India, UAE Eye $100B Non-Oil, Non-Precious Metal Trade

Abu Dhabi: India and the UAE aim to double the bilateral non-oil and non-precious metal trade to $100 billion in the next three-four years, commerce and industry minister, Mr Piyush Goyal said on Thursday.
The two sides have also decided to jointly develop infrastructure projects in third countries, he said.
The bilateral trade in non-oil and non-precious metals stands at $50-55 billion at present. "We have set a new target to double bilateral trade in non-oil and non-precious metals to $100 billion in the next 03-04 years," Goyal said. Goyal is in the UAE on a two-day visit to co-chair the 13th India-UAE High-Level Task Force on Investments (HLTFI) along with Sheikh Hamed bin Zayed Al Nahyan, MD of Abu Dhabi Investment Authority.
In the first half of 2025, bilateral non-oil trade reached nearly $38 billion, a 34% increase compared to the first half of 2024.
He said the emirates has also shown interest in investing in the stock market "on a large scale" and the two sides have decided to jointly develop infrastructure projects in third countries in areas such as housing.

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