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Fostering Bilateral Trade for Greater Prosperity

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UAE-India Business Council’s
UAE Chapter (UIBC-UC) Launched On CEPA’s First Anniversary

Founded on 18 February 2023, coinciding with the inaugural anniversary of the historic Comprehensive Economic Partnership Agreement (CEPA), UIBC-UC is the Official Joint Business Chamber set up by the Indian and UAE Governments to catalyse innovative economic collaboration between the two nations. The Council harnesses a network of 19 founding members representing the top Indian and Emirati business organisations and as a consortium represents USD 1+ trillion in assets under management.

By maximising the potential of the UAE-India trade relationship, UIBC-UC is poised to play a crucial role in supporting both governments in achieving CEPA’s aims of increasing bilateral Non-Oil Trade to USD 100 billion and attracting USD 75 billion in investment from the UAE to India by 2030.

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Impact of One Year of India - UAE CEPA

CEPA Fuelling Growth in India-UAE Bilateral Trade

0 %

INCREASE IN BILATERAL TRADE
(May 22 - Mar 23)

$0 bn

INDIAN EXPORTS TO THE UAE
(May 22 - Mar 23)

$0 bn

UAE-INDIA BILATERAL TRADE
(May 22 - Mar 23)

0 %

ELIMINATION IN TARIFF LINES
BY THE UAE ON INDIAN IMPORTS
speaking of business

Founding Members: Architects of UIBC-UC Vision

Mr. Faizal Kottikollon
Founder & Chairman, KEF Holdings Chairman, UIBC-UC

Mr. Faizal and his wife Shabana fund school modernising project in Jammu and Kashmir.

Mr. Adeeb Ahamed
Managing Director, LuLu Financial Holdings Board Member, UIBC-UC

Mr. Adeeb wins ‘Leading Fintech Personality of the Year Award’ (2023) at GFF.

Mr. Rizwan Soomar
CEO and Managing
Director, DP World
(Middle East, North Africa & India Subcontinent)

Mr. Rizwan comments on the Foreign Trade Policy 2023 moving from ‘Make in India’ to ‘Made in India’.

Mr. Siddharth B
 Executive Chairman,
Buimerc Core Investments Founding Member, UIBC-UC

Mr. Siddharth wins ‘Pravasi Bharatiya Samman Award’ (2023) for his philanthropic activities.

Mr. Nikhil Kamath
Co-Founder, Zerodha Founding Member, UIBC-UC

Mr. Nikhil launches a funding and mentorship programme (WTF Fund) for entrepreneurs aged under 22.
Members in the news
featured media

UIBC-UC: Catalysing
Commerce, Boosting
Investment

read more
18 February, 2023
UIBC-UC Launched on First Anniversary of CEPA
12 June, 2023
India, UAE Looking to Expand Non-Oil Trade to $100 Billion: Hon. Minister Piyush Goyal
22 September, 2023
I2U2 Announces Business Coalition
19 March, 2023
UAE-based EMAAR to Bring 1st FDI Project Worth Rs 500 Cr in Srinagar
7 September, 2023
UAE-based Tabreed to Invest Rs 1,600 Cr in Telangana
14 March, 2023
Indian Startups Eye North Africa Entry Through UAE Trade Pact Platform
17 October, 2023
Uttarakhand CM Meets UIBC-UC Members to Promote Investment in the Indian State

UIBC-UC Members Speak

"The Council’s focus will be to identify significant strategic projects that can be undertaken by both countries. This includes investments in large infrastructure projects in India, advancements in manufacturing and technology, and providing Indian manufacturers with the ability to use the UAE as a base for their global expansion."
Mr. Faizal Kottikollon, Chairman, KEF Holdings, Chairman of UIBC-UC
"I am glad that DP World, as one of India’s significant investors with deep insights into the UAE-India corridor, will be able to add a lot of value in Co-Chairing this important initiative."
Mr. Rizwan Soomar, CEO & MD DP World, Co-Chairman of UIBC-UC
"I am delighted that UIBC-UC has been established. I look forward to working closely with the UIBC-UC and in my role as the Chairman of UIBC (India) and Vice Chair of this body, I will be glad to be the link between the two bodies. We are confident that with the establishment of this entity, our common goal of increasing two-way trade and investment relationships between the two countries will be achieved more effectively."
Major General (Retd.) Sharafuddin Sharaf, Vice Chairman of UIBC-UC
"With a mandate to capitalise on the strengths of UAE and India, the UIBC-UC is poised to achieve this vision with the support of the business community in a fast-moving, digital-savvy world. I convey my best wishes to my fellow founding members and thank the governments on both sides for fostering a healthy & independent environment for the organization to thrive." Read More
Mr. Adeeb Ahamed, Lulu Financial Holdings, Board Member of UIBC-UC
"Our journey with India has been more than just business; it has been a partnership founded on trust, shared values, and a mutual commitment to excellence. Our collaborations have spanned decades, transcending beyond bricks and mortar into realms of culture, innovation, and shared ambitions, reflecting the UAE and India's deep and enduring bonds. As two nations with rich histories and bright futures, Emaar and India's collaboration demonstrates what can be accomplished when we work together with a common goal and passion. We look forward to many more decades of mutual growth and long-term partnerships."
Mr. Amit Jain, Group CEO, Emaar, Founding Member of UIBC-UC
"I firmly believe in the strength and potential of the UAE-India relationship. In this journey, the UAE India Business Council (UIBC), UAE Chapter is set to play a pivotal role by facilitating meaningful connections and fostering strategic alliances for new opportunities, innovation, and strengthen the bond between our two nations."
Mr. Tariq Chauhan, Group CEO, EFS Facilities Services, Founding Member of UIBC-UC
"Tata Group's partnership with the UAE India Business Council is a clear indication of our unwavering commitment to fostering economic cooperation and strengthening bilateral ties between the UAE and India. At Tata Group, we firmly believe in the power of collaboration, innovation, and sustainable practices. As a forward-thinking company we are always open to new ideas and concepts that would leverage the immense potential of this strategic alliance. Together in the future we aim to forge new partnerships and contribute to shaping the future of the vital UAE-India business relationship at all levels."
Mr. Ankur Gupta, Head of Corporate Affairs & Growth (MENA Region), Tata Sons, Board Member of UIBC-UC
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The formation of the UAE-India Business Council - UAE Chapter is a welcome development in strengthening the relationship between UAE and India. The two nations have enjoyed tremendous growth in trade and investment down the years, thanks to the immense goodwill created by leaders of both nations.

As UAE and India embark on a historic path to increase trade volumes to US$ 100 billion, the call for greater cooperation between Emirati and Indian businesses has taken utmost precedence. The success of such a joint effort requires industry representatives from both sides to join hands, engage in meaningful discussions & partnerships, help expand the scope of existing markets and create newer opportunities to drive innovation and growth.

With a mandate to capitalise on the strengths of UAE and India, the UIBC-UC is poised to achieve this vision with the support of the business community in a fast-moving, digital-savvy world.

I convey my best wishes to my fellow founding members and thank the governments on both sides for fostering a healthy & independent environment for the organization to thrive.

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