New Delhi India February 19 ANI The Comprehensive Economic Partnership Agreement CEPA signed between India and the United Arab Emirates on Friday will lead to new opportunities for trade and investments between the two countries and benefit small and medium enterprises SMEs and startups, industry body FICCI said on Saturday.
We in FICCI applaud the leadership of our two countries in making CEPA a reality in record time, even though a flu is a serious problem. There are many areas that will benefit from this agreement. One area of great mutual interest in innovation and startups, led by technology-driven processes, is Sanjiv Mehta, President of Federation of Indian Chambers of Commerce and Industry FICCI We can visualise partnerships in health-tech, edu-tech, industrial revolution 4.0, and many more areas. Mehta said in a statement that the Indian Industry feels that engagements will help in tapping global opportunities together, particularly in the GCC and African markets.
India and the UAE signed the Comprehensive Economic Partnership Agreement on Friday and set a goal to boost merchandise trade between the two countries to $100 billion over the next five years.