30-December-2024
Economy News
 
UAE hikes investment pledge to $100 billion
08-Oct-2024

The investment commitment of the United Arab Emirates (UAE) in India could top $100 billion from the earlier stated goal of $75 billion and on Monday both sides discussed in detail about setting up food parks in India to exclusively serve UAE markets, commerce and industry minister Piyush Goyal said. “We have also reviewed the progress in the $75 billion investment that was planned from UAE to India, which when we discussed today, will fructify to nearly $100 billion investment in infrastructure, manufacturing, public markets and various other forms of investment,” the minister told reporters after the 12th meeting of India-UAE High Level Task Force on Investments. The “Food Corridor” that the discussions centred on will involve investment of $2 billion to set up food processing units that will make products suitable for the UAE palette and food park logistics that will be required to move the products to UAE. “The UAE has made an initial commitment of $2 billion.

News Source:- https://www.financialexpress.com/policy/economy-uae-hikes-investment-pledge-to-100-billion-3633139/