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According to the Department of Economic Development (DED), India and the UAE are working towards giving the final shape to a Bilateral Investment Promotion and Protection Agreement (BIPPA) to enhance investments between the two countries.
The agreement is aimed at driving investments into India from the UAE across different sectors, including construction, downstream manufacturing in the petroleum and natural gas sector, as well as agriculture and food processing.
The UAE's investments in India are focused mainly in the power, metal industries, construction, services and information and communications technology (ICT) sectors. The Indian community is the largest in the UAE, both in terms of population and business, contributing significantly to the national economy, and in particular, that of Dubai.