In honor of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India, the UAE Ministry of Economy held a special event on May 8th, Monday, at the National Exhibition Center in Abu Dhabi, during the annual Investment Meeting (AIM).
The conference, themed “CEPA Beyond Trade,” emphasized the beneficial benefits of the agreement during the past 12 months on economic and cultural exchange between the two old partners. Thani bin Ahmed Al Zeoudi, UAE Minister of State for Foreign Trade, and Rajesh Kumar Singh, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), jointly launched the occasion.
Singh stressed in his address how the historic India-UAE CEPA, which was negotiated in only 88 days, has played a significant role in the development of bilateral economic relations between the two countries.
He inaugurated the Kerala Pavilion during the annual event as a part of the CEPA celebrations. Meetings were held with the senior executives of the Abu Dhabi Investment Authority as well as Mubadala, the largest UAE investor in India.
He praised the increase in investments from the UAE into India and asked both companies to look into new areas for investment in India, particularly in the digital and renewable sectors. The UAE is now India’s seventh-largest investor, with an estimated 18 billion dollars in investments.
