UAE-India CEPA Council
The UAE-India Comprehensive Economic Partnership Agreement (CEPA) has significantly strengthened business ties between the UAE and India. Odisha plays a crucial role in this partnership due to its rich resources and industrial capabilities. In the fiscal year 2023-2024, Odisha's trade with the UAE reached USD 2.63 billion, making it the eighth-largest trading partner among Indian states. Strategic agreements, including MoUs worth USD 2.76 billion, have been signed, with notable investments from the Lulu Group. The UAE-India CEPA Council (UICC), established in 2024, aims to facilitate market access, lower trade barriers, and promote economic ties, focusing on states like Odisha.
Related Posts
If you like this post, please share your feedback in the comments section below so that we will upload more posts like this.
Responses