India-UAE
UAE investments in India cross $10b: Ambassador Sudhir
Indian envoy to UAE Sunjay Sudhir said the UAE sovereign wealth funds have invested over $10 billion in India.
These investments over the last five years have been across sectors such as renewable energy, telecom, road infrastructure and affordable housing and startups, he was quoted as saying by Gulf Today at the CREDAI NATCON 2022, adding that the bilateral relations between the countries have been accelerating with rise in two-way investments.
“We have made rapid strides in bilateral relations since 2014,” the envoy said, adding that the Comprehensive Economic Partnership Agreement (CEPA) signed this year now covers almost 98 per cent of the trade with the UAE.
Sheikh Mohammed Bin Nahyan Bin Mubarak Al Nahyan, on behalf of his father, Sheikh Nahyan Bin Mubarak Al Nahyan, Member of the UAE Cabinet and Minister of Tolerance and Coexistence inaugurated the CREDAI’s NATCON 2022 at Yas Island Abu Dhabi.
Amb @sunjaysudhir delivered the keynote address at the @CREDAINational NATCON in Abu Dhabi. The real estate mega event brings together the entire ecosystem of this crucial sector of the economy. @MEAIndia @IndianDiplomacy @cgidubai @DoC_GoI @PiyushGoyal pic.twitter.com/776p8KaKut
— India in UAE (@IndembAbuDhabi) November 12, 2022
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