India-UAE task force enhances investment cooperation at 12th meeting

The 12th meeting of the India-UAE High-Level Joint Task Force on Investments took place in Mumbai, further solidifying economic ties between the two countries. Co-chaired by Indian Commerce Minister Piyush Goyal and Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA), the discussions were centered around deepening bilateral investments, with particular focus on key sectors such as technology, infrastructure, and energy.

The meeting marked a significant step forward in implementing initiatives discussed during high-level visits over the past year. One notable development was ADIA’s formal establishment of its India office at Gujarat’s GIFT City, reinforcing the UAE’s commitment to expanding its footprint in India's rapidly growing economy. The task force provided a platform to address policy concerns, streamline investment flows, and explore new avenues for collaboration, building on agreements made during UAE President Sheikh Mohammed bin Zayed Al Nahyan's visit to Ahmedabad earlier this year.

ADIA’s new India presence is expected to catalyze UAE investments, with a particular focus on alternative investment opportunities. India’s fast-evolving financial markets, buoyed by regulatory support for international investors, were highlighted as key to deepening this relationship, and the GIFT City location serves as a strategic hub for these activities.