siliconindia logo
Facebook Twitter google+ RSS Feed

India, UAE To Increase Trade By 60 Pct In Five Years

Wednesday, 11 January 2017, 10:57 Hrs
37
cmt right
38
Comment Right
52
cmt right
13
cmt right
Printer Print Email Email


GANDHINAGAR: Prime Minister Narendra Modi on Tuesday met UAE Minister Rashid Ahmad bin Fahad on sidelines of the Vibrant Gujarat summit and agreed that bilateral trade must be increased by 60 pct over the next five years, an official said.



Modi expressed satisfaction at the increasing trade and economic ties with the UAE, said External Affairs Ministry spokesperson Vikas Swarup, adding increase in bilateral investment was also a top priority for the government.



The Prime Minister identified railways, ports, airports and infrastructure sector as promising areas for UAE's investment, he said.



Modi also said that the ongoing discussions between the UAE's sovereign wealth fund ADIA (Abu Dhabi Investment Authority) and India's National Investment and Infrastructure Fund (NIIF) would yield early and fruitful results.



He also pointed out the tremendous possibilities in cruise tourism, linking Goa, Mumbai, Gujarat and Dubai. The UAE side concurred and said they would scale up partnership with India in all these areas.



The UAE Minister, who is leading a 50-member delegation, also conveyed the greetings of the Prime Minister of Dubai and the Crown Prince of Abu Dhabi.



Read Also:
Flipkart Forms Group, Makes Founder Binny CEO
Mumbai Launches India's Biggest Public Wi-Fi Network With 500 Hotspots


Source: IANS
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Follow SiliconIndia :
Write your comment now
Submit Reset