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7/9/25, 5:00 PM UAE and India explore avenues for enhancing economic and industrial collaboration during the upcoming stage
Abu Dhabi: H.E. Abdulla bin Touq Al Marri, Minister of Economy and Tourism, today held a high-level
meeting with H.E. H. D. Kumaraswamy, Indian Minister of Steel and Heavy Industries, and his
accompanying delegation at the Ministry of Economy headquarters in Dubai.

The meeting focused on strengthening bilateral collaboration across key economic and industrial

sectors, with a particular emphasis on the new economy, logistic transportation, advanced technology,
manufacturing and food industries.

H.E. Bin Touq underscored deep-rooted and strategic partnership between the UAE and India, noting
the shared commitment of the leadership to expanding cooperation in new economy sectors. “The two

nations enjoy a decades-long history of economic collaboration built on shared interests, and a common
vision for sustainable growth,” H.E. said.

H.E. further highlighted significant areas of alignment in both countries’ development strategies,
including the circular economy, advanced manufacturing, tourism, healthcare, entrepreneurship,
innovation, and technology.

H.E. Bin Touq said, “Economic collaboration between the UAE and India continues to strengthen, with

notable growth in business activities. In the first half of 2025 alone, 22,415 new Indian companies
entered the UAE market, an increase of over 10 per cent compared to the same period in 2024. By the
end of June 2025, the total number of Indian companies operating in the UAE reached 264,687. During

the meeting, we discussed strategies to enhance communication between business communities of the
two countries and to encourage the establishment of diverse ventures across vital economic sectors.”

H.E. noted that the UAE has an adaptable and competitive legislative and economic environment that
stimulates industrial investments across the world. The manufacturing sector contributed 13.5 per cent
to the UAE’s non-oil GDP in 2024, ranking as the second on the list of economic activities contributing

most to the non-oil GDP of the national economy. Additionally, the foreign direct investment (FDI) in this
vital sector reached approximately AED 40 billion (USD 10.9 billion) by the end of 2022, representing 7
per cent of the country’s total FDI inflows.

The meeting also explored the key enablers and competitive advantages of the UAE’s business

environment for Indian companies, along with strategies to maximize these benefits. Among the
highlighted strengths were the UAE’s strategic location connecting East with West, its comprehensive
economic partnerships, advanced infrastructure, diverse logistics services, and tax incentives that
encourage the establishment of diverse economic and investment activities.

Both sides emphasized the importance of enhancing collaboration between the public and private

sectors to facilitate the exchange of expertise and best practices, aimed at adopting latest technologies
across sectors related to the new economy. This supports the building of a knowledge-based,
technology-driven economy and fosters sustainable economic development.

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