Economy

UAE reiterates commitment to invest more in India

Our Bureau New Delhi | Updated on January 22, 2018


United Arab Emirates (UAE) is keen to invest in India, especially in opportunities arising out of various initiatives announced by the government such as ‘Make in India’ and ‘Digital India’, according to Reem Ibrahim Al Hashimi, Minister of State, UAE.

The country is also interested in investing in the infrastructure sector in India and the newly launched India-UAE Business Council would contribute towards stepping up bilateral relations, Hashimi said addressing the India – UAE Business Meet organised by the governments of India and UAE and industry body CII on Thursday. Prime Minister Narendra Modi’s visit to the UAE last month led to several significant announcements which included setting up of the UAE-India Infrastructure Investment Fund and the commitment made by the two sides to step up bilateral trade by 60 per cent over the next five years, said Anil Wadhwa, Secretary (East), Ministry of External Affairs.

Wadhwa added that at the just concluded India-UAE 11th joint commission meeting for economic and technical cooperation, the UAE team had reiterated its commitment to undertake extensive investments in India.

Published on September 03, 2015

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