Implementation of the comprehensive free trade agreement between India and the UAE would help boost the country's exports and creation of lakhs of jobs, according to exporters.
The CEPA signed between India and UAE on Friday will lead to opening doors to new opportunities for trade and investments between two countries and benefit SMEs and startups, FICCI said on Saturday.
The comprehensive free trade agreement signed between India and the UAE would help two-way commerce reach the USD 100 billion mark in over five years, Commerce and Industry Minister Piyush Goyal said
India and UAE have collaborated closely during the Covid pandemic in critical areas of healthcare and food security
The United Arab Emirates and India will sign a trade and investment agreement on Friday during a virtual summit attended by the countries' two leaders, the UAE and Indian local media said.
Exporters body FIEO today said huge business opportunities exist in the UAE for domestic textile and apparel sector. It said a 112-member business delegation from the sector is participating in the 'International Apparel & Textile Fair' (November 1-3) in Dubai. India is UAE's largest trading partner and export to the Emirates in 2016 touched USD 32 billion, FIEO (Federation of Indian Export Organisations) said in a statement. A Sakthivel, Regional Chairman, FIEO Southern Region said India and the UAE need to work together in textile segment to promote trade of high quality products. It also said India earns around 27 per cent of the foreign exchange from export of textiles. The sector contributes about 14 per cent of the total industrial production of India. The sector employs over 35 million people directly and accounts for 21 per cent of the total employment generated in the economy, it added.