UAE lines up $17-bn for Indian infra sector

As many as 17 UAE-based companies have confirmed their investment in India's infrastructure sector in the recent past, Emirates News Agency, WAM, said quoting railway minister and minister of commerce and Industry, Pyush Goyal. UAE has committed $75 billion investments in India's infra sector. In fact, the Indian Government has been assisting over 200 UAE-based businesses to obtain licenses and approvals, and all efforts are being made to resolve pending issues by the specialized Joint Working Groups formed for this purpose. The minister co-chaired a high powered meet with Sheikh Hamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince's Court, in Abu Dhabi, recently, to discuss investment opportunities for the UAE in several important sectors, including oil and gas, civil aviation, construction, food processing, renewable energy, infrastructure and shipping. The Joint Task Force set up for the purpose has has been promoting, facilitating and expanding investments between India and the UAE over the years.