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UAE and India Plan to Double Trade to $200 Billion by 2032
The United Arab Emirates (UAE) and India have agreed to increase their bilateral trade to more than $200 billion by the year 2032. This decision was made during a working visit to India by UAE President Sheikh Mohamed bin Zayed Al Nahyan.
During the visit, Sheikh Mohamed bin Zayed met with Indian Prime Minister Narendra Modi. The two leaders discussed current cooperation between their countries and explored ways to strengthen ties in trade, investment, technology, and energy. Both sides said they want to build a strong long-term partnership.
One of the major announcements was a plan to set up a supercomputing cluster in India. This project will be developed through a partnership between C-DAC India and G42, a UAE-based technology company. Once ready, the facility will be open to government and private users. It will be used for research, software development, and business applications, helping India and the UAE grow in advanced technology.
The UAE and India also agreed to expand cooperation in nuclear energy. This includes work on large nuclear reactors, Small Modular Reactors (SMRs), and advanced nuclear systems. Both countries will also work together on nuclear safety, plant operations, and maintenance.
Several business and cultural initiatives were announced during the visit. UAE companies First Abu Dhabi Bank (FAB) and DP World plan to set up offices in GIFT City in Gujarat. The two countries will also explore the idea of creating digital embassies, opening a “House of India” in Abu Dhabi, and promoting youth exchange programs to strengthen people-to-people ties.
Many important agreements were signed during the visit. These include a Letter of Intent to create a strategic defense partnership and an agreement on investment cooperation between the Government of Gujarat and the UAE Ministry of Investment. This investment will support the development of the Dholera Special Investment Region in India.
In the space sector, India’s IN-SPACe and the UAE Space Agency signed an agreement to support joint space projects and commercial cooperation in the space industry.
In the energy sector, Hindustan Petroleum Corporation Limited (HPCL) signed a deal with ADNOC Gas. Under this agreement, India will purchase 500,000 metric tons of gas each year from the UAE.
The two countries also signed an agreement on food safety and technical standards. This was done between India’s APEDA and the UAE Ministry of Climate Change and Environment, helping smooth food trade between both nations.
According to a joint statement, UAE–India trade reached $100 billion in the 2024–25 financial year. With new agreements and stronger cooperation, both countries are confident they can double this figure and reach $200 billion by 2032.
Published: 20th January 2026
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