ENGLISH PR REPORT - JANUARY 2025

H.E. Bin Touq holds meeting with Tamil Nadu's Industries Minister

to discuss means to enhance economic cooperation

41,600 new Indian economic licenses issued in UAE in 2024, highlights the
Minister of Economy

UAE – January xx 2025: H.E. Abdulla bin Touq Al Marri, Minister of Economy, held a meeting
with Dr. T.R.B. Rajaa, Minister for Industries, Investment Promotion and Commerce in the
Government of Tamil Nadu, India, to explore the means to strengthen cooperation across a wide
range of sectors of mutual interest. These include the new economy, tourism, entrepreneurship,
small and medium-sized enterprises (SMEs), transport and fintech. The meeting took place on the
sidelines of the 55th Annual Meeting of the World Economic Forum (Davos 2025), which was
held under the theme ‘Collaboration in the Intelligent Age.’
H.E. Bin Touq emphasized that the UAE-India relations continue to grow across various fields,
especially on the economic and investment fronts, with the support of both leaderships. H.E. noted
that the two countries share many commonalities in their vision for development and expansion in
the sectors of the new and sustainable economy.

H.E. said: "The growing economic cooperation between the two countries is creating significant
opportunities and capabilities for both Emirati and Indian private sectors. In 2024, over 41,600
new Indian economic licenses were issued in the UAE, taking the total number of Indian economic
licenses in the country to over 247,000 by the year-end, spanning a wide range of economic and
commercial activities. Additionally, India remains one of the largest tourism source markets for
the UAE, with over two million Indian tourists visiting annually. It underscores the depth and
vitality of economic ties between the two nations."

The meeting explored new ways to enhance dialogue between the UAE and Indian business
communities and promote the development of projects in diverse economic sectors. H.E. Bin Touq
also elaborated on the competitive advantages offered by the business environment in the UAE,
and how Indian investors can leverage them - particularly in areas such as logistics services - and
the economic incentives available for establishing diverse commercial activities.

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