India and the United Arab Emirates (UAE) are set to start a $75 billion fund to invest in Indian infrastructure projects. The announcement came during Prime Minister Narendra Modi´s two-day visit to UAE. Modi told investors in Abu Dhabi India needs as much as $1 trillion for investments in sectors ranging from energy to tourism. A joint statement released by the two governments stated UAE would help India develop strategic petroleum in addition to its upstream and downstream petroleum sectors. A target has been set to increase bilateral trade by 60 per cent in the next five years.
FlashNews:
Lending Versatility to Modern Infrastructure with Coated Steel
India Post to Grow Revenue by 30% in FY26 under Scindia’s Vision for Performance-Driven Public Service
Solar Now Far Cheaper Than Conventional Energy as Tariffs Fall: Joshi
India Surpasses Clean Energy Goal with 50% of Grid Now Powered by Non-Fossil Sources
Mumbai-Ahmedabad Bullet Train to Launch with Japan’s Next-Gen Shinkansen Technology
From Trade to Tourism, Sonowal Envisions a New Global Role for BIMSTEC
Railways to Begin Massive CCTV Rollout Across Trains to Boost Onboard Security
Ceinsys Tech Wins ₹1.15 Billion MMRDA Contract for Real-Time Infrastructure Monitoring Platform
Siemens Secures ₹7.73 Billion Contract for Nagpur Metro’s Advanced Signalling and Telecom Systems
DFCCIL Launches India’s First Private Gati Shakti Cargo Terminal on Western Freight Corridor
India Clears Elon Musk’s Starlink for Satellite Internet Rollout
GAIL, OIL Extend 15-Year Gas Supply Pact for Rajasthan Fields
Invest in IREDA Bonds to Support India’s Green Energy Transition and Save Tax
India Invites Feedback on Oil & Gas Reforms Ahead of Landmark OALP Round X: Hardeep Singh Puri
₹50 Billion Boost for Northeast Waterways; Kaladan Project to be Operational by 2027: Sonowal
Tata Sons’ Chandrasekaran Outlines Energy Transition Runway Amid Group’s Moment of Reflection
CII President Rajiv Memani Offers Blueprint for a Competitive Viksit Bharat
JSW Paints to Acquire Majority Stake in Akzo Nobel India in ₹89.86 Billion Deal
India to Extend Digitalisation of Public Services to the Power Sector with India Energy Stack
Home » India, UAE to Start Multibillion Dollar Fund
India, UAE to Start Multibillion Dollar Fund
Infrastructure Finance
September 1, 2015September 1, 2015
Leave a Reply
You must be logged in to post a comment.