AMN / MUMBAI
In a bid to further strengthen economic and business ties between India and the UAE, the Indian government on Monday has announced the opening of an Invest India office in Dubai. This decision was revealed during the 12th Meeting of the India-UAE High Level Joint Task Force on Investments (HLJTFI), co-chaired by Piyush Goyal, Minister of Commerce & Industry, and Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA).
The new office will serve as a dedicated point of contact for potential investors from the UAE seeking opportunities in India, marking a strategic expansion for Invest India, which currently has its only other overseas office in Singapore.
Goyal highlighted that this initiative reflects India’s commitment to facilitating investment flows and enhancing cooperation with the UAE. The meeting underscored the existing robust economic relationship, bolstered by the recently ratified India-UAE Bilateral Investment Treaty and the Comprehensive Economic Partnership Agreement (CEPA), which has led to a significant increase in bilateral trade.
The office is expected to play a crucial role in attracting investments in various sectors, including renewable energy, pharmaceuticals, and artificial intelligence, as both nations continue to explore new avenues for collaboration.
As India and the UAE aim to deepen their economic partnership, the establishment of the Invest India office is seen as a vital step toward fostering a more integrated and dynamic business environment for investors on both sides.