Egypt plans to increase bilateral trade with India to USD 12 bn

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WHAT WE’RE TRACKING TODAY

THIS MORNING: India’s State-run NBCC makes foray into UAE realty market

*** WHAT ARE YOU READING? ***

This is the first issue of EnterpriseAM MENA <> India, our newest publication. We’re giving readers of EnterpriseAM UAE a sneak peek this week — MENA <> India will be in your inboxes today, Wednesday, and Friday.

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Good morning, wonderful people, and welcome to the first issue of EnterpriseAM MENA <> India, the latest of our exclusive executive briefings on the business, finance, economy, and policy news that will move markets and set the tone for your day.

The investment, trade, and cultural corridor between India and MENA region is home to some of the most exciting opportunities of the twenty-first century — and we’ll be exploring the trend-lines and headlines with you every Monday, Wednesday and Friday at 9am UAE time.

Indian businesses want a piece of MENA, the world’s most exciting economic bloc and an exporter of capital on a global scale. Major corporations and startups alike want to grow in Saudi Arabia, the UAE, Egypt, and beyond. Large groups are looking to the UAE for finance, the chance to monetize their businesses, or as a regional headquarters, while startups are attracted by regulatory clarity and new opportunities for expansion. And, of course, MENA is a magnet for outstanding Indian talent across just about every discipline you can name.

Arab businesses and governments alike look at India and see not just the world’s largest population, but one of the planet’s most compelling business stories. Whether it’s investment in energy, technology, manufacturing, or banking, MENA businesses and governments are deploying capital in India on a scale never-before seen. They’re eager to attract the subcontinent’s best and brightest to invest and do business in the Arab world — and who wouldn’t want to sell into India, whether you’re exporting energy, petrochemicals, or production inputs?

We think the flow of capital, talent, trade, and ideas between MENA and the Indian subcontinent is one of the defining economic stories of our time, and we’re looking forward to telling you the story in the same way that we’ve done for more than a decade in Egypt, the UAE, and Saudi Arabia: sharp, global, and ahead of the curve. We’ll bring you the headlines, explain why they really matter, and give you a peek into what’s happening behind the scenes.

EnterpriseAM MENA <> India is for C-suite execs and entrepreneurs — and bankers, business development pros, founders, and builders. Whether you’re reading us in Abu Dhabi, Riyadh, Mumbai, New Delhi, or points in between, this is your daily dose of fact and inspiration if you care about what happens along this exciting corridor.

IN THIS MORNING’S ISSUE: Stories of bold plays and pledges along the corridor. Egypt and India are aiming to double bilateral trade and New Delhi’s ambition to build globally competitive banks is getting attention.

AND- India’s state-run NBCC is making its UAE debut, joining hands with Dubai’s Pantheon Development on an AED 3 bn real estate pipeline. Apple is dialing production up to USD 28 bn next year, keeping India central to its global supply chain, while Emmvee Solar is talking up a USD 625 mn expansion as it kicks off subscriptions for its IPO this week.

And in energy news: Aramco is trimming prices to defend its Asian turf while Indian refiners put the brakes on Russian crude.

WATCH THIS SPACE-

#1- It’s IPO week for Emmvee: Bengaluru-based solar module and cell manufacturer Emm vee Photovoltaic Power plans to invest about INR 55 bn (USD 625.75 mn), Reuters reports. The expansion will raise its solar module capacity to 16.3 GW from 7.8 GW and its cell capacity to 8.94 GW from 2.94 GW by early 2028.

The news comes just hours ahead of the kickoff of Emmvee’s initial public offering, making the company the big file on Dalal Street this week as the nation’s second-largest integrated PV manufacturer looks to open subscriptions for its IPO on Tuesday, 11 November. Orders need to be in by 13 November.

Bankers are guiding for a c. INR 29 bn (USD 330 mn) IPO with the company raise fresh capital (c. 74% of the offering) at the same time as existing shareholders cash out some risk with a secondary sale (c. 26% of the offering). With nearly three-quarters of the proceeds going into the company’s coffers, Emmvee’s owners are sending a clear message that they have faith in the company’s growth prospects.

