India’s Minster of Commerce said that bilateral trade between the UAE and India will reach a quarter of a trillion dollars by 2030.
Commenting on the recent memorandum of understanding (MoU) signed between the UAE and India, His Excellency Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs and Food and Public Distribution and Textiles of India said: “Beyond trade, there are some unique dimensions to the relationship between India and the UAE.
“You would be amazed by the enthusiasm and bonhomie we have seen since signing the MoU. We are looking at much more ambitious targets – something in the region of USD250 billion in bilateral trade by 2030.”
He identified opportunities in several sectors, between the two countries during the ‘Accelerating the Global Economic Recovery Forum’ held at the World Government Summit (WGS2022).