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UAE eyes Gujarat: Food, Energy, Chips Investment Boost
23 Jul
Summary
- UAE plans increased investment in Gujarat's food security.
- Energy, logistics, and semiconductors are key focus areas.
- Comprehensive Economic Partnership Agreement deepens economic ties.
The United Arab Emirates intends to increase its investments in Gujarat, particularly in the vital sectors of food security and energy. Future collaboration is also being explored in logistics and semiconductors, further deepening the robust economic relationship between the UAE and India.
UAE Minister of Economy and Tourism Abdulla Bin Touq Al Marri highlighted energy as a significant area for cooperation, especially with the global shift towards cleaner power sources. He emphasized that food security remains a priority, noting India's substantial contribution to the UAE's food imports.
Gujarat Chief Minister Bhupendra Patel encouraged UAE businesses to explore investment prospects in the state. He underscored that the Comprehensive Economic Partnership Agreement (CEPA) has been instrumental in elevating bilateral economic ties, making the UAE India's third-largest trading partner.
