By Admin 
India and the United Arab Emirates (UAE) have signed several important agreements to strengthen bilateral economic partnership. The agreement was reached during the visit of Dubai Crown Prince and UAE Defense Minister Sheikh Hamdan bin Mohammed bin Rashid Al Maktoom.
IIM-A campus will be set up in Dubai
The important decision in the agreements made between India and the UAE is to set up the campus of the Indian Institute of Management, Ahmedabad (IIM-A) in Dubai. The first MBA program in this campus will be started in September 2025. Along with this, the first foreign campus of the Indian Foreign Trade Institute (IIFT) will also be set up in Expo City in Dubai.
In addition, the beginning of allotment of land in Dubai for establishment of Indo-UAE Friendship Hospital, development of ship repair clusters in Kochi and Wadinar and Bharat Mart’s construction work has been announced. Under these agreements, an Indian office will also be opened in Dubai Chamber of Commerce, which will work to further strengthen business relations.
IIM- The establishment of the campus of Ahmedabad and IIFT in Dubai will further deepen educational cooperation between the two countries. This will help Dubai and UAE emerge as a major global educational center. Last year, the first Middle East campus of IIT was opened in Abu Dhabi. These initiatives will benefit about 9 million Indians in the UAE and about 9 million Indians in the Gulf region.
announcement of India Mart and Virtual Trade Corridor (VTC)
India Mart and Virtual Trade Corridor (VTC) have been announced to further strengthen trade relations between India and UAE. Measures taken to support VTC and Friendship interface will give further boost to bilateral trade. Trade between the two countries has increased manifold since the CEPA (Compiring Economic Partnership Agreement) came into force. Through these initiatives, bilateral trade is expected to cross $ 97 billion and the non-tele trade target can reach $ 100 billion.
UAE people also come in large numbers in the field of healthcare in India. Members of many royal families of UAE have also benefited from India’s health and welfare system. As retaliation for this contribution, the Dubai government has allotted land for establishing ‘India-UAE Friendship Hospital’ in Dubai. The main objective of this hospital will be to provide cheap health services to the blue-collar workers of the Indian community settled in the UAE.
In addition, Cochin Shipyard Limited and Drideock World (Dip World Company) have entered into an agreement for the development of ship repair clusters, which will implement global best practices in Ship Repair Ecosystem in India and will help add extra capacity.
Crown Prince also met Piyush Goyal in Mumbai
After this, Crown Prince also met Commerce and Industry Minister Piyush Goyal in Mumbai and discussed the rapid growth of bilateral trade under CEPA. Goyal hoped that these important agreements will further strengthen the economic relations between India and the UAE and these relations will reach new heights.