UAE Emerges As Fourth Largest Investor in India In FY23

UAE Emerges As Fourth Largest Investor in India In FY23

Daily Current Affairs / UAE Emerges As Fourth Largest Investor in India In FY23

Change Language English Hindi

Category : Business and economics Published on: June 14 2023

Share on facebook

The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor in India during 2022-23.
As per the report, the UAE was the fourth largest investor in India in 2022-23 compared to the seventh in 2021-22.
Singapore was the largest investor in India with $17.2 billion investment in FY23, followed by Mauritius ($6.1 billion) and the US ($6 billion).
India and the UAE have operationalised a comprehensive free trade agreement since May 1 last year. Under the pact, a number of goods from both countries are getting zero-duty access to each other's markets, besides eased norms for promoting investments.
UAE's investments in India are mainly in sectors like services, sea transport, power and construction activities. One of the crucial factors for the increase in foreign direct investment (FDI) from UAE is the signing of the Comprehensive Economic Partnership Agreement (CEPA) between India and UAE on February 18, 2022 (effective from May 1, 2022).

Recent Post's

India and New Zealand have begun the fourth round of Free Trade Agreement (FTA) talks in Auckland to strengthen economic ties and promote sustainable, balanced growth.
Read More....
Sanjay Garg, IAS (1994 batch, Kerala cadre), has taken charge as the new Director General of the Bureau of Indian Standards (BIS).
Read More....
NITI Aayog launched a tech-driven roadmap to transform Indian agriculture through AI, digital tools, and innovation for Viksit Bharat 2047.
Read More....
Maldives becomes the world’s first country to impose a generational ban on tobacco and smoking to build a tobacco-free future.
Read More....
Korean film ‘Project Y’ wins Best Film at the London East Asia Film Festival 2025 for its powerful female leads and gripping neo-noir storytelling.
Read More....
Janice Tjen becomes the first Indonesian in 23 years to win a WTA singles title with her historic victory at the Chennai Open 2025.
Read More....
Lucknow earns global acclaim as UNESCO designates it a Creative City of Gastronomy, celebrating its royal Awadhi cuisine and rich culinary heritage.
Read More....
World Jellyfish Day 2025 celebrates the ancient, glowing marvels of the ocean and their vital role in marine ecosystems.
Read More....
ISRO launches GSAT-7R, India’s heaviest communication satellite, to boost naval connectivity and strengthen national space power.
Read More....
PM Modi lays foundation stone for the Museum of India’s Princely States near Statue of Unity, celebrating India’s royal heritage and unity.
Read More....