Uttarakhand is aggressively pursuing investments from the United Arab Emirates (UAE) to help boost its economic growth and development in key industries. Potential areas of collaboration were explored during a recent discussion between UAE Deputy Chief of Mission Majid Alnekhelavi and Ajay Mishra, Uttarakhand’s Resident Commissioner, at the UAE Embassy in New Delhi.
Mishra emphasised the state’s emergence as a prospective business location following the successful Uttarakhand Global Investors Summit 2023. He highlighted advances in law and order, infrastructure, road connectivity, and investor-friendly policies that have earned the trust of both domestic and foreign investors.
Alternative and renewable energy, knowledge cities, and corridor projects targeted at generating long-term growth have been recognised as key investment areas in the UAE. A short video shown at the conference highlighted Uttarakhand’s capabilities in tourism, wellness, biotechnology, food processing, infrastructure development, and local production efforts spearheaded by women’s groups. These activities demonstrate the state’s commitment to inclusive and sustainable development.
India and the UAE have had strong bilateral relations since 1972, with robust commercial ties that have grown substantially over the decades. The UAE is currently a key business partner and investor in India, with 3.5 million Indian expatriates helping to build economic and cultural relations. This connection has been developed by reciprocal efforts to improve trade and investment prospects in industries such as energy, logistics, agriculture, and infrastructure.
Uttarakhand’s proactive stance is consistent with wider trends of increased UAE investment in India. The state’s concentration on renewable energy, tourism, and infrastructure opens up several prospects for partnership with UAE institutions. This program is part of a larger plan to attract foreign direct investment (FDI) to boost economic growth while leveraging bilateral connections for mutual benefit.
