Tuesday, June 16, 2009

UAE wants to invest in infrastructure sector in India

UAE is looking for more opportunities for investment in the infrastructure and other areas in India.

This was conveyed by Foreign Minister of UAE Sheikh Abdullah Bin Zayed Al Nahyan who met External Affairs minister S M Krishna today and discussed bilateral relations, regional and multinational issues.

He is on a two-day official visit here from June 11. Acknowledging the contribution made to economies of both the countries by 1.5 million Indian present in UAE, the ministers also explored new avenues of cooperation, especially in the domain of trade and economy.

The visiting minister said UAE, which has invested over US Dollars 4.5 billion in India through FDI and FII route and was among the the top ten investors, was looking for more opportunities in infrastructure and other areas in India to invest, a Ministry of External Affairs statement said.

The visiting dignitary also met Vice President Hamid Ansari and Minister of New and Renewable Energy Farooq Abdullah.

During the discussions both the sides underscored the excellent and wide ranging special bilateral relationship and agreed to enhance cooperation in energy sector especially in the renewable sources of energy.

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