30 per cent of Dubai startups are Indian-owned. As of 2022, almost 83,000 Indian-owned companies were registered with Dubai Chambers
Dubai Chambers’ CEO Mohammad Ali bin Rashed Lootah said almost 30% of the startup community in Dubai came from India. He added that Indian firms and NRI-owned entities had created over one million jobs in the UAE.
Lootah highlighted that as of 2022, almost 83,000 Indian-owned companies were registered with Dubai Chambers. He added that the Chambers aimed to amplify bilateral opportunities for key sectors and help companies enter new markets and assist international companies, as reported by the Gulf News.
“Bilateral trade between the two countries is set to touch $88 billion in 2022-23. While food and energy securities were the prime focus between the UAE and India traditionally, the Comprehensive Economic Partnership Agreement (CEPA) also focuses on the SME sector.”
— Rajiv Podar, Chairman of IBLF
He was speaking in the wake of the India-UAE Partnership Summit, held in Dubai recently. The summit, inaugurated by Indian Minister of Commerce and Industry Piyush Goyal, aimed to drive economic partnerships between the two countries. It was organised by the International Business Linkage Forum (IBLF) in partnership with Dubai International Chamber. Key sectors in the spotlight were manufacturing and startups, healthcare, agritech, food processing, fintech, and investment.
Rajiv Podar, Chairman of IBLF, said bilateral trade between the two countries is set to touch $88 billion in 2022-23. While food and energy securities were the prime focus between the UAE and India traditionally, the Comprehensive Economic Partnership Agreement (CEPA) also focuses on the SME sector.
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