Business Standard

Sunday, December 22, 2024 | 01:53 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

UAE says ball in India's court to set up $75 billion investment fund

Emirates ambassador looks to an India-UAE open sky pact, rejects reports that Dawood's assets seized

UAE, India, Narendra Modi, Al Nahyan
Premium

Prime Minister Narendra Modi shakes hands with Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, in New Delhi. Photo: PTI

Archis Mohan
The United Arab Emirates has attributed the delay in setting up the $75 billion UAE-India Infrastructure Investment Fund on New Delhi's failure in putting in place the necessary governance structures. The UAE is keen that New Delhi expedites the process and has also shown interest to have an 'open sky policy' in the aviation sector and an improved bilateral investment agreement.
Prime Minister Narendra Modi's visit to the UAE in August 2015 was a watershed in many ways, and not just because Modi was the first Indian PM in 34 years to have visited the Emirates, which is one of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in