India is expected to attract a massive $100 billion in investments from the United Arab Emirates over the coming years, according to Commerce and Industry Minister Piyush Goyal. Speaking after the 12th meeting of the India-UAE High-Level Task Force on Investment in Mumbai, Goyal highlighted that key sectors such as data centers, artificial intelligence (AI), renewable energy, and transmission infrastructure are poised to drive significant interest from UAE investors.
“These initiatives will lead to $100 billion in manufacturing and other forms of investments,” said Goyal, reflecting on the economic partnership between the two nations.
At present, the UAE’s direct equity investments in India stand just under $20 billion, with approximately $3 billion invested during the last fiscal year. The UAE, which is India’s seventh-largest investor, has tripled its annual investments in the country over the last five years.
Strengthening Economic Ties
Goyal emphasized the tremendous progress that has been achieved through the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE. He further noted that both countries are continuously exploring new opportunities for collaboration to enhance bilateral trade and investment.
“The UAE has offered to provide free-of-cost locations to promote investment, trade, technology, and later, tourism between the UAE and India. Invest India, NICDC, and two other agencies will take part in this office, while the UAE will establish a similar office in India, co-located with Invest,” the minister explained.
With strategic sectors like AI and renewable energy gaining global importance, the influx of UAE investments into India is seen as a major boost to the nation’s economic development, further deepening ties between the two nations and fostering growth in cutting-edge industries.
