Dubai-India Business Forum: A Catalyst for Economic Partnership
Dubai Chambers has recently concluded the highly anticipated Dubai–India Business Forum in Mumbai, marking a significant event coinciding with the visit of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE. This business forum sought to enhance strategic economic opportunities between Dubai and India, drawing over 200 senior officials and investors, including an impressive delegation of 39 business leaders from Dubai.
Strengthening Bilateral Ties
This forum takes on special significance as it occurs three years post the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India on February 18, 2022. This landmark agreement marked the UAE’s inaugural bilateral pact under its CEPA program, bringing renewed momentum to bilateral relations. The CEPA aims to bolster trade and investment ties, setting the stage for a framework that promises substantial economic collaboration.
Exploring New Ventures
The discussions at the forum were rich and varied, with participants exploring how to build on existing trade and investment ties, as well as identifying opportunities for launching new joint ventures. The dialogue revolved around harnessing competitive advantages and economic prospects offered by both markets. This is not just about increasing numbers; it’s about creating long-term relationships that can thrive in an ever-evolving global marketplace.
His Excellency Ahmad bin Byat, Vice Chairman of Dubai Chambers, underscored the deep-rooted relationship shared between Dubai and India, emphasizing the mutual trust and commitment to economic integration. He highlighted that trade between the two markets exceeded AED 142 billion during the first nine months of 2024, showcasing a remarkable year-over-year growth of 19%.
A Thriving Investment Hub
His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, articulated Dubai’s strategic position as a lucrative investment destination for Indian companies. As of March 2025, there were 72,651 active Indian companies registered with the Dubai Chamber of Commerce, making them the largest foreign business group in the emirate. Lootah also noted a growth of 16.2% in new registrations in Q1 2025, signaling robust interest from Indian entrepreneurs and investors.
Panel Discussion Insights
The forum featured a dynamic panel discussion involving prominent figures, including business leaders from both Dubai and India. Topics covered included the trajectory of Dubai-India relations concerning trade and investment, particularly against the backdrop of shifting global economic conditions. The panel highlighted Dubai’s role as a strategic launchpad for Indian companies eyeing international markets.
The dialogue emphasized innovative solutions for fortifying bilateral economic cooperation, with a focus on enhancing global competitiveness for both regions. Discussions like these are crucial as they lay the groundwork for future collaborations and shared prosperity.
Commitment to Long-term Objectives
The Dubai-India Business Forum exemplifies Dubai Chambers’ ongoing mission to foster strategic economic partnerships, elevate cross-border trade, and unearth new avenues for investment. The forum serves as a pivotal platform for reinforcing existing ties and exploring fresh opportunities that cater to both local and global markets.
In an era where economic landscapes shift rapidly, initiatives like the Dubai-India Business Forum highlight the importance of proactive engagement between nations. The interactions and partnerships formed here are likely to serve as a foundation for mutual growth and development in the years to come.