Where’s the money going? For the most part, Emmvee plans to use the fresh capital it’s raising to shore-up its balance sheet — about 75% will go to paying down debt it took on to fund its massive capacity expansion. The company is looking to retire some INR 16.2 bn (USD 185 mn) of long-term debt.

Domestic focus: The firm said its focus remains on India’s solar market, though it may explore export possibilities as conditions (read: the glut of low-cost Chinese PV on the global market) improve. The company expects limited impact from potential US tariffs on solar exports from India and is banking on strong domestic demand as the country targets 500 GW of non-fossil fuel energy capacity by 2030.

Emmvee has delivered strong top- and bottom-line growth under the Modi government’s multi-pronged industrial policy. This includes boosters on both the supply and demand sides.

Demand side: The government has a target of solarizing some 10 mn households through a substantial direct-to-consumer subsidy that could create demand for up to 30 GW of new residential capacity. A parallel program is looking to drive adoption of solar among farmers.

Supply side: A government-maintained “approved list of models and manufacturers” effectively shuts out Chinese suppliers, ensuring that domestic players capture the benefits of the demand-side programs. The government is also paying a direct subsidy to solar PV producers.

WHAT TO LOOK FOR TODAY: Bankers are building their book of anchor investors and should disclose it to the market this evening. We think it likely the offering will be priced near the top of the INR 217 per-share band. We’ll want to see a good mix of big international names (think the UAE’s Adia and Singapore’s GIC alongside Fidelity, BlackRock, etc) and big domestic mutual funds including HDFC, ICICI Prudential, and SBI Mutual.

ADVISORS- Lead managers and bookrunners for the offering are JM Financial, IIFL Capital Services,Jefferies India, and Kotak Mahindra Capital. Trilegal is providing counsel to the issuer on matters of Indian law. MSKC & Associates are auditors for Emmvee. KFin Technologies is registrar. Bankers to the Emmvee are Axis Bank and HDFC Bank.

#2- SPEAKING OF GREEN ENERGY- The rapid commissioning and development of renewable energy projects is straining India’s grid infrastructure, as new transmission networks are being built to cater to renewable supply rather than actual power demand, Reuters reports, citing an unnamed official at the Central Electricity Authority (CEA). Demand has not kept pace with the power generation and increased supply costs are straining revenues for state distribution companies, the newswire added.

Indian renewable energy output rose in 1H 2025 at its fastest pace since 2022, with non-fossil fuel sources accounting for half of installed capacity this year. With India set to add over 40 GW of installed capacity this year, a lot of the new projects may not be able to secure power purchase agreements due to the demand mismatch, leading to a supply glut.

The CEA is tightening planning cycles and is now reviewing transmission plans every six months and working with the India Meteorological Department for improved localized wind and solar forecasting. This aims to align real capacity, grid absorption, and costs.

#3- Pantheon + NBCC India ink memo on UAE projects: Kalpesh Kinariwala’s Dubai-based real estate developer Pantheon Development has inked an MoU with India-based, government owned engineering and infrastructure company NBCC India to jointly develop residential, hospitality, and mixed-use projects across the Emirates, Khaleej Times reports.

The partnership will support Pantheon’s AED 3 bn (USD 816 mn) expansion pipeline, focused primarily in Dubai and Ras Al Khaimah. NBCC will collaborate on project planning and execution, bringing more than six decades of experience and a project portfolio exceeding AED 50 bn (USD 13.6 bn).

BACKGROUND- NBCC is one of India's leading public-sector construction and redevelopment firms, engaged in large-scale housing, urban infrastructure, and civil works projects domestically and overseas. Kinariwala’s Pantheon has aggressively positioned itself as a champion of affordable luxury, centering its campaign on having delivered what it says is the first 10-year payment plan in the UAE.

#4- Apple plans to produce USD 28 bn worth of iPhones in India in the next fiscal year, up 21% over FY 2025, as per Business Standard. This increase will contribute significantly to exports, which are expected to reach USD 22 bn, up from USD 18 bn last year. The surge comes on the back of strong demand from the US market and peak shipping cycles during the October-December quarter.

Exports power growth: Apple shipped USD 10 bn worth of iPhones in 1H of FY 2026, marking a steep 75% y-o-y jump. Exports will account for 78% of total production even as domestic output sales continue to rise amid strong consumer demand for the iPhone 17 family of devices announced this past September.

