India is preparing to establish an Invest India office and an Indian Institute of Foreign Trade (IIFT) campus in the UAE to strengthen trade and investment ties. These initiatives follow the 2022 Comprehensive Economic Partnership Agreement (CEPA), which increased bilateral trade to $85.6 billion in FY 2023-24. The UAE is now India’s second-largest export market and seventh-largest foreign direct investment (FDI) source. The Invest India office will encourage UAE investments in sectors like technology and energy, while the IIFT campus will develop expertise in global trade. These initiatives aim to increase economic collaboration and growth. Additionally, the Local Currency Settlement system will streamline transactions in INR and AED. These steps demonstrate India’s commitment to furthering its strategic partnership with the UAE.