India and the UAE agreed to double bilateral trade to USD 200 billion by 2032.
The decision was taken in New Delhi on January 19, during talks between PM Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan.
Both leaders reviewed progress under the Comprehensive Strategic Partnership and expanded cooperation across trade, investment, energy, defence, technology, and people-to-people ties.

BulletsIn

• Trade target set at USD 200 billion by 2032; current trade at USD 100 billion

• CEPA since 2022 cited as key driver of rapid trade growth

• Focus on MSMEs through Bharat Mart and Virtual Trade Corridor initiatives

• UAE interest in Dholera Special Investment Region infrastructure projects

• Invitation to UAE funds for NIIF Infrastructure Fund launching in 2026

• Financial ties grow with DP World, FAB branches in GIFT City

• 10-year LNG deal signed between HPCL and ADNOC Gas from 2028

• Cooperation planned in nuclear energy, including SMRs and large reactors

• Defence ties strengthened; zero tolerance on terrorism reaffirmed

• Expansion in AI, space, education, culture, and youth exchanges