In a move aimed at deepening bilateral trade and investment ties, the Federation of UAE Chambers of Commerce and Industry (FCCI) hosted a high-level meeting in Dubai with a visiting Indian delegation led by Madhya Pradesh Chief Minister Dr. Mohan Yadav. The discussion centered on boosting economic cooperation between FCCI and Madhya Pradesh across various sectors, including manufacturing, textiles, and automobiles.
The meeting highlighted the increasing collaboration between the UAE and Indian states to promote private-sector engagement, particularly through platforms such as the Arab-Indian Chamber of Commerce, Industry, and Agriculture. Both sides emphasised the need to stimulate joint investments and elevate trade exchange through sectoral collaboration.
Manufacturing, Textiles, and Automotive Sector in Focus
During the session, senior officials from both sides exchanged views on increasing cross-border business collaboration, particularly in key industries where Madhya Pradesh has strategic strengths and the UAE offers high demand and investment potential.
Humaid Mohammed bin Salem, Secretary-General of the FCCI, called the UAE “a fertile destination for investment,” citing its world-class infrastructure, modern legal framework, and investor-friendly environment. He encouraged Indian firms to explore emerging opportunities in the UAE and engage directly with Emirati companies for mutually beneficial partnerships.
Proposed MoU to Cement Institutional Ties
One of the key takeaways from the meeting was the proposal to sign a Memorandum of Understanding (MoU) between the FCCI and the Madhya Pradesh Development Authority. The MoU aims to formalize cooperation channels, promote knowledge exchange, and establish institutional frameworks that facilitate the ease of doing business between the two parties.
The agreement is expected to cover collaborative initiatives in investment promotion, SME support, and innovation transfer, aligning with the UAE’s broader economic diversification goals under initiatives like We the UAE 2031 and Madhya Pradesh’s industrial expansion strategy.
India-UAE Bilateral Synergies Growing
The dialogue occurs at a time of increasing economic engagement between India and the UAE, bolstered by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022. Since the agreement, bilateral trade has surged, and multiple Indian states have been engaging directly with Emirati institutions to tap into the UAE’s regional gateway status.
Officials noted that the FCCI remains committed to supporting joint forums, investor delegations, and networking platforms to enhance business-to-business collaboration between Indian and UAE enterprises.
The meeting concluded with mutual assurances to expedite actionable outcomes and maintain regular follow-ups to ensure sustained momentum in FCCI Madhya Pradesh economic cooperation.
–Input WAM
