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India, UAE Cement Trade Ties

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Gandhinagar: UAE Minister Dr. Rashid Ahmad bin Fahad calls on Prime Minister Narendra Modi, on the sidelines of the Vibrant Gujarat Global Summit 2017, in Gandhinagar on Jan 10, 2017. (Photo: IANS/PIB)
UAE Minister Dr. Rashid Ahmad bin Fahad calls on Prime Minister Narendra Modi, on the sidelines of the Vibrant Gujarat Global Summit 2017, in Gandhinagar

India, UAE to increase trade by 60 percent in five years….reports Asian Lite News

Gandhinagar: UAE Minister Dr. Rashid Ahmad bin Fahad calls on Prime Minister Narendra Modi, on the sidelines of the Vibrant Gujarat Global Summit 2017, in Gandhinagar on Jan 10, 2017. (Photo: IANS/PIB)
UAE Minister Dr. Rashid Ahmad bin Fahad calls on Prime Minister Narendra Modi, on the sidelines of the Vibrant Gujarat Global Summit 2017, in Gandhinagar

Prime Minister Narendra Modi met UAE Minister Rashid Ahmad bin Fahad on sidelines of the Vibrant Gujarat summit and agreed that bilateral trade must be increased by 60 percent 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.

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