UAE Keen On Investing In India In A Big Way: Union Minister Piyush Goyal

New Delhi: India’s commerce and industry minister in an exclusive interaction with ABP News said that UAE is keen on investing in India in a big way. UAE’s Sovereign investment fund Abu Dhabi Investment Fund (ADIA) is looking at big ticket investments in India’s infrastructure.

The government has already started formal negotiations for a Comprehensive Economic Development Agreement (CEPA) to tap global opportunities together, in a bid to boost bilateral trade.

The Indian government is also working on removing all road blocks from the proposed $75 billion investment commitments from the UAE government.

India is the UAE’s third largest trading partner with $60 billion, after China and the US. The UAE is the second largest export destination of India (after the US) with a value of nearly $29 billion for the year 2019-20.

For the UAE, India is the second largest trading partner for 2019 with an amount of around $41.43 billion (non-oil trade), as per figures released by the Indian missions in the country.