Home / Economy / News / India, UAE sign 14 pacts, but none on the $75-bn infra fund

India, UAE sign 14 pacts, but none on the $75-bn infra fund

On the failure to sign the agreement, officials said talks were in advanced stages

Narendra Modi, Sheikh Mohammed Bin Zayed, India, Abu Dhabi

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Prime Minister Narendra Modi shakes hands with Sheikh Mohammed Bin Zayed, Crown Prince of Abu Dhabi before a meeting at Hyderabad House in New Delhi.

Archis Mohan

Last Updated : Jan 26 2017 | 11:47 AM IST

India and the United Arab Emirates (UAE) on Wednesday signed 14 pacts to strengthen cooperation across several sectors, including areas such as defence, security, trade and energy.

Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan held one-on-one and delegation level talks, subsequent to which the agreements were signed. The crown prince is the chief guest at Thursday’s Republic Day parade.

But, the dampener was the failure on the two sides to agree on a memorandum of understanding to facilitate investments in infrastructure projects in India from the $75 billion UAE-India infrastructure investment

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