CEPA fuels India-UAE trade growth to $ 84 bn in FY23: DPIIT secretary

New Delhi, May 10 (KNN) The Comprehensive Economic Partnership Agreement (CEPA) has transformed the India-UAE relations with bilateral trade growing at around 20 per cent and touching an all-time high of around USD 84 billion during FY 2022-23, said Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh.

He was addressing the business gathering at the B2B event organised by the Gems and Jewellery Export Promotion Council (GJEPC) in Dubai.

Singh along Juma Mohammed Al-Kait, Assistant Undersecretary for International Trade, Ministry of Economy, United Arab Emirates and Sunjay Sudhir, Ambassador of India to the UAE, inaugurated the International Jewellery Exposition Centre in Dubai on May 9.

Around 100 companies from India and UAE, including representatives from Export Promotion Councils (EPCs) from India, participated in the event, the commerce and industry ministry said in a statement.

“Singh had also held one-on-one meetings with senior representatives of Abu Dhabi Investment Authority and Mubadala Investment Company – sovereign wealth funds of the UAE,” an official statement said.

The two-day visit to the UAE of the Indian delegation led by the DPIIT secretary concluded on May 9.  (KNN Bureau)