"In response to recent inaccurate stories in the media, Emirates can confirm it has no plans to acquire a stake in any airline in India or elsewhere," an Emirates spokesperson told daily Khaleej Times.
The spokesperson added that the carrier was "focused on its own growth" and was investing substantially in its own fleet and network expansion plans.
Earlier reports in India, quoting unnamed sources, had said that Emirates was in talks to pick up a stake in SpiceJet.
Last week, SpiceJet CEO Neil Mills put in his papers and rumours were fanned of a possible stake sale to a Middle East carrier.
This followed the clearance of a modified deal between Abu Dhabi-based airlines Etihad and India's Jet Airways by India's Foreign Investment Promotion Board, under which the Etihad would get 24 per cent stake in Jet Airways for Rs 2,058 crore (Rs 20.58 billion).
Emirates flies 185 weekly flights to 10 cities in India. The airline has a weekly seat capacity of 54,200 from Indian cities to Dubai.
FIPB clears Jet-Etihad deal with some riders
Neil Mills quits as SpiceJet CEO
SC fiat to CBI on Aircel-Maxis deal involving Maran
Real Madrid is world's most valuable team! Check out top 10
Etihad agrees to cut number of directors on Jet board