India invites investments from UAE for infra

In a virtual session with United Arab Emirates on Monday, under the aegis of the 13th Joint Commission Meeting on Trade, Economic and Technical Cooperation,  India discussed a joint strategy to offset the economic and social impact of the covid-19 pandemic on both countries. It also invited investments from the Gulf nation in logistics, food parks, highways, ports, airports, renewable energy and defence.

“​Both sides expressed optimism over the growing trade, economic and investment cooperation between the two countries. The Indian side invited further investments from UAE in key sectors of the Indian economy such as infrastructure including logistics, food parks, highways, ports, airports, renewable energy and defence. The UAE side conveyed appreciation for the significant contributions made by the Indian expatriate community and expressed its willingness to further strengthen links in energy and food security,” a statement from the Indian foreign ministry said.

Indian foreign minister Subrahmanyam Jaishankar and his UAE counterpart Sheikh Abdullah Bin Zayed Al Nahyan participated in the interaction. Discussions between the ministers also revolved around regional issues pertaining to their neighbourhood and cooperation at the United Nations and other multilateral fora.