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India, UAE deliberate on opportunities to increase investments

16 Oct 2018 Evaluate

In order to drive investments in areas including highways, airports and infrastructure, India and the UAE have deliberated on opportunities for cooperation and investment in both the countries.

Both the sides also discussed a number of potential investment projects in India, in the highways sector; infrastructure corridor projects; Sagar Mala projects and New Greenfield Airports. Besides this, a fast track mechanism has been announced between India and the UAE to attract investments.

Meanwhile, the bilateral trade between India and the UAE stood at $49.88 billion in 2017-18, as against $52.7 billion in the previous fiscal and the UAE is the tenth largest investor in India. The country received $1.05 billion foreign direct investment from the UAE in 2017-18.

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