83 thousand Indian companies in Dubai, last year 11 thousand were registered

 Emirates wealth funds invested rs 2.78 lakh crore in india

Standing in the middle of the bustling Mounabazar in Dubai, you do not feel that you are hundreds of kilometers away from Mumbai. The bylanes of the market are dotted with names like Biryani Wala & Co, Mini Punjab Restaurant and Tanishq Jewellery. 'Signboards of shops are seen in Hindi, Malayalam and Arabic languages. Mounabazar gives a glimpse of the growing vast network of Indian business. According to the local business chamber, 11,000 companies owned by Indians have been registered in 2022. Including these, the total number of Indian companies has increased to 93 thousand.

United Arab behind Indian companies 3.5 million living in the Emirates (Sun)

These immigrants in 2021 , has sent more than 1.63 lakh crore rupees to India. India is a source of food, gems, jewellery, leather goods, medicines and investment opportunities for the UAE. UAE is an important source of capital for India. Such a situation was unimaginable in 1973 when a store carrying Indian sarees was named Maunabazar. Abu Dhabi was very poor. The currency here was the external rupee, a version of the Indian rupee until 1966. All international business through Bombay used to have. Fifty years later the situation has completely changed. Emirati shopping malls are brimming with products from around the world. Dubai's 68-storey Almas Tower houses a large number of Indian jam traders. Trade between India and the Emirates is growing rapidly. A survey by the Indian Embassy found that 60% of chief financial officers in major companies are Indians. Fund manager Pankaj Gupta says, Indians occupy high positions in Emirates industries. both countries 

Trade between has grown by 16% last year. investment due to previous tax system getting higher. There is no personal tax here. Since the beginning of 2020, when Mukesh Ambani raised billions of dollars from several sovereign wealth funds in the UAE, he is considered a major source of capital. According to consultancy company Bains, between 2015 and 2022, Emirati Severin Wealth Funds and other private equity companies have invested more than Rs 2.78 lakh crore in India. Capital is being pumped into India's leading banks, manufacturers and startups. It is speculated that if India's second richest Gautam Adani expands his business, the main source of finance would be Abu Dhabi. Adani has been invested in several companies by Abu Dhabi Sovereign Wealth Funds, it can be said that the emirate is emerging as the functional capital of India.

Bought residential property worth 35 thousand crores India's richest businessman Mukesh Ambani bought a property in Dubai in August for about Rs 650 crore. He has bought another property in October for Rs 1300 crore. Last year, Indians spent over Rs 35,000 crore on the purchase of residential properties in Dubai. It is difficult to trace the details of the purchase of commercial property.