UAE-India conclave Ties Set for for Multi-Billion Investment Boost
The conclave will focus on the historical, current, and future aspects of the bilateral relationship between India and the UAE.
At the recent UAE-India conclave, significant developments were announced, including the launch of Bharat Mart and India Hospital, marking a multi-billion-dollar investment boost aimed at enhancing trade and healthcare ties between the two nations.
Bharat Mart: Prime Minister Narendra Modi and UAE's leadership laid the foundation stone for Bharat Mart in Dubai, a sprawling marketplace set to cover 100,000 square meters. This project, managed by DP World, aims to become a major trading hub for Indian goods, rivaling China's Dragon Mart.
It will feature retail showrooms, warehouses, and offices, providing Indian exporters a unified platform to showcase their products globally. Bharat Mart is expected to bolster India's export capabilities and strengthen economic links between the UAE and India (Hindustan Times) (Home | DP World) (NewsBytes).
India Hospital: The UAE-India Healthcare Initiative also took a significant leap with the announcement of India Hospital. This facility aims to provide advanced healthcare services and cater to the growing needs of residents in the UAE and the wider region. The hospital is expected to be a state-of-the-art institution, offering a wide range of medical services and specialties.
These initiatives are part of a broader strategy to enhance bilateral trade and investment, with the goal of reaching $100 billion in non-oil bilateral trade by 2030. The UAE and India have been strengthening their economic ties, and these projects are seen as pivotal in achieving their ambitious trade and development goals.