Favourable backdrop: The IT Ministry expects Indian smartphone exports to reach USD 35 bn next year, led by Apple, which contributed 75% of smartphone exports in the first half. India’s smartphone production overall is projected to rise to USD 40 bn in FY 2026.

DATA POINTS-

#1- US tariffs weigh heavy on Tiruppur exporters: Exporters from the Tiruppur knitwear cluster in the southern state of Tamil Nadu have lost export orders worth about INR 120 bn (USD 1.44 bn) since the new US tariff took effect, The Hindu Businessline reports. Production has dropped by nearly 30%, though no job losses have so-far been reported among the cluster’s roughly 1 mn workers.

The dynamics right now: Exporters said US buyers have sought discounts of over 25% on ongoing and new contracts, forcing many companies to scale back output. The state government is supporting diversification toward EU markets, while exporters have urged the central government to extend relief measures and soft loan support to cushion the impact.

#2- Gold exchange-trade funds (ETFs) in India are on track for record inflows in 2025, with investments nearing INR 251 bn (USD 3 bn) so far this year, Bloomberg reports, citing World Gold Council data. This equates to about 26 tonnes of gold, nearly matching the combined value of ETF purchases made between 2020 and 2024. October alone saw inflows worth INR 71 bn (USD 850 bn), bringing total gold ETF assets to around INR 920 bn (USD 11 bn) and holdings to 83.5 tonnes.

PSA-

Air India Express will begin new flights to Abu Dhabi from 2 December, The Hindu Businessline reports. The airline will operate four weekly flights connecting Delhi and Abu Dhabi and three weekly runs linking Pune with Abu Dhabi.

THE BIG STORY ABROAD-

It’s a quiet morning in the international press, with all eyes on critical negotiations in Washington, DC, that pundits think could potentially end the 40-day-and-counting shutdown of the US government. At dispatch time this morning, the Senate had just voted 60-40 to advance a bill that would end the shutdown. The procedural vote will allow a full vote in the Senate on the bill, but no time for the vote has yet been scheduled. The House of Representatives would also have to sign off on the bill before it goes to President Donald Trump for signature. (Bloomberg | Axios)

The longest shutdown on record is weighing on the US economy, putting federal workers on leave, delaying food aid, and slashing airport trips, while also delaying the release of key economic figures on employment, inflation and oil trading. (CNBC | Washington Post | Reuters | Financial Times)

ALSO- Head of the BBC and its top news executive both resigned yesterday, following criticism of the broadcaster’s editing of a speech by President Trump on 6 January 2021. (Associated Press)

CIRCLE YOUR CALENDAR-

India will host the BRICS Summit in 2026 and plans a national showcase featuring cultural festivals and state events, Moneycontrol reports. The External Affairs Ministry has invited bids to handle nationwide branding and outreach activities across all states and territories as part of the BRICS presidency.

Check out our full calendar below at the end of this email for a comprehensive listing of upcoming news events, national holidays and news triggers.

Aramco cuts crude price to defend Asian market share, Russian barrels offer steeper reduction

SaudiAramco cut its December official selling price to Asia by roughly USD 1.2-1.4 / bbl from its November pricing, with its flagship Arab Light priced at USD 1 / bbl above Oman/Dubai benchmarks, Reuters reports. The cuts aim to defend the Saudi oil giant’s market share and sales volumes amid uncertainty around sanctioned Russian flows, as Indian refiners are scaling back on Rosneft and Lukoil-linked barrels.

Indian refiners may step up Gulf purchases: In a continuing bid to diversify away from Russia, Reliance Industries lifted its Saudi intake by 87% month-on-month in October, Businessworld reports. With more attractive December pricing, Indian state-run refiners are likely to follow suit. This could intensify competitive pressure across the region, which is already fearing a supply glut.

Also shaping the bigger picture: Russian Ural crude is now trading at the lowest price in a year, at about USD 4 / bbl below Brent, as Indian and Chinese refiners pull back after US sanctions on Rosneft and Lukoil, Reuters reports. Indian refiners — including Hindustan Petroleum Corp, Bharat Petroleum Corp, Mangalore Refinery and Petrochemicals, HPCL-Mittal Energy, and Reliance Industries — have hit pause on December orders of Russian oil, the newswire added. Together, these refiners account for c.65% of India’s imports of Russian oil.

