Dubai Chambers has signed two Memorandums of Understanding (MoUs) in Bengaluru as the emirate looks to deepen its business relationship with India. These agreements focus on Agentic AI and deeptech collaboration, along with trade, investment, and business expansion more broadly.
The agreements were signed with the National Association of Software and Service Companies (NASSCOM) and the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), as Dubai continues positioning itself as a major international hub for technology, innovation, and business.
MoU With NASSCOM to Focus on Agentic AI
The agreement with NASSCOM sets up a framework for cooperation in Agentic AI and deeptech, designed to help Indian technology companies access the Dubai market and explore setting up or expanding their businesses in the emirate.
The partnership will also push knowledge sharing, ecosystem engagement, and innovation initiatives, with business delegations, networking events, and business-to-business meetings among the activities planned under the agreement.
What Is Agentic AI?
Agentic AI refers to artificial intelligence systems that take a more active role in completing tasks, making decisions, and carrying out multi-step processes. Rather than just responding to individual instructions, these systems can work toward defined goals with a lot more independence.
Dubai has been putting increasing focus on Agentic AI as part of its broader technology and economic strategy. This latest collaboration with NASSCOM could open up additional opportunities for Indian AI companies, technology specialists, and deeptech innovators looking to break into international markets.
Dubai Sees Opportunities for Indian Technology Companies
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said Indian companies remain an important part of Dubai’s business community, highlighting the potential for Indian technology companies and specialists to contribute to Dubai’s push toward wider Agentic AI adoption.
This collaboration could connect India’s technology capabilities with Dubai’s business ecosystem and international market access. For Indian companies, that could mean real opportunities to explore partnerships, expand operations, and reach customers across the region and beyond.
FKCCI MoU to Strengthen Trade and Investment
The second MoU, signed with FKCCI, focuses on strengthening trade, investment, and business cooperation between Dubai and Karnataka. One of the key pieces here is the proposed Virtual Dubai Desk.
This desk is expected to act as a contact point for companies exploring opportunities in Dubai, offering support like market-entry guidance, ecosystem orientation, and assistance for businesses looking to expand.
Business Delegations and Knowledge-Sharing Sessions Planned
Dubai Chambers and FKCCI will also look into regular roundtables and knowledge-sharing sessions. These are expected to give companies and business leaders more chances to understand market conditions and spot potential areas of cooperation.
The two organisations will also support inbound and outbound business delegations and sector-focused engagements, helping companies connect directly with potential partners, investors, and other stakeholders in both markets.
85,841 Indian Companies Were Active Members of Dubai Chamber
These latest agreements build on an already strong Indian business presence in Dubai. By the end of June 2026, 85,841 Indian companies were active members of the Dubai Chamber of Commerce, marking a 15% year-on-year increase.
Dubai Chamber also welcomed 7,579 new Indian companies during the first half of 2026 alone, numbers that highlight just how much interest Indian businesses continue to have in Dubai as a base for regional and international expansion.
India-Dubai Investment Ties Continue to Grow
Investment flows between the two markets have kept growing too. Indian foreign direct investment into Dubai reached US$2.28 billion in 2025, reflecting the growing interest Indian businesses and investors have in the emirate.
At the same time, Dubai invested US$9.3 billion in India across 147 projects between 2016 and 2025, investments tied to the creation of 55,274 jobs, underlining just how deep the economic relationship between the two markets has become.
Dubai Chambers Holds Meetings With Indian Business Leaders
During the Bengaluru visit, a Dubai Chambers delegation led by Mohammad Ali Rashed Lootah held eight meetings with Indian business organisations and multinational companies. The programme included discussions with NASSCOM Deeptech, CII Karnataka, FKCCI, and FICCI Karnataka.
Dedicated roundtable sessions were also organised for members of the four business organisations, covering market entry, business expansion, potential partnerships, and opportunities across priority sectors.
Dubai Chambers Supports Indian Businesses Through India Offices
Dubai International Chamber, one of the three chambers operating under Dubai Chambers, keeps representative offices in Mumbai and Bengaluru. These offices are meant to strengthen connections with India’s business community and support companies exploring opportunities in Dubai.
Having these offices on the ground also gives Indian businesses a local point of contact as they weigh up the Dubai market. Alongside the new MoUs, they form part of Dubai Chambers’ wider push to deepen business relationships and encourage investment flowing both ways.
Also Read: Dubai Toyota Building to Be Demolished: Why Sheikh Zayed Road Landmark Is Being Emptied
Dubai and India Expand Cooperation in Technology and Trade
These agreements in Bengaluru bring together two areas that matter more and more to the Dubai-India business relationship: advanced technology and cross-border trade. The NASSCOM partnership focuses on Agentic AI and deeptech, while the FKCCI agreement covers market access, investment, and broader business cooperation.
With thousands of Indian companies already active in Dubai and investment flows growing in both directions, these new partnerships are meant to create more structured opportunities for businesses. The focus on technology, market access, and direct business connections could further strengthen commercial ties between Dubai and India going forward.