In a notification, the Directorate General of Foreign Trade (DGFT) said that those companies can obtain the physical delivery of the consignment through International Financial Services Centres Authority (IFSCA)-registered vaults located in special economic zones.
The goal to achieve $100 billion non-oil trade was set in the first meeting of the Joint Committee of India-UAE Comprehensive Economic Partnership Agreement (CEPA).
The meeting of the joint working group will be held in June to discuss review of the trade data under the CEPA between India and the UAE, officials said
The bilateral trade in goods is projected to increase from the current $60 billion to $100 billion annually within five years of the implementation of the India-UAE free trade agreement, Parliament was informed on Wednesday.