It has been shown by the Indian Embassy that the bilateral trade between India and the UAE has been growing with the UAE investments in India rising to a whopping $1 billion.
FDI from the UAE from 2000 to 2016 is at $4.03 billion and this represents a 1.40% increment of inflows and $1 billion going to India in a year.
“A reported one billion dollar investment went from the UAE to India during the last one year is an encouraging development. A number of Indian companies are also investing in UAE,” said Neeta Bhushan (Charge d’ Affaires at the Indian Embassy in Abu Dhabi).
“The visit of [His Highness] Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces as the Chief Guest for our Republic Day celebrations in January 2017 will help to further cement our close ties,” she said.
“The import figures show that quantity wise, there is an increase of more than 25 per cent in crude oil for 2015-2016 when compared to the previous year but in value it is 42 per cent less due to decline in oil prices,” Indian Embassy said.