According to the ministry's analysis, exports of electrical machinery and equipment rose by 67 per cent to USD 916.53 million during June-August 2022.
He added that the trade and investment agreements between the two governments will open the doors to more business deals mutually beneficial to both countries.
The ministers launched 'India-UAE Start-up Bridge' at the India-UAE Partnership Summit, organised by industry body CII.
The CEPA is likely to benefit about USD 26 billion worth of Indian products that are subjected to 5 per cent import duty by UAE.
Under this domestic exporters in various sectors like textiles, agriculture, dry fruits, gems and jewellery will get duty-free access to the UAE market.