India and UAE Sign Strategic Agreements for Sustainable Maritime and Economic Growth

The UAE welcomes Indian companies to its Free Economic Zone
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Dubai and India have embarked on a transformative phase in their bilateral ties by signing eight strategic agreements aimed at fostering a sustainable, inclusive, and innovation-driven future. This significant milestone occurred during Crown Prince Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum’s official visit to India, where he participated in a high-level business forum in Mumbai. The agreements highlight enhanced cooperation in sectors such as green logistics, maritime infrastructure, inclusive healthcare, and higher education, indicating a growing synergy as both economies strive for a climate-resilient and tech-integrated trade ecosystem.

Among the key initiatives, Dubai Chambers established Memorandums of Understanding with major Indian industry organizations, including the Confederation of Indian Industry and FICCI. These agreements focus on empowering Indian businesses to thrive in Dubai while promoting sustainability and digital transformation. Notably, a forward-looking partnership was formed between DP World and RITES, aimed at modernizing logistics through the UAE-India Virtual Trade Corridor, which is set to launch in 2024.

In education and healthcare, collaborations include a historic agreement between Dubai’s Department of Economy and Tourism and the Indian Institute of Management Ahmedabad, marking a commitment to cultivating sustainability-aware business leaders. Additionally, the establishment of the UAE-India Friendship Hospital will enhance healthcare access in Dubai, underlining the potential for cross-border philanthropic efforts. Collectively, these agreements reflect both nations’ strategic shift towards building knowledge-based, low-carbon urban futures.

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