India, UAE to expand rupee-dirham trade: Minister of commerce Piyush Goyal

India and the UAE are exploring ways to expand the rupee-dirham trade, which would have a significant impact on bilateral trade. Commerce Minister Piyush Goyal stated that this would facilitate lower-cost remittances from the UAE to India. Efforts are being made to accelerate and expand this trade with the cooperation of the central banks of both countries. Goyal also mentioned discussions on establishing food and industrial parks in India.