Partnerships in sectors such as aviation, fintech, edtech, health-tech and clean energy tech will drive the UAE and India's growth story in the coming years, CEPA Council Director Ahmed Aljneibi said on Tuesday.
The UAE-India CEPA Council (UICC) was launched on the sidelines of the Vibrant Gujarat Summit in January. The two countries implemented the Comprehensive Economic Partnership Agreement (CEPA) in May 2022. He also said there is a huge potential to improve air transportation and air cargo links between the two nations.
"Partnerships in fintech, edtech, health-tech and clean energy tech will undoubtedly drive the next chapter of the UAE and India's shared growth story," Aljneibi said, adding that leading startup hubs with deep technology prowess, the two countries' digital economies are also gaining tremendously from the CEPA.
Indian firms are leveraging UAE's 5G infrastructure and logistics networks to offer digital solutions across the region, he added. The UAE is India's thirdlargest trading partner behind China and the US, respectively.
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