Authored by Tsvetana Paraskova via OilPrice.com,
The United Arab Emirates has expressed intent to invest another $25 billion in India, including in the energy sector, Indian Commerce and Industry Minister Piyush Goyal said at a high-level meeting in Mumbai.
The UAE has already invested about $25 billion in India and has signaled its intent to invest another $25 billion in the near term, the Indian minister said at the 14th Meeting of the India-UAE High Level Joint Task Force on Investments.
The UAE ultimately targets to have $100 billion invested in India in the long term, according to the minister.
The UAE-India meeting was co-chaired by Sheikh Hamed bin Zayed Al Nahyan, managing director of Abu Dhabi Investment Authority (ADIA), and was attended by Thani bin Al Zeyoudi, the Emirati Minister of Foreign Trade.
The Indian minister noted that he held "productive discussions on further strengthening our robust trade & investment partnership, with a focus on advancing cooperation across energy, infrastructure, logistics, advanced technology, food security and other priority sectors."
ADIA's Al Nahyan and the Indian minister also discussed "accelerating the India-UAE economic partnership a
