UAE-India fund targets Dh275b

india prime minister


UAE and India on Monday raised their partnership to a strategic level by setting up a UAE-India Infrastructure Investment Fund with a target of $75 billion (Dh275 billion) and establishing a mechanism for regular meetings between their security agencies to improve operational cooperation.
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday received visiting Indian Prime Minister Narendra Modi in Dubai. The Vice-President emphasised the historical ties that bind the UAE and India. The two leaders explored ways to strengthen the friendship and cooperation on strategic grounds that ensure the interests of both countries and people. Modi invited Shaikh Mohammad to visit India and he accepted, WAM reported.
Earlier at the Emirates Palace, His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces and Modi discussed bilateral relations and exchanged views on a number of regional and international developments.