Chidambaram, Khurshid and Sharma meet over UAE investments

Finance Minister P Chidambaram today discussed with his cabinet colleagues Salman Khurshid and Anand Sharma ways to attract investments from the UAE in the infrastructure sector.
"Finance Minister, myself and Commerce Minister have all gone to UAE. We were just following up on the important decisions that have to be taken. He (Chidamabaram) has been travelling, looking up for investments in infrastructure sector," External Affairs Minister Khurshid said.
He added "we are all pushing and making sure that whatever we said we must pursue and deliver it".
Seeking more foreign investment into India, Chidambaram had last month travelled to the UAE and had met with top officials there to discuss the scope for investing into the infrastructure sector and corporate bonds.

The Minister had also promised to look into the issues related to UAE investments in India.
The issue of early conclusion of the Bilateral Investment Promotion and Protection Agreement (BIPA) was also discussed between Chidambaram and Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

BIPA, according to sources, is aimed at encouraging flow of investments into India, especially in the infrastructure sector.
Chidambaram, according to a statement issued by the Indian Embassy, "assured that Indian government would look into some of the issues faced by UAE investments in India".

During his day-long visit on Sunday, Chidambaram had also met Sheikh Hamdan bin Rashid Al Maktoum, UAE Finance Minister and Sheikh Hamed bin Zayed Al Nahyan, Managing Director, Abu Dhabi Investment Authority (ADIA).
The UAE leaders expressed confidence in the growth story of India and felt the removal of minor obstacles would lead to a significant increase in UAE investments in India, the statement added.
Khurshid had visited the UAE in March while Commerce Minister Sharma had visited that country in February.