Honorary Trade Commissioner for UAE
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HONORARY TRADE COMMISSIONER
India GCC Trade Council
Welcome to the website of Sudhir Babu, Honorary Trade Commissioner of UAE, appointed by the India-GCC Trade Council, a premier platform dedicated to fostering and enhancing the multifaceted relationship between India and the Gulf Cooperation Council (GCC) countries. The Council serves as a bridge, facilitating robust economic, cultural, and strategic partnerships between India and the United Arab Emirates.
We aims to facilitate partnerships between businesses of both nations and to offer them a cooperative business ecosystem with a wide spectrum of growth & development and supporting long-term commercial partnerships for developing strategic relationships between government officials from both the countries.
India and UAE have shared trade links through the centuries.
As India and UAE strengthened their cooperation, culminating into a Comprehensive Strategic Partnership in 2017, the trade relations also deepened. From US$ 180 million annually in the 1970s, the trade volume increased to US$ 83.65 billion in FY 2023-24. Today, the UAE ranks as India's third-largest trading partner and second largest export destination, with exports over US$ 35.62 billion in FY 2023-24. Meanwhile, India ranks as UAE’s second largest trading partner, with export of over US$ 48 billion in FY 2023-24. The trade basket between the two nations is well diversified, encompassing major products like petroleum products, gems and jewelry, food items, textiles, chemicals and engineering goods.
On the other side, though no official figures are available, Indian investments in the UAE are estimated to exceed US$ 85 billion. Many Indian companies have set up manufacturing units, either as joint ventures or in Special Economic Zones, producing cement, building materials, textiles, engineering products, consumer electronics.
On 18th February 2022, during the Virtual Summit between Hon’ble Prime Minister Shri Narendra Modi and H.H. President Sheikh Mohamed bin Zayed al Nahyan, the India-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed. Additionally, there are ongoing efforts to integrate the instant payment platforms of India (UPI) and the UAE (AANI), and interlink domestic debit cards of India (RuPay) and UAE (JAYWAN).
In the last few years, economic and trade relationship between India and UAE has expanded to newer areas such as AI, innovative health care, Renewable Energy, fintech, critical minerals, civil nuclear energy cooperation, etc.
Gulf Cooperation Council
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We aim to enhance trade and investment flows between India and GCC countries, facilitating joint ventures, partnerships, and collaborations across various sectors including energy, technology, healthcare, education, and infrastructure.
By promoting cultural understanding and people-to-people connections, we strive to strengthen the historical and cultural ties that bind India and the GCC nations. Our initiatives include cultural festivals, academic exchanges, and tourism promotion.
In an increasingly interconnected world, we recognize the importance of strategic cooperation in areas such as security, defense, and sustainable development. The Council works towards fostering dialogues and partnerships that contribute to regional and global stability.
IETO is an independent, non-Governmental organization, impartial and not tied to any special interests. We strive in all our efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. We engage the foremost political, business, cultural and other corporate leaders of society to shape global, regional and industry agendas.
At the Indian Economic Trade Organization, we work with companies like yours to excavate true business purpose. And then we help to fully activate and embed that purpose throughout your organization.
Your organizational purpose rests at the intersection of who you are and what need you fulfill in the world. It’s the underlying reason your organization exists.
While mission and vision of the IETO may change over time, our purpose will not since our organizational purpose is timeless.