Business News: UAE Plans to Invest Around $50 Bn in India in Coming Years

06 Nov, 2023 Author: Ayushee Joshi

India-UAE Relations: India now has one of the fastest-growing economies, which makes it an ultimate destination for any country looking to invest and establish ties with. In a similar development, the United Arab Emirates (UAE) has announced plans to invest $50 billion in India, its second-largest trade partner. This investment is expected to be disclosed during Narendra Modi's meeting with UAE President Sheikh Mohammed bin Zayed in July 2024.

PM Modi and Sheikh Mohammed bin Zayed Meeting

Prime Minister Modi has visited Abu Dhabi five times since 2014, at the invitation of President Sheikh Mohammed bin Zayed. The UAE’s investment is projected to significantly enhance India’s industrial sector and infrastructure. Meanwhile, bilateral non-oil trade between the UAE and India has surpassed $100 billion. Business ties between the two nations have grown dramatically during the previous decade under PM Modi’s leadership.