New Delhi, Sept. 28 -- The UAE is set to step up investments in India, with another USD 25 billion in investment intent in the near future, while both countries are targeting to double bilateral trade to USD 200 billion by 2032, Union Commerce and Industry Minister Piyush Goyal said.

Speaking after the 14th meeting of the India-UAE High-Level Joint Task Force on Investments, Goyal said the two countries would deepen cooperation across sectors including ports, shipbuilding, space, food security, logistics, fintech, artificial intelligence and emerging technologies.

The UAE has already invested USD 25 billion in India and is the country's seventh-largest source of foreign direct investment, Goyal said. The two sides are working towards an...