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INDIA-UAE TRADE RELATION

Business Environment INDIA UAE TRADE RELATION

INDIA-UAE TRADE RELATION

Background of India
It is the Seventh largest country by area

The Second most populous country (1.2billions)


Capital :- Delhi GDP growth Rate:- 6.5%(2011-2012) GDP :-US $1.848 trillion 3rd largest in terms of purchasing power parity (PPP) Service based economy (contributes 55% to GDP) HDI :- Rank 134th/187

INDIA-UAE TRADE RELATION

Background of U.A.E
7 Emirates :- Abu-Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, Umm Al Qaiwain (1972) Population :- 7.891 millions Capital :- Abu Dhabi GDP growth Rate :- 3.5 % GDP :-US $360.25 trillion HDI :- Rank 30th/ 187

Currency is Dirham
Manufacturing based economy It ranked as a worlds seventh largest oil reserve

INDIA-UAE TRADE RELATION

Introduction
Bilateral trade relations

The discovery of oil allowed the UAE to increase and diversify its trade relations with India
UAE is home to more than 1.75 million Indian, expatriates making Indians the second largest ethnic group in the Arab nation. In 2008-09, India emerged as the largest trade partner of the UAE with bilateral trade between the two countries exceeding US$44.5 billion During the first half of 2010, non-oil trade between India and the UAE stood at US$20.4 billion

INDIA-UAE TRADE RELATION

Business Environment in UAE


U.A.E. possesses 10% of worlds crude oil reserves, which will last for more than 100 years. U.A.E. is a free trade zones are home to more than 6400 companies with an estimated trade of around US$ 8 billion. U.A.E. has easy access to 1.5 billion consumer markets situated in Africa, West Asia and East Europe as well as the areas around the Red Sea and the Gulf.

INDIA-UAE TRADE RELATION

Business Environment in UAE


No Corporate Tax and Income Tax
No Personal Income Tax No foreign exchange controls Dubai Internet city - Oracle, IBM, HP, Cisco Dubai media city CNN,AP.

INDIA-UAE TRADE RELATION

INDIA UAE Bilateral relations


The Indian community is the largest expatriate community in the UAE, numbering about 1.5 million. UAE emerging as the second largest market globally for Indian products. India imports 4.8% of U.A.E.s export. U.A.E imports 10% of India export.

A large portion of Indias exports to the UAE is transshipped from Dubai to other countries

INDIA-UAE TRADE RELATION

INDIA UAE Bilateral relations


Cultural Cooperation Agreement Double Taxation Avoidance Agreement Agreement to Combat Trafficking Extradition Treaty MoU on Manpower Sourcing MoU between Sebi and Dubai regulatory agency

INDIA-UAE TRADE RELATION

Cotton accessories Gems and jewelry

India export to U.A.E


YEARS AMOUNT (IN RS. CRORES) 113348 110229 62915 INCREASE/DEC REASE 2.82% Increase 42.92% Increase 13.46% Increase

Man-made yarn and fabrics

2009-10 2008-09 2007-08

Marine products
Machinery and instruments

Plastic and linoleum


Tea

INDIA-UAE TRADE RELATION

India imports from U.A.E


Mineral fuels Mineral oils Pearl and precious stones Gold
2008-09 105926 54233 YEARS AMOUNT (IN RS. CRORES) 91799 INCREASE/DEC REASE 15.38% Decrease 48.80% Increase 27.76% Increase

2009-10

Pulp and Paper Waste Sulphur and unroasted iron pyrites. Metal Scrap Organic and inorganic chemicals
2007-08

Electrical machinery and equipment

INDIA-UAE TRADE RELATION

JOINT VENTURES
This joint venture with Rani International, the real estate development subsidiary of the Saudi-based Aujan Group, will consist of a 249-key luxury hotel operated by The Oberoi Group

DLF and Nakheel, signed a 50:50 joint venture for two integrated townships spread across 40000 acres in India

INDIA-UAE TRADE RELATION

FDI INVESTED IN U.A.E


India is also the 3rd largest investor in U.A.E Major Investment sectors are
Agriculture(3.6%) Crude oil(22.4%) Manufacturing(12.4%) Electricity and Water(1.7%) Construction(9.4%) Commerce, restaurants and hotels(13.7%) Transport, storage and communications(7%) Financing & insurance (6.7%) Real estate(10.5%) Government services(11.8%)

Prominent India companies such as L&T, Punj Lloyd Hinduja Group, Pioneer Cement, Oberoi Group of Hotels

INDIA-UAE TRADE RELATION

MAJOR INDIAN COMPANIES IN U.A.E


Larsen &Toubro (L&T) $639-million Hydrocarbon projects (crude oil) & gas line projects in UAE Pioneer cement ltd (for quality cement in construction) Wipro (Business and Technology Consulting, IT Services, IT Solutions, Business Process Outsourcing(BPO) TATA MOTORS (automobiles)

INDIA-UAE TRADE RELATION

FDI INVESTED IN INDIA


U.A.E. has invested over USD 5 billion in India through FDI and FII routes Tenth biggest investor in terms of FDI Major Investment sectors are Energy (19.1%) Services (9.3%) Programming (7.8%) Construction (6.8%) Tourism and Hotels (5.6%) Prominent UAE companies such as DP World, EMAAR, Al Nakheel, ETA Star Group.

INDIA-UAE TRADE RELATION

MAJOR U.A.E COMPANIES IN INDIA


DP World (Rs 1,200 crore for setting up the International Container Transshipment Terminal (ICTT) Emaar (invest $150 million in real estate) ETA Star Group to invest $1Bn in India

INDIA-UAE TRADE RELATION

Defense relations
An Agreement on Joint Defense Cooperation was signed by the two sides during June 2003. There was agreement that the 'Strategic Dialogue' would be held annually. India has been training U.A.E. defense personnel in various disciplines at its specialized institutions At the first JDCC Meeting in April 2006, both sides agreed to support defense exhibitions in each country by deputing its platforms and personnel. As a follow up of the meeting of the JDCC in April 2006 several steps were taken Enhance participation in training programmes Exchange of visits by service Chiefs Visits of Naval Ships and Coast Guard Cooperation in defense production industries

INDIA-UAE TRADE RELATION

FUTURE
Recent visit : The president of India visited U.A.E. from 21st to 25th November 2010 Agreement on security cooperation, counter-terrorism and maritime security Specific proposals focusing on education, science and technology and regional security An important area of cooperation, food security U.A.E. to invest in projects for enhancing agricultural production in India, especially in the area of food processing India-U.A.E. relations have been traditionally warm and friendly and based on continuity, trust and confidence without any irritants. This is likely to continue

INDIA-UAE TRADE RELATION

FUTURE
Labor welfare U.A.E. to participate in activities in the petroleum sector to strengthen India's energy security, as well as in the infrastructure sector, including in the Railways. Simultaneously, the U.A.E. assured India that it would back New Delhi's efforts for a permanent seat in the United Nations Security Council.

INDIA-UAE TRADE RELATION

ARTICLES

INDIA-UAE TRADE RELATION