Sheikh Hamdan Meets Piyush Goyal in Mumbai Visit

Photo: Dubai Government Media Office

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, visited Mumbai, India, on an official trip. He met with Mr. Piyush Goyal, India’s Minister of Commerce and Industry. Sheikh Hamdan is also the Deputy Prime Minister and Minister of Defence of the UAE. The purpose of this meeting was to make the partnership between the UAE and India even stronger, especially in economic areas.

During the meeting, both leaders spoke about working together in many important sectors. These included trade, energy, investments, manufacturing, transport, technology, and healthcare. These are all key areas in the economic relationship between the two countries.

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Sheikh Hamdan said that India and the UAE share more than just strong business connections. They also share a big dream for the future. He added that this partnership is built on trust, new ideas, and a shared goal to create strong economies that help both nations grow and improve the lives of their people.

Both sides talked about how they can build on the success of two important agreements: the Comprehensive Economic Partnership Agreement (CEPA) and the Bilateral Investment Treaty (BIT). These agreements help make trade and investment between the two countries smoother, safer, and more open.

They also discussed ways to increase the flow of investments and improve trade. This includes building better infrastructure for transporting goods and linking digital trade systems between the two countries. They believe these steps will help both countries grow economically and create more jobs and business opportunities.

The leaders also discussed working together in digital areas like online payments, smart logistics, and advanced technologies. They showed interest in using artificial intelligence (AI) and other new technologies to build modern and future-ready economies.

Sheikh Hamdan praised India’s growing economy and its success in using digital technology to bring progress and make sure growth includes everyone.

He also said the UAE is fully committed to making its relationship with India even stronger. This partnership will not only help both countries grow but also support the wider global economy.

In 2024, non-oil trade between the UAE and India grew by 20.5%. It reached more than AED 240 billion, up from AED 199.3 billion in 2023. This rise shows the strong bond between the two nations and the big opportunities for trade and investment in the future. The CEPA agreement signed in 2022 aims to increase non-oil trade between the two countries to $100 billion by the year 2030.

Several other important UAE leaders joined Sheikh Hamdan at the meeting, including:

• Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman of Emirates Airline

• Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs

• Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation

• Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs

• Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications

• Dr. Abdulnasser Jamal Al Shaali, UAE Ambassador to India

This visit shows the strong friendship between India and the UAE and their shared goal of working together for a better future.