India-UAE-Israel trilateral trade could reach $110 bn by 2030

Tapping into the mutual strengths of India, Israel and the United Arab Emirates could propel the trilateral trade among these nations to $110 billion by 2030, Ilan Sztulman Starosta, head of the Israeli mission in Dubai, told an event organised by the International Federation of Indo-Israel Chambers of Commerce (IFIICC) to discuss ongoing business collaborations.

”UAE and India’s bilateral trade is projected to grow from $60 billion in 2020 to $100 billion by 2030. UAE is a gateway to the world and this trilateral with India and Israel could benefit the world,” UAE ambassador to India and founding patron of IFIICC Ahmed Abdul Rahman AlBanna was quoted as saying in a press release by IFIICC.

”The Indian business community in the UAE could significantly leverage the strengths of this trilateral to boost economic growth of all nations,” Aman Puri, Consul General of India to Dubai, said.

Ran Tuttnauer, honorary president of IFIICC in Israel and chairman of Israeli Manufacturers Council at Manufacturers Association of Israel (MAI) stressed that International business through the UAE in collaboration with India using Israeli Innovation will be the future..

IFIICC was launched on December 14 last year and is looking to set up offices globally, drawing the support of the Indian diaspora, the largest in the world.