Food secure future is a significant issue for the United Arab Emirates (UAE) yet in addition for India. Worldwide Food Policy Research Institute (IFPRI), truth be told, cautions that evolving environment, developing worldwide populace, rising food costs and natural stressors will uncertainly affect food security in the coming many years. Notwithstanding, industry specialists and strategy creators accept that the UAE and India can up their synergistic endeavors to handle food security issues towards accomplishing food independence.
This is because the United Arab Emirates is India’s third largest trading partner with the bilateral trade of US$ 59.1 billion in 2019-20. Furthermore, it is a well-known fact that India wants to work very closely with the UAE as a reliable partner in food security. India’s food corridor is slated to attract investments to the tune of US$ 7 billion. Dubai can be a gateway for Indian companies in agriculture and food processing sector to take their products and services globally. This is the opinion of Dr Aman Puri council general of India.
According to him the UA should not be looked at as just a market of 10 million consumers rather it is is beneficial to the entire middle East and North African region. It is considered food secure due to its ability to import food from international markets.
The food technology valley aims at promoting innovation in agriculture to achieve food security from sustainable sources. Dubai is already adopting the new age farming technologies, vertical farming, smart farming, aeroponics, hydroponics, LOT and other new technologies have resulted in a 53% increase in output in agriculture.
The capital intensive nature of the Emirates aptly suits India which needs funding infusions for infrastructure creation. All the sovereign wealth funds have an investor bill capacity of around US$ 1.2 trillion which is growing at a rate of 18 % per annum.
India is on the threshold of a landmark change in the nature of food processing it is now moving towards value-added process and ready to eat foods. Thus, there has never been a better time for the Indian companies to tap the opportunities that the UAE and Dubai throw up. With the peceeding opportunities, both UAE and India face a common challengeas well, in the creation of value chain perspective, that is, end-to-end, farm-to-fork. So, moving forward, the two countries can deepen their collaboration and help each other in achieving this goal.