Page 295 - MOE ENGLISH PR REPORT

Page 295 - MOE ENGLISH PR REPORT - JULY 2024

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7/29/24, 3:40 PM H.E. Bin Touq discusses ways to enhance cooperation in new economy, tourism, entrepreneurship and transport sectors

During another meeting with Mr. Dheeraj Hinduja, Chairman of Ashok Leyland, a leading Indian
company in vehicle manufacturing and assembly, and the fourth-largest bus manufacturer in the world,
the company presented its expansion plans in the UAE market before H.E. the Minister of Economy.

Trade and Investment Cooperation between UAE and India

The UAE’s FDI in the Indian markets cover several vital economic sectors, most notably renewable

energy, software, IT services, and automotive manufacturing. The non-oil trade exchange between the
two countries is also witnessing continuous growth, with the total value of non-oil trade between the two
sides exceeding USD 53.5 billion in 2023, a growth rate of 3.9 per cent compared to 2022.

For further information, please contact:

Orient Planet Group (OPG)
Tel: +971 4 4562888
Email: media@orientplanet.com
Website: www.orientplanet.com