Non-traditional sectors like start-ups and renewable energy has seen a substantial surge in the two-way investments between India and the United Arab Emirates, led by strong investor confidence post the bilateral comprehensive free trade agreement signed last year, said India’s ambassador to the UAE Sunjay Sudhir at a business event in Dubai marking one year of the agreement.
He added that there has been an exponential rise in the number of certificates of origin being issued on both sides, indicating growth in utilization of the comprehensive economic partnership agreement (CEPA).
“CEPA is well beyond trade because it has given rise to confidence which has resulted in further investments. If you look at the last one year, you will see some so much more investment happening two ways…. Much of this investment has gone in non-traditional areas. Of course infrastructure has received a lot of investment.