Page 303 - MOE ENGLISH PR REPORT - JULY 2024

7/29/24, 3:41 PM Latest News
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.

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