SME Times is powered by   
Search News
Just in:   • Equity indices break two-day losing streak on value buying  • IMF urges Sri Lanka to tighten monetary policy  • Global semiconductor sales to reach $676 bn this year: Gartner  • Tinna Rubber hits upper circuit, investors accumulate 900% returns in year  • Availability of jobs in Japan improves for 1st time in 3 yrs 
Last updated: 27 Sep, 2014  

India.UAE.9.Thmb.jpg 'UAE, India bilateral trade likely to exceed $75 bn'

India.UAE.9.jpg
   Top Stories
» Net direct tax collection reaches highest-ever figure in FY 22
» Musk has to manufacture here to sell Tesla cars in India: Gadkari
» Round tripping of industrial inputs by large players unfavourable to local value chains
» Sitharaman engages investors in Silicon Valley
» Modi hails India's success in achieving target of $400 billion of exports
SME Times News Bureau | 16 Aug, 2013
Trade and investment between India and the United Arab Emirates (UAE) is likely to exceed $75 billion in 2013, India's ambassador to the UAE M.K. Lokesh said Thursday.

"Trade and investments will continue to be the engine that will drive the bilateral relations. Bilateral trade, which reached the level of $75 billion last year, is expected to increase further during the current year," the ambassador said in a statement to Dubai-based newspaper The Gulf News.

"Since the formation of the UAE, India's interests in the country have multiplied. Currently, the UAE is India's largest trading partner, a major oil supplier and a significant investor," Lokesh said in his Independence Day message.

The bilateral relationship between the two countries will get a boost by the visit of India's Prime Minister Manmohan Singh later this year, which is in the pipeline, Lokesh said. He, however, added that details of the visit are not available as yet.

As the second fastest growing economy in the world, India is one of the most attractive destinations for foreign direct investments (FDI) in Asia. With a cumulative foreign direct investment (FDI) inflow of $2.3 billion to India, the UAE ranks 10th among the top investing countries.

Indian companies also invest in the UAE. Major Indian companies have made sizeable investments in principal sectors of the UAE economy including construction, power, health and wellness, engineering, consulting and infrastructure.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Apr, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter