Abu Dhabi, 13 April 2015

HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs received HE Jayant Sinha, Minister of State for Finance, Government of India and his delegation, in Abu Dhabi today. The two parties discussed the political, trade economic and historical relations between the two countries as well as future cooperation opportunities.

Commenting on this visit, HE Obaid Humaid Al Tayer welcomed the visiting delegation and stressed the importance of the historical ties enjoyed by the UAE and India, especially with regard to investments. The UAE embraces a large number of Indian projects and companies, whereby Emirati investments entities work on consolidating their presence in the Indian market as it is considered as one of the most markets expanding globally.

According to historical economical evidence, the volume of trade between the two countries amounted to 180 million US dollars during the seventies of the last century. The volume of trade has grown steadily and reached 75 billion US dollars for 2012-2013.

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© Press Release 2015