0 mn
Indian expatriate$ 0 bn
Cumulative FDI inflows0 mn
Indians visited$ 0 bn
In remittance receivedThe UAE India Business Council (UIBC) is the Official Joint Business Chamber set up under the patronage of India’s Ministry of External Affairs and the UAE’s Ministry of Foreign Affairs and International Cooperation to catalyse innovative economic collaboration between the two nations.
The UIBC-UC was established on 18 February 2023, coinciding with the first anniversary of the signing of the historical Comprehensive Economic Partnership Agreement (CEPA), whose influence the Council strives to amplify. The UAE’s Hon. Minister of State for Foreign Trade H.E. Dr. Thani bin Ahmed Al Zeyoudi launched UIBC-UC in the presence of Ambassador of India to the UAE Mr. Sunjay Sudhir, Consul General of India in Dubai Dr. Aman Puri (2020-2023) and UIBC-UC’s founding members.
The UIBC-UC is committed to ushering in a new era of collaboration by leveraging its unparalleled network of 19 Founding Members that represent the top Indian and Emirati business organisations. UIBC-UC as a consortium represents more USD 1+ trillion in assets under management, thus standing at the forefront of fostering dynamic partnerships that will shape the economic trajectory of India and the UAE.
Building on the rich history of close economic ties between the UAE and India, UIBC-UC focuses on identifying opportunities for significant strategic projects that businesses in both countries can undertake. This includes investments in large infrastructure projects, manufacturing, technology, hybrid renewable energy projects, IT, tourism infrastructure, shipping, and enabling Indian businesses to leverage the UAE as a base for their global expansion.
Ultimately, UIBC-UC envisions to play a vital role in assisting both governments in realising CEPA's objectives of elevating bilateral Non-oil Trade to USD 100 billion and garnering USD 75 billion in investments from the UAE to India by 2030.
Since 3000 B.C, the UAE and India have celebrated a long and rich history of close economic, cultural, and social ties. Early trade dynamics were traditionally dominated by pearls, dates, and fishes and the landscape subsequently shifted to oil following its discovery in the 1960s. Here is a glimpse of the historic milestones between the two nations.
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UAE India Business Council UAE Chapter (UIBC-UC). 702, 7th Floor, DIFC - Gate Building, East - DIFC - Dubai.