External Affairs Minister S M Krishna meeting United Arab Emirates (UAE) Foreign Minister Sheikh Abdullah bin Zayed al Nahyan in New Delhi on May 18, 2012.
External Affairs Minister S M Krishna meeting United Arab Emirates (UAE) Foreign Minister Sheikh Abdullah bin Zayed al Nahyan in New Delhi on May 18, 2012.
Sports

India, UAE set up High Level Joint Task Force to explore investment opportunities

NetIndian News Network

New Delhi, May 18, 2012

India and the United Arab Emirates (UAE) today decided to set up a High Level Joint Task Force to explore further opportunities in investments in the two countries.

The decision was taken bilateral talks here between External Affairs Minister S M Krishna and UAE Foreign Minister Sheikh Abdullah bin Zayed al Nahyan which focused mainly on the economic ties between the two countries and ways of enhancing them.
Mr Krishna told reporters after the meeting that the task force would be headed by Sheikh Hamad bin Zayed al Nahyan, the Managing Director of the Abu Dhabi Investment Authority, on the UAE side and Commerce, Industries and Textiles Minister Anand Sharma from the Indian side.
Mr Krishna pointed out that this was the third time that he and Sheikh Abdullah were meeting in less than a year, indicating the priority the two countries accoded to the bilateral relationship.
"Today we focused particularly on our economic ties. We discussed the forthcoming 3rd India-Arab Economic Conclave to be hosted in Abu Dhabi on 21-22 May 2012 and the proposed Road Show on investment in Abu Dhabi and Dubai that Indian officials intend to undertake in June so as to exchange information and clarify issues related to the investment climate in India," he said.
Mr Krishna said the UAE was India's largest trading partner, significant contributor to its energy security and hosts about 1.75 million Indian expatriates. 
He said the UAE leadership was now keen to address the issue of investments to bring it on par with the multi-faceted relations that the two countries enjoyed in all other sectors.
"Our bilateral relations have now acquired a new momentum and are progressing towards a comprehensive partnership for the mutual benefit of our countries," he added.
NNN
NetIndian
www.netindian.in