Ministers Dr. Thani bin Ahmed Al Zeyoudi and Mr Piyush Goyal Chart Path to $100B+ Trade, Deeper Investment, and Shared Prosperity
FinTech BizNews Service
Mumbai, August 30, 2025: At the 3rd anniversary of the India–UAE CEPA agreement, leaders hailed historic progress, pledged stronger investment flows, and outlined a bold roadmap to power India’s $5T economy by 2027.
In a landmark gathering in Mumbai, senior leaders from India and the United Arab Emirates reaffirmed their commitment to deepen bilateral trade and investment ties, celebrating the third anniversary of the India–UAE Comprehensive Economic Partnership Agreement (CEPA).
Addressing the high-powered business and policy audience, H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister for Foreign Trade, emphasized that despite global turbulence, the India–UAE relationship has emerged as a resilient force for growth.
“In a changing world, our ties with India remain unshakable. India is now the world’s fourth-largest economy, a technological and agricultural powerhouse. The UAE stands as India’s gateway to Africa, the Middle East, and Europe. Together, we are creating resilient supply chains and limitless opportunities for our people,” Dr. Zeyoudi declared.
He underscored that UAE investors see major potential in logistics, manufacturing, food production, renewables, pharmaceuticals, and technology, sectors where collaboration is already thriving.
India’s Growth Trajectory: A $32–35 Trillion Vision
Building on this momentum, Shri Piyush Goyal, Minister of Commerce & Industry, Government of India spotlighted India’s rapid economic progress and ambitious roadmap.
“India is today the world’s fastest-growing economy, with 7.8% growth this quarter. From GST reforms to Free Trade Agreements with Oman, New Zealand, and the EU, we are building the foundation for a $5 trillion economy by 2027. By 2047, we aspire to reach $32–35 trillion, ensuring every Indian enjoys prosperity and sustainability,” Mr Piyush Goyal said.
He added that the Government of India is committed to Ease of Doing Business, regulatory simplification, and boosting domestic demand, assuring industry that reforms in taxation and trade policy would continue to accelerate
CII and Industry Voices: Catalysts of Growth
Industry leaders echoed this optimism, underlining the central role of CEPA in strengthening ties:
Mr R Mukundan, President-Designate, CII applauded the speed and efficiency of the agreement, saying:
“India & UAE can surpass the $100 billion trade goal sooner than expected. CEPA is not just a framework—it is a living model of how quickly two nations can act with trust and ambition.”
• Shri Ajay Bhadoo, Additional Secretary, Ministry of Commerce & Industry, reflected on the milestone:
“As CEPA turns three, we celebrate a phase of deeper ambition and prosperity. We are grateful to UAE partners for their consistent support to India’s growth journey.”
• H.E. Humaid Mohammed bin Salem, Secretary General, UAE Chambers, highlighted the Minister’s leadership in driving innovation and sustainability:
“The India–UAE relationship is rooted in history but future-focused, built on advanced technologies and sustainable growth.
The event closed on a note of optimism, with leaders from both nations reaffirming their strategic intent to deepen ties across trade, technology, and investment. Dr. Zeyoudi announced that he looks forward to welcoming Mr Piyush Goyal and an Indian business delegation to the UAE in three weeks, signaling continued momentum.
The India–UAE trade corridor, already among the fastest-growing globally, is now positioned as a driver of regional integration and global growth. With bold targets, strong political will, and active private sector engagement, both nations are set to shape the future of trade in the 21st century.
