AP offers UAE investors ‘golden opportunities’

Visakhapatnam: Andhra Pradesh is emerging as a prime hub for global investments and strategic partnerships between India and the United Arab Emirates (UAE), industries minister T G Bharathh said.

Speaking at a CII Partnership Summit session on scaling India-UAE bilateral investments, Bharath urged UAE businesses to explore the state’s vast industrial opportunities. He emphasised that mutual trust is the bedrock of lasting economic ties, noting that while money builds factories, only trust sustains generational partnerships. Jokingly contrasting Indians visiting Dubai to buy gold, he invited UAE investors to discover Andhra Pradesh’s own “golden opportunities.” Under Chief Minister N Chandrababu Naidu’s vision, the state aims to be a place where investors truly succeed through a business-friendly ecosystem.

CII vice-president Shashwat Goenka highlighted that the Comprehensive Economic Partnership Agreement (CEPA) has boosted bilateral trade past $100 billion in FY 2025-26. With the UAE as India’s seventh-largest investor and 2.9 lakh Indian firms operating there, speakers noted both nations can reach their $200 billion trade target by 2032. Combining India’s skilled workforce and market with the UAE’s capital and strategic location will drive joint ventures, stronger supply chains, and deep industrial cooperation.

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