Dubai: UAE companies are exploring multiple sectors in India to boost their investments, Commerce and Industry Minister Piyush Goyal said on Friday. Sectors of interest include infrastructure, data centres, banking, startups, and logistics.
Goyal emphasized that both countries have reset their investment targets and are actively working to accelerate investments across various industries. Collaborations are also being enhanced in areas such as renewable energy, shipbuilding, retail, and pharmaceuticals.
“Infrastructure is one of the major sectors where the UAE sees huge potential. There is considerable interest in the banking sector and startups. Potential investors are keen on the logistics ecosystem and green energy in India,” Goyal told reporters.
The minister was in Dubai to attend the 13th India-UAE High-Level Joint Task Force on Investments. He led a 75-member business delegation during the two-day visit, which concluded on September 19.
Goyal highlighted multiple avenues to increase collaboration between Indian and UAE companies, noting the UAE’s unparalleled strength in investments. “The UAE is also investing deeply in high-tech areas, so we could look at serious collaborations in technology sectors,” he added.
He also noted growing interest from bankers to expand their operations in India. “One banker who met me is very keen to set up a new operation in GIFT City,” Goyal said. He pointed out that while the UAE is already among the top five to six investors in India, there is potential for much larger investment flows, given recent developments.
The UAE recognizes India as a key investment destination. “We expect to see much larger pools of capital coming into India, including both Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII),” the minister said.
Regarding Bharat Mart, Goyal mentioned that the UAE has allocated land for the project and construction is expected to begin soon, with completion targeted by 2027. So far, about 9,000 companies have expressed interest in Bharat Mart.
India has received USD 24 billion in FDI from the UAE between April 2000 and June 2025.
*Disclaimer: This story is based on a syndicated feed. Only the headline has been changed.*
https://www.freepressjournal.in/business/uae-companies-to-pour-investments-into-indias-infrastructure-data-centres-banking-startups-logistics-commerce-industry-minister-goyal
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