India seeks investments from UAE in infra, energy and defence sectors

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According to a statement issued by the Indian foreign ministry, India is seeking further investments from the United Arab Emirates (UAE) in key sectors such as food parks, logistics, highways, ports, airports, renewable energy and defence.

On Monday, in a virtual discussion, Indian foreign minister Subrahmanyam Jaishankar and his UAE counterpart Sheikh Abdullah Bin Zayed Al Nahyan discussed extensively about a joint strategy to offset the social and economic impact of the pandemic on both countries. The meeting took place under the aegis of the 13th Joint Commission Meeting on Trade, Economic and Technical Cooperation, said the statement.

“​Both countries expressed optimism over the growing trade, economic and investment cooperation between the two countries. The UAE side conveyed appreciation for the significant contributions made by the Indian expatriate community and expressed its willingness to further strengthen links in energy and food security,” the statement read.

The discussions were described as ‘wide-ranging’ and took place in a ‘friendly, frank and constructive atmosphere, reflecting the strong bilateral ties between the two strategic partners.’

​Both nations also agreed to strengthen cooperation in ongoing areas and also to explore cooperation in newer areas reflecting the changing times.

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