UAE’s trade relations with India have strengthened over the decades, with India being the third largest trade partner of the UAE. Trade between the two regions has grown tremendously and reached USD 60 billion in 2014-15, up from USD 43 billion in 2009-10.
It is not only trade in goods, but also the investment opportunities that India offers, such as the infrastructure sector (which requires USD 1 trillion worth of investment by 2018 to meet India’s development needs), which makes it a key location for us. NBAD’s India office reflects the importance of India whilst promoting our vision of the West-East Corridor. Stretching from West Africa to East Asia, this great growth region of the world is known to NBAD as the West- East Corridor with Abu Dhabi strategically located in the centre of that activity.
NBAD’s West-East Corridor
The West-East Corridor is characterised by an expansion of private enterprise and increased capital flows which are accelerating the economies of Africa, the Middle East and Asia. A rising population will drive the demand for energy, water, food and other commodities and the increasing prosperity and aspirations of a new middle class will become an ever more powerful force. The new megacities of the world will be concentrated along this Corridor, generating enormous commercial activity and business opportunities. Indian cities, such as Mumbai, Bangalore, Delhi, Hyderabad and Kolkata, are the upcoming megacities that will define the future of trade and investment in this West- East hub.We are in the right place, at the right time, to work towards our goal of being a part of this dynamic country’s economic progress and to play our part to strengthen the trade and investment relations between the two countries.
NBAD has a strong team in India with people from diverse background and extensive work experience.
For client-related matters please contact:
Nilendu Mukherjee, Executive Director, Head of Client Relationship – India
Financial Institutions Clients:
Reema Mansinghani, Executive Director, Head Financial Institutions – South Asia