Business EconomyPosted at: May 14 2026 3:37PM


PM's UAE-Europe tour to boost India's trade, investment ties: FIEO

Hyderabad, May 14 (UNI) The Federation of Indian Export Organisations (FIEO) on Thursday welcomed Prime Minister Narendra Modi's upcoming multi-nation visit to the United Arab Emirates, Netherlands, Sweden, Norway and Italy from May 15-20 stating that the visit is expected to significantly strengthen India's trade, investment and technology partnerships with key global economies.
In a release, FIEO President S C Ralhan said the Prime Minister's visit comes at a crucial time as India expands its economic engagement with Europe and the Gulf region through stronger trade partnerships, resilient supply chains and investment-led growth.
He stated that the Prime Minister's high-level meetings with leaders of the UAE and major European nations reflect India's growing stature as a trusted economic partner and a major driver of global growth.
According to FIEO, the visit is expected to create fresh opportunities for Indian exporters in sectors including engineering, clean energy, technology, pharmaceuticals, food processing, textiles, logistics and digital trade.
Welcoming the Prime Minister's visit to the UAE, Mr Ralhan noted that India-UAE ties have evolved into a strong Comprehensive Strategic Partnership with rapidly expanding trade and investment linkages.
He said the UAE remains one of India's most important trade and investment partners and serves as a key gateway for Indian exports to the Middle East and Africa.
He added that the visit would further strengthen cooperation in areas such as energy, infrastructure, investments and services trade, while also deepening people-to-people and business relations supported by the large Indian diaspora in the UAE.
Commenting on the Prime Minister's engagements in the Netherlands, Sweden, Norway and Italy, the FIEO President observed that Europe continues to remain one of India's most significant export destinations and sources of investment.
He highlighted that the visit assumes added significance in the backdrop of the recently concluded India-European union Free Trade Agreement and the India-EFTA Trade and Economic Partnership Agreement (TEPA).
Mr Ralhan said discussions with European leaders are expected to deepen cooperation in future-oriented sectors such as green hydrogen, semiconductors, artificial intelligence, innovation, clean technologies, defence manufacturing, blue economy, resilient supply chains and sustainability.
Highlighting the importance of the India-Nordic Summit in Oslo, he said the Nordic region presents major opportunities for collaboration in renewable energy, climate technologies, maritime sectors, digital innovation and advanced manufacturing.
He added that the growing strategic convergence between India and Nordic countries could open new avenues for Indian businesses, startups and technology partnerships while supporting India's transition towards sustainable and green growth.
FIEO also welcomed the Prime Minister's participation in key business engagements, including the European Round Table for Industry and the India-Norway Business and Research Summit, stating that such interactions would help enhance investor confidence and strengthen industrial partnerships.
Mr Ralhan further said that India's bilateral trade with the countries covered during the visit collectively exceeds USD 70 billion, while investments from these regions into India continue to rise steadily.
Expressing confidence in the outcomes of the visit, the FIEO President said it would further enhance India's global trade footprint, strengthen market access for Indian exporters and contribute meaningfully towards achieving the country's long-term export growth objectives.
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Tags: #PM's UAE-Europe tour to boost India's trade# investment ties: FIEO
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