UAE has assured to invest $ 2 Billion in infrastructure projects in India. At the first meeting of the India-UAE task force on investment held on Monday in Abu Dhabi, Anand Sharma, India’s Commerce and Industry Minister, said UAE will assist India to establish strategic oil reserves in India.
Hamed Bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince Court was the co-chair of the first meeting of the task force. The two sides have agreed to setup a committee to look into bilateral issues in infrastructure and energy; manufacturing and technology; investment in trade, ICT and civil aviation.
UAE firms like Etisalat, DP World, Emaar and TAQA have been facing problems relating to their investments in India, and the minister assured that the government will take steps to protect their investments.