CEPA with UAE gave boost to Indian entrepreneurs, says PM Modi

Prime Minister Narendra Modi on Sunday said the Comprehensive Economic Partnership Agreement (CEPA) with the UAE has given a boost to Indian entrepreneurs and also deepened ties with the Gulf country. India and the United Arab Emirates (UAE) inked a CEPA on February 18 last year to boost trade ties following a virtual summit between Prime Minister Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. Tagging a tweet by Commerce and Industries Minister Piyush Goyal in which he shared an article jointly written by UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi and him on one year of CEPA, Modi said the CEPA with the UAE has given a boost to Indian entrepreneurs and has also deepened our ties with UAE.

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, launched the UAE India Business Council - UAE Chapter (UIBC-UC) on February 18, 2023 in Dubai. With a shared goal of increasing bilateral trade to $100 billion and attracting $75 billion in investment from the UAE to India, the UIBC-UC is well positioned to assist the two governments in achieving their goals and realizing the full potential of the UAE - India relationship. The council brings together key partners and stakeholders from both countries and will provide valuable policy guidance while encouraging innovative collaboration between Emirati and Indian businesses. The council is poised to drive beneficial growth by leveraging the two countries' strong bonds, opening up new opportunities for all.