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India-UAE
Image: India In UAE twitter page

UAE investments in India cross $10b: Ambassador Sudhir

| @indiablooms | Nov 16, 2022, at 12:05 am

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.

 

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