Weakening Asian demand could further erode Russia’s fiscal strength ahead of President Putin’s India visit, as Washington ramps up pressure on both New Delhi and Beijing to dump Russian crude. Chinese state oil firms have also halted seaborne Russian purchases — non-sanctioned barrels trade at premiums while sanctioned cargoes are heavily discounted, the newswire added.

As Suez Canal traffic begins to recover, Egypt seeks to double trade with India to USD 12 bn

Egypt is positioning itself as a strategic logistics and industrial extension for India on the Mediterranean, with a target of increasing annual bilateral trade from a current USD 5 bn to USD 12 bn within a few years, Egypt’s Ambassador to India Kamel Galal told CNBC TV18. The ambassador stressed that India's manufacturing scale and service sectors align with Egypt's strategic geography and resources.

The new trade runway for India-Egypt is sectoral and monetizable, with Galal pointing out key avenues, including potentially adding USD 800 mn in additional trade volumes from the joint manufacturing of fashion goods in the Suez Canal Economic Zone, as well as rising solar panel imports from India. Egypt is also looking to the Indian IT sector as a major contributor to its digital transformation, particularly a USD 500 mn initiative for digital port automation. Meanwhile, agro-parks and value-added food processing for Egypt are being pitched to boost trade by an additional USD 1 bn by 2026 — with India already exporting basmati rice, spices, and fruit worth USD 300 mn in 2024.

Trade along the Suez Canal has stabilized since the Sharm El Sheikh Summit for Peace last month, the ambassador said, after it had been disrupted by Houthi militia attacks against commercial ships in the Red Sea between 2023-25. Transit volumes are now 85-90% of pre-2023 levels — helped by multinational naval escorts and AI-monitored drone patrols, he added.

Why does this matter for New Delhi? A secure Suez is critical for the India-Middle East-Europe Economic Corridor (IMEC), Galal said. A predictable Red Sea passage reduces arbitrage loss, stabilizes container schedules, and lowers risk pricing on goods moving from India to the Mediterranean. The IMEC was announced at the G20 Summit in 2023 as a major infrastructure and trade project connecting India to Europe via the Arabian Peninsula, and is predicted to reduce transit time by 40% and shipping costs by 30%.

Egypt argues its role in the IMEC is irreplaceable given its control of the Suez — which handles 12% of global trade. For Indian exporters, Egypt is signaling that the future play is collaboration and co-production going beyond traditional commodity trade as Egypt offers a wider access to the African continent.

REMEMBER: This comes after Egyptian Foreign Minister Badr Abdelatty’s meetings in New Delhi with Prime Minister Narendra Modi last month. Abdelatty stressed the need to set up an Egypt-India Business Council, a chamber of commerce, and a joint business forum. These initiatives are on the agenda for Commerce Minister Piyush Goyal’s visit to Egypt early next year. The two sides also floated proposals on setting up an Indian Industrial Zone inside the Suez Canal Economic Zone.

Government, RBI in talks to create world-class banks

The Indian government is in talks with the Reserve Bank of India (RBI) and lenders to encourage the creation of larger, more globally competitive banks through the potential mergers of state-run institutions, Reuters reports, citing Finance Minister Nirmala Sitharaman.

Discussions underway: India “needs a lot of big, world-class banks,” Sitharaman said, adding that work has already begun with the central bank and lenders. Consolidation of existing public-sector banks could be one approach, though developing the right ecosystem for expansion is equally important, she said.

Regulatory backdrop: The RBI lifted curbs last month on bank acquisition financing to boost credit flow in the real economy, Reuters reports, citing RBI Governor Sanjay Malhotra. The change allows banks to fund takeovers under new guardrails that cap lending at 70% of transaction value and limit debt-to-equity ratios. The move is part of a broader set of measures aimed at strengthening credit growth and ensuring stability across India’s banking system.

Reform context: The government had earlier merged 27 public-sector banks into 12 in 2020 to strengthen the sector. Building well-capitalised banks aligns with India's goal of becoming a developed economy by 2047 and is essential to meet the country’s growing credit needs, Sitharaman said. The government is also considering raising foreign investment limits in state-owned banks as part of its broader financial-sector reforms.

