Multi-Billion Fund

As per the Joint Statement signed between India and UAE issued on 17th August, 2015, it was decided to establish India-UAE Infrastructure Investment Fund, with the aim of reaching a target of USD 75 billion to support investment in India’s plan for rapid expansion of next generation infrastructure, especially in railways, ports, roads, airports and industrial corridors and parks. During the recent visit of UAE delegation led by Minister of Foreign Affairs, an India-UAE Business Forum was organized to encourage UAE investors to raise their investments in India. Presentations were made before the Business delegation especially in the field of Infrastructure Investment Fund, Make in India Initiative and on investment opportunities in Electronics, Ports, Railways, National Highways, Construction, Delhi-Mumbai Industrial Corridor projects.

During the recent visit of the Hon’ble PM to UAE, it was decided to boost India –UAE trade by 60% in the next five years. The initiative offers scope for UAE investors in as many as 25 sectors including infrastructure, energy including renewable energy, defence, railways and highways.

This information was given by the Minister of State(Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.