Friday, January 20, 2012

UAE to invest in India

UAE and India  have agreed to set up a joint working group to facilitate the flow of investments, commerce and industry ministry said in a statement after the meeting.Abu Dhabi Investment Authority the sovereign wealth fund of the United Arab Emirates, Monday expressed "keen interest" in increasing investment in India, especially in infrastructure sector.

"This is an opportunity to enter this huge market," said Sheikh Hamed bin Zayed Al Nahyan, managing director of Abu Dhabi Investment Authority, who is on a visit here.

Sheikh Hamed discussed the investment opportunities with Commerce and Industry Minister Anand Sharma during a meeting at Udyog Bhawan here.

"We will be very happy to see your participation in Indias infrastructure building, Sharma said.

The two country have agreed to set up a joint working group to facilitate the flow of investments, commerce and industry ministry said in a statement after the meeting.

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