BY THE NUMBERS- India had 12 state-owned banks with combined assets of about INR 171 tn (USD 1.95 tn) as of March, accounting for roughly 55% of the country's banking sector.

THE UAE ANGLE-

The reform talks come as Adia was reportedly among the buyers of a 3.45% stake in RBL Bank recently sold by conglomerate Mahindra & Mahindra, according to Moneycontrol. The Indian conglomerate sold 21.1 mn shares at INR 320.7 each, marking a full exit from its holding in the private-sector Indian lender. The transaction is worth roughly INR 6.8 bn, according to our calculations.

The sale follows a surge in RBL Bank’s share price after RBL announced that Emirates NBD will launch its open offer for the Mumbai-listed bank’s public shares on Friday, 12 December. Emirates NBD’s board approved a plan last month to acquire 51-74% of India’s RBL Bank through a USD 3 bn preferential share issuance, marking what would be the largest foreign investment in India’s financial sector.

Other buyers included global investors Goldman Sachs, Morgan Stanley, Citigroup Global, and Societe Generale, alongside leading Indian institutional investors including SBI Mutual Fund, Kotak Mahindra Mutual Fund, and HDFC Standard Life Ins.

Financial stocks capture 91% of October foreign portfolio inflows

Foreign portfolio investors returned to Indian equities in October, with net inflows rising to INR 146.1 bn (USD 1.66 bn) — the highest in five months, according to National Securities Depository data.

Financial stocks captured INR 133 bn (USD 1.51 bn), covering 91% of all foreign inflows as investors anticipate a rebound in credit growth, improved earnings visibility, and still-reasonable valuations, according to Reuters.

IN CONTEXT: Foreign investors in emerging markets love good bank stocks, viewing them as lower-risk proxies for investing in the wider economy.

Strong market rally: Shares of state-run banks surged 8.7% during the period, while private-sector lenders and broader financial firms also gained between 4% and 6%, driven by improved earnings and asset quality at HDFC Bank and Axis Bank. Banking and finance sector stocks were the best performers in October. Benchmark indices — the NIFTY 50 and Sensex — rose about 4.5% in October, their strongest performance in seven months.

THE OUTLOOK- As credit growth in finance firms witnesses a revival, “the most attractive basket in Indian markets right now is financials — valuations are reasonable, and if earnings grow 10-12% as expected, FPIs will keep coming back,” Aditya Sood, fund manager at InCred Asset Management, told Reuters.

Oil and gas also joined the uptrend, with net buying of USD 1.04 bn, led by Reliance Industries, whose retail arm benefited from festive season demand. On a cautious note, the foreign portfolio investments have resumed selling this month with INR 98.45 bn (USD 1.1 bn) worth of shares sold in the first three trading sessions in November.

Crypto adoption is picking up across MENA, but who is leading the charge?

The MENA region stands as a dynamic hub for cryptocurrency adoption, with over USD 60 bn in transactions recorded at the end of 2024 — despite economic and geopolitical tensions, according to a report from blockchain analysis firm Chainalysis. Growth has slowed down compared to last year, yet it remains strong, showing the sector’s resilience and versatility across diverse national contexts. Regional crypto adoption grew 33% y-o-y in the fiscal year 2024-2025, with Turkey, the UAE, Egypt, Jordan, and Saudi Arabia leading the regional index.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Leading the region is Turkey, with nearly USD 200 bn in annual transactions between July 2024 and June 2025 — driven by inflation and currency instability that have pushed institutions toward crypto as an alternative investment tool. However, while institutional activity remains robust in the sector in a manner that was “rarely seen in emerging markets facing similar pressures,” retail participation shrank due to affordability issues, tighter regulations, and growing speculative altcoin trading.

As for the UAE, it saw its crypto economy grow 33% y-o-y in the fiscal year to record USD 56 bn in annual transactions. It has charted a contrasting path of regulated, institutional growth, attracting major players while also witnessing a boom in merchant-level crypto use. While this growth rate is slower than the 86.4% rate seen in the previous period, “it still demonstrates steady continuity in the country’s crypto economy.”

