UAE Firms Keen To Invest In Indian Infra, Startups & Logistics Sectors: Goyal

Dubai- The UAE companies are looking at multiple sectors, such as infrastructure, data centres, banking, startups and logistics, in India to increase their investments, Commerce and Industry Minister Piyush Goyal said on Friday.

He said that the two countries have reset their targets and are actively working to increase investments rapidly in different sectors, and enhance collaborations in areas such as renewable energy, shipbuilding, retail, and pharmaceuticals.

Infrastructure is one of the major sectors where they (UAE) can see huge potential. There was a lot of interest in the banking sector and startups. The interest of potential investors is also in the logistics ecosystem in India and green energy. The UAE is keen to look at investments, Goyal told reporters here.

The minister was here for the 13th India-UAE High-Level Joint Task Force on Investments. The two-day visit concluded on September 19. He was leading a 75-member business delegation.

There are many ways through which India can increase collaborations with companies in the UAE, he said, adding the UAE's strength in investments is unparalleled.

Now the UAE is also investing deeply in high-tech areas, so we could even be looking at serious collaborations in technology sectors, he said.

He added that bankers are finding it increasingly attractive to expand their operations in India.

One banker who met me is very keen to set up a new operation in GIFT city, he said, adding, while the UAE is already among the top 5-6 investors in India, my sense is that we can look at a much larger investment flow given the work that has happened in India.

MENAFN20092025000215011059ID1110087618