With increasing economic partnership between the two countries, the UAE has committed $75 billion towards infrastructure development in the country, the commerce ministry said, revealing that UAE is India's third largest trading partner and has already invested over $5.3 billion in Indian infrastructure and is currently one of the top five focus investment sections of UAE-India bilateral trade. Further it said that Invest India and the UAE Minister for Artificial Intelligence (AI) signed an agreement for India-UAE Artificial Intelligence Bridge and this will generate an estimated $20 billion in economic benefits during the next decade for both the countries. The MoU will spur development across areas like Block-chain, AI and Analytics as data and processing will be a catalyst for innovation and business growth across sectors.