The bigger picture: India led the 2025 Global Crypto Adoption Index, followed by the US, Pakistan, Vietnam, and Brazil.

Redefining crypto’s place in global financial systems: “As the region continues to face economic and geopolitical challenges, these adaptation patterns offer valuable insights into digital assets’ evolving role in the global financial landscape,” the report said.

MARKETS THIS MORNING-

Asian markets are mixed in early trading this morning as investors digest China’s inflation data which was released over the weekend. South Korea’s Kospi is up 2.8%, while Japan’s Nikkei and the Hang Seng are looking at more modest gains. The Shanghai Composite is flat.

Sensex (previous close)	83,216	-0.1% (YTD: +6.5%)
NIFTY 50 (previous close)	25,492	-0.1% (YTD: +7.8%)
ADX	10,075	+0.5% (YTD: +7.0%)
DFM	6,025	+0.1% (YTD: +16.8%)
Tadawul	11,244	-0.5% (YTD: -6.6%)
EGX30	40,822	+2.2% (YTD: +37.3%)
Boursa Kuwait	8,386.19	-1.1% (YTD +21.4%)
QSE	11,047.84	-0.10% (YTD: +4.5%)
S&P 500	6,729	+0.1% (YTD: +14.4%)
FTSE 100	9,683	-0.6% (YTD: +18.5%)
Euro Stoxx 50	5,567	-0.8% (YTD: +13.7%)
Brent crude	USD 64.04	+0.6%
Natural gas (Nymex)	USD 4.45	+3.2%
Gold	USD 4,061	+1.3%
BTC	USD 106,500	+4.4% (YTD: +13.3%)

Vijayan pitches Kerala’s investment pipeline to Kuwaiti leadership

Kerala Chief Minister Pinarayi Vijayan pitched investments in Kuwait during his two-day visit to the country, where he met Kuwaiti First Deputy Prime Minister and Interior Minister Fahad Al Yousef Al Sabah last week, according to a post on X. He highlighted Kerala’s investment-friendly policies and sectoral project pipeline, and noted the contribution of the Malayali community Kuwait.

A senior delegation from Kuwait will visit Kerala to evaluate avenues for investment, Kuwait Times quotes Kuwait Investment Authority board member Meshal Jaber Al Ahmad Al Sabah as saying.

Pinarayi arrived in Abu Dhabi on Saturday for a two-day visit to pitch investments to Emirati investors, ANI reports. Vijayan’s visit to Kuwait and the UAE is part of his broader GCC outreach, having already visited Bahrain, Oman, and Qatar.

INDIA + QATAR-

India’s Labor and Employment Minister Mansukh Mandaviya discussed employment, migration, and social development cooperation with ministers from Qatar, Russia, Romania, and Mauritius during a three-day visit to Qatar last week, DD News reports. The minister also held similar discussions with officials from multilateral institutions, including the ILO and the UN. Mandaviya highlighted India’s achievements in social welfare, noting that over 250 mn people have moved out of poverty and social-security coverage expanded from 19% in 2015 to 64% in 2025. and met with Qatar’s Social Development and Family Minister Buthaina bint Ali Al Jabr Al Nuaim. The meetings came following Mandaviya’s participation in the World Summit for Social Development in Doha.

Sports diplomacy: Mandaviya separately pitched cooperating on sports and youth engagement with Qatari organizations, DD News reports, without providing further information.

Economic context: India-Qatar trade stood at about INR 1.17 tn (USD 14.08 bn) in FY 2023-24, driven largely by energy imports, according to government data.

INDIA + AUSTRALIA-

India and Australia are still working on fast-tracking an “early conclusion” of their Comprehensive Economic Cooperation Agreement (CECA), as Indian Commerce Minister Piyush Goyal met with Australian Trade Minister Don Farrell in Melbourne on Saturday, Press Trust of India reports. The negotiations aim to expand the partial Economic Cooperation and Trade Agreement that came into force in December 2022. The renewed push comes as both countries seek to secure supply chains and counter the export disruption triggered by the US imposing 50% tariffs on Indian goods this year. India-Australia trade stood at USD 24 bn in 2024, according to Bloomberg.

