India-UAE Comprehensive Economic Partnership Agreement (CEPA)

The India-UAE Comprehensive Economic Partnership Agreement (CEPA) has significantly boosted Indian investments in Dubai across various sectors.

Key Sectors of Investment

• Software and IT services
• Consumer products
• Business services
• Food and beverages
• Real estate

These sectors have benefited from the agreement's trade facilitation measures and streamlined regulatory environment.

Growth Areas

• Trading
• Logistics
• Manufacturing

These areas have experienced growth due to tariff reductions and streamlined trade procedures facilitated by CEPA.

Economic Impact

• The CEPA came into effect on May 1, 2022.
• The UAE is India's third-largest trading partner.
• India's goods exports to the UAE in April-February FY25 were $33.23 billion.
• Imports from the UAE amounted to $55.74 billion during the same period.

Potential Areas for Collaboration

• Artificial intelligence
• E-commerce
• Specialized healthcare
• Advanced manufacturing

India's foreign direct investment (FDI) into Dubai reached $4.1 billion in 2020–2024, indicating strong potential for collaboration in these fields.

Dubai’s Investment in India

• Top sectors for investment include transportation and warehousing.
• Business services
• Real estate
• Software and IT services
• Financial services

India's strength and expertise in IT and technology ensure effective synergies between the markets of India and Dubai.