Dubai: UAE-based companies are set to ramp up their investments in India across multiple sectors, including infrastructure, data centres, banking, startups, and logistics, Commerce and Industry Minister Piyush Goyal said on Friday.

Speaking to reporters during his visit for the 13th India-UAE High-Level Joint Task Force on Investments, Goyal highlighted that both nations have “reset their targets” and are working towards accelerating investment flows.

“Infrastructure is one of the major sectors where they (UAE) see huge potential. There was a lot of interest in the banking sector and startups. The interests of potential investors are also there in India’s logistics ecosystem and green energy. The UAE is keen to look at investments,” he said.

The minister, who led a 75-member business delegation to Dubai, also underlined the UAE’s growing interest in high-tech collaborations, renewable energy, shipbuilding, retail, and pharmaceuticals.

“The UAE is also investing deeply in high-tech areas, so we could even be looking at serious collaborations in technology sectors,” he added.

Goyal revealed that international bankers are increasingly keen to expand operations in India. “One banker who met me is very keen to set up a new operation in GIFT City,” he said. He noted that while the UAE is already among the top five to six foreign investors in India, the country can expect a much larger investment flow going forward.

India has received USD 24 billion in FDI from the UAE between April 2000 and June 2025. Goyal said that both Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII) from the UAE are expected to rise significantly as India continues to position itself as a major investment destination.

On the Bharat Mart project, Goyal announced that the UAE has already allocated land, with construction expected to begin soon. The project is slated for completion by 2027, with about 9,000 companies having expressed interest in participating.