CALENDAR

NOVEMBER

6, 11 November (Thursday, Tuesday): Bihar Legislative Assembly Elections 2025 (Two-phase polling across Bihar)

13 November (Thursday): 3rd CII India Europe Business and Sustainability Conclave, Vishakhapatnam, Andhra Pradesh.

14 November (Friday): Counting of votes for Bihar Legislative Assembly Elections 2025.

17-21 November (Monday-Friday): Dubai Airshow 2025, Al Maktoum International Airport, Dubai.

19 November (Wednesday): ET Global Capability Centers (GCC) Annual Conclave 2025, Sheraton Grand Bengaluru, Bengaluru.

19-21 November (Wednesday-Sunday), Bengaluru Tech Summit 2025, Bangalore International Exhibition Centre (BIEC), Bengaluru.

21-22 November (Friday-Saturday): Global Economic Summit & World Trade Expo 2025, World Trade Center, Mumbai.

21-22 November (Friday-Saturday): BCKIC CSR & Sustainability Conclave 2025, Odisha State Convention Centre, Odisha.

22 November (Saturday): Finance Conclave 2025, The Park, Hyderabad.

26 November (Wednesday): GCC Annual Conclave 2025, Sheraton Whitefield, Bengaluru.

28 November (Friday): Launch of Lawh Wa Qalam: M.F. Husain Museum in Education City, Doha.

DECEMBER

3-7 December (Wednesday-Sunday): ENGIMACH Automation & Manufacturing Technology Expo, Helipad Exhibition Centre (Gandhinagar), Gujarat.

11 December (Thursday), FICCI Commercial Real Estate Conclave, Taj MG Road, Bengaluru.

Signposted to happen sometime in December 2025:

Russian President Vladimir Putin’s India Visit (Details yet to be announced).

Signposted to happen in 2H 2025:

G20 Summit 2025, Johannesburg, South Africa.

JANUARY

Signposted to happen sometime in 2026:

18th BRICS Summit, India (Details yet to be announced).

19-20 January (Monday-Tuesday): International Crop Science Conference and Exhibition 2026, Le Meridien Conference Centre, Dubai.

27-30 January (Tuesday-Friday): India Energy Week 2026, ONGC Advanced Training Institute, Goa.

30 January-1 February (Friday-Sunday):India Agri Expo 2026, Ludhiana Exhibition Centre, Punjab.

31 January (Saturday): Commencement of Budget Session 2026, Parliament of India, New Delhi.

FEBRUARY

1 February (Sunday): Union Budget 2026-27, Parliament of India, New Delhi.

3-6 February (Tuesday-Friday): ChemTECH World Expo 2026, JIO World Convention Centre, Mumbai.

19-20 February (Thursday-Friday): India - AI Impact Summit 2026, New Delhi.

19-20 February (Thursday-Friday): India-AI Impact Summit, Bharat Mandapam, New Delhi.

25 February (Wednesday): World Sustainable Development Summit, Taj Palace, New Delhi.

MARCH

12 March (Thursday): ET Entrepreneur Summit & Awards 2026, Bengaluru.

23-25 March (Monday-Wednesday): Indiasoft 2026: International IT Exhibition & Conference, New Delhi

23-25 March (Monday-Wednesday): 11th Smart Cities Expo, Bharat Mandapam, New Delhi.

23-25 March (Monday-Wednesday): PLASTIWORLD India 2026, Jio World Convention Centre, Mumbai.

Signposted to happen sometime in March 2026

Election Commission of India is expected to announce polling dates for elections in the states of Tamil Nadu, Kerala, West Bengal, Assam, and the union territory, Puducherry.

APRIL

29 April-2 May (Wednesday-Saturday): Bharat Buildcon 2026, Yashobhoomi, Dwarka, Delhi.

7-10 April (Tuesday-Friday), India Rubber Expo 2026, ITPO, Pragati Maidan, Delhi.

JUNE

24-25 June (Wednesday-Thursday): India Homeland Security Expo 2026, Bharat Mandapam, Pragati Maidan, New Delhi.

Signposted to happen sometime in 1H 2026:

Signing of India-Qatar FTA (Details yet to be announced).

DECEMBER

8-11 December (Tuesday-Thursday), Expand North Star 2025, Dubai.

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