India-UAE Bolster Strategic Ties with New Collaborative Ventures
India and UAE are enhancing their economic partnership by developing joint infrastructure projects in third countries, focusing on sectors like mining and housing. The nations will also expand trade in textiles, fisheries, and pharmaceuticals, asserting a support-driven relationship rather than competition.
- Country:
- United Arab Emirates
In a move to deepen economic ties, India and the UAE are poised to jointly develop infrastructure projects in third countries. Union Minister Piyush Goyal highlighted this strategic collaboration at the 13th UAE-India High-Level Joint Task Force on Investments meeting, held in Abu Dhabi.
Goyal emphasized the absence of competition between the nations, remarking on a unique support system aimed at mutual growth. The partnership will leverage India's technological expertise and skilled workforce alongside the UAE's substantial investment prowess.
Highlighting sectors like mining and housing, the initiative is set to create expansive opportunities for both countries. Additionally, the partners have identified textiles, fisheries, and pharmaceuticals as focal areas for trade expansion, further cementing their Comprehensive Strategic Partnership.
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