23 Hrs
Source:
الاقتصادية
Indian Ambassador: Gulf trade boosts AI and semiconductors
The article discusses the development of economic relations between India and the Gulf countries, with a focus on negotiations to sign a free trade agreement covering sectors such as technology and renewable energy. It highlights the shift in relations from an emphasis on oil and traditional trade to a more diversified partnership that includes investments and emerging industries, with expectations of increasing trade volumes to over $178.7 billion during the 2025-2026 fiscal year. It also indicates that the anticipated agreement will promote economic diversification and expand cooperation in areas like artificial intelligence and supply chain networks, emphasizing the importance of energy security and supply chains amidst geopolitical challenges.
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