Bilateral Trade Between UAE, India Can Go up to $100 Billion Per Annum Published January 31st, 2021 - 07:30 GMT
The bilateral trade has now grown to $60 billion per annum with the UAE becoming the third-largest trading partner of India, and the trade volume is poised to grow even further. (Shutterstock)
Highlights
India is a strategic partner for UAE, and as the policymakers envisaged, the trade relationship can touch an overall figure of $100 billion per annum.
Indo-Arab relationship goes back a long time, and historians estimate that it might have started during the early period of the Sumerian dynasty in 2800 B.C. The civilisational ties continue to this day, and this sense of brotherhood is the very foundation of the UAE-India relationship.
UAE, India trade has potential to go up to $100 billion annually
Bal Krishen/Dubai Filed on January 30, 2021
India is a strategic partner for UAE, and as the policymakers envisaged, the trade relationship can touch an overall figure of $100 billion per annum. File photo
(SYEDRNG)
Indo-Arab relationship goes back a long time, and historians estimate that it might have started during the early period of the Sumerian dynasty in 2800 B.C. The civilisational ties continue to this day, and this sense of brotherhood is the very foundation of UAE-India relationship. The presence of 3.42 million Indian citizens in UAE obviously provides an additional dimension to the bond between them. The bilateral trade has now grown to $60 billion per annum with the UAE becoming the third-largest trading partner of India, and the trade volume is poised to grow even further. Interestingly, nearly eight per cent of India’s oil is sourced from UAE. It is noteworthy that both countries’ al
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Corporate companies manipulate system, states HC
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Corporate companies manipulate system, states HC Observing that corporate companies manipulate the “system” to work against poor litigants, the Madras High Court said it was able to see why farmers were agitating across the country, fearing harassment at the hands of corporate giants when contract farming becomes inevitable due to the new farm laws.
Dismissing a civil revision petition filed by Bharat Petroleum Corporation Limited (BPCL), Justice G. Jayachandran wrote: “It is high time that corporate companies, more particularly public sector undertakings, change their attitude and conduct while dealing with individual landowners for commercial purpose. They have the duty to dispel the mistrust prevailing among the public by restraining themselves from filing frivolous petitions with an oblique intention of making the counterpar