Shillong, June 27: The UAE-India CEPA Council (UICC), in partnership with the Embassy of the United Arab Emirates in India, signed several Memoranda of Understanding (MoUs) between the UICC and prominent academic and entrepreneurial institutions, including PRIME Meghalaya under the Meghalaya Basin Management Agency (Μ.Β.Μ.Α.), IDEATE Lab @ O.P. Jindal Global University, and Jamia Hamdard.
The UAE-India CEPA start-up event was held at the Taj Mahal Hotel, New Delhi recently.
The initiative delivers on a key commitment under the UAE-India Comprehensive Economic Partnership Agreement (CEPA) to promote innovation-led collaboration and support the internationalisation of Indian start-ups.
In his address, the UAE Ambassador to India, Abdulnasser Alshaali underscored the UAE’s commitment to entrepreneurship and cross-border innovation: “Start-ups are central to the UAE-India economic corridor. Through this series, the UAE-India CEPA Council seeks to connect India’s brightest entrepreneurial minds with the UAE’s world-class ecosystem, supporting their scale-up journeys while enriching our bilateral innovation landscape.”
The launch comes amid a period of strong economic momentum between the UAE and India. In FY 2023-24, bilateral trade reached USD 83.64 billion, marking a nearly 15% year-on-year increase since the CEPA came into effect. India’s non-oil exports to the UAE surged by over 20%, while UAE foreign direct investment (FDI) into India tripled, rising from USD 1.03 billion in FY 2021-22 to USD 3.35 billion in FY 2022-23, making the UAE India’s fourth-largest investor.
These gains further reinforce the UAE’s enduring commitment to championing India’s dynamic start-up ecosystem. Since 2000, UAE-based investors have channelled an estimated USD 20 billion into the Indian economy, fueling innovation, accelerating growth, and cementing the UAE’s position as a key strategic partner.
The event drew over 100 participants from across the start-up, investment, policy, and media landscape. Attendees witnessed the unveiling of the official start-up series microsite and the premiere of a promotional trailer calling for applications from high-potential Indian ventures.
