Dubai: India and United Arab Emirates Explored mutually beneficial ways and incentives to facilitate investment United Arab Emirates‘ Sovereign Investment Institutions in key priority areas in New Delhi.
The two countries also noted the importance of ending the negotiation process of amending the long-standing bilateral investment treaty of the UAE and India at the earliest.
These issues came up for discussion during a meeting between Sheikh Hamid bin Zayed Al Nahyan and Member of the Executive Council of the Emirate of Abu Dhabi. Piyush Goyal, Minister of Commerce and Industry.
The two co-chaired the ninth meeting of the UAE-India High Level Joint Task Force on Investment here.
“The meeting also discussed the exploration of mutually beneficial ways and incentives to facilitate further investments from UAE sovereign investment institutions in key priority areas in India… agreed to continue to focus on ways to provide sovereign investment institutions,” an official statement said.
Noting the importance of air transport in facilitating bilateral relations and people-to-people contacts, India and the United Arab Emirates agreed that their respective civil aviation authorities should continue to work together on a priority basis for mutual benefit. to ensure rapid generalization. air transport operations.
The statement also said that the progress of the ongoing discussions for the India-UAE Comprehensive Economic Partnership Agreement was reviewed.
The involvement of the UAE Special Desk within Invest India was discussed to expedite the resolution of both legacy issues and the current difficulties experienced by UAE firms and banks in India.
“The two sides agreed to continue coordination and cooperation at the highest official level for an early resolution of these issues,” the statement said.
Commenting on the ninth meeting of the Joint Task Force, Al Nahyan said that it is an important forum for enhancing new opportunities for dialogue, trade and investment between the two countries, and removing barriers to further cooperation.
“Looking ahead, India and the UAE share ambitious goals to expand trade and investment activities between our countries, and the Joint Task Force will continue to play an important role in achieving these objectives,” he added.
Goyal said that given the strong growth prospects of the Indian economy, “we look forward to increased investments from the UAE in India’s diverse sectors”.
The Joint Task Force was established in 2013 as a premier forum to promote economic ties between the UAE and India.
The two countries also noted the importance of ending the negotiation process of amending the long-standing bilateral investment treaty of the UAE and India at the earliest.
These issues came up for discussion during a meeting between Sheikh Hamid bin Zayed Al Nahyan and Member of the Executive Council of the Emirate of Abu Dhabi. Piyush Goyal, Minister of Commerce and Industry.
The two co-chaired the ninth meeting of the UAE-India High Level Joint Task Force on Investment here.
“The meeting also discussed the exploration of mutually beneficial ways and incentives to facilitate further investments from UAE sovereign investment institutions in key priority areas in India… agreed to continue to focus on ways to provide sovereign investment institutions,” an official statement said.
Noting the importance of air transport in facilitating bilateral relations and people-to-people contacts, India and the United Arab Emirates agreed that their respective civil aviation authorities should continue to work together on a priority basis for mutual benefit. to ensure rapid generalization. air transport operations.
The statement also said that the progress of the ongoing discussions for the India-UAE Comprehensive Economic Partnership Agreement was reviewed.
The involvement of the UAE Special Desk within Invest India was discussed to expedite the resolution of both legacy issues and the current difficulties experienced by UAE firms and banks in India.
“The two sides agreed to continue coordination and cooperation at the highest official level for an early resolution of these issues,” the statement said.
Commenting on the ninth meeting of the Joint Task Force, Al Nahyan said that it is an important forum for enhancing new opportunities for dialogue, trade and investment between the two countries, and removing barriers to further cooperation.
“Looking ahead, India and the UAE share ambitious goals to expand trade and investment activities between our countries, and the Joint Task Force will continue to play an important role in achieving these objectives,” he added.
Goyal said that given the strong growth prospects of the Indian economy, “we look forward to increased investments from the UAE in India’s diverse sectors”.
The Joint Task Force was established in 2013 as a premier forum to promote economic ties between the UAE and India.
.