India has invited the investors from UAE to join the India growth story as a partner in the infrastructure sector projects. UAE has invited Indian companies for investments in the renewable energy sector. The two sides have agreed on a Joint working group to set up a strategic petroleum reserve in India to serve the common strategic interests of both countries and based on the principles of long term strategic partnership and cooperation .These are some of the outcomes of the second meeting of India-UAE High Level Joint Task Force on Investments, HLTFI held in Mumbai Monday. The meeting was co-chaired by Union Minister of Commerce & Industry Anand Sharma, and Chairman of the Abu Dhabi Crown Prince Court ,Sheikh Hamed bin Zayed Al Nahyan. The meeting also acknowledged the $1.6 billion investment by Abu Dhabi National power company or the TAQA by purchasing of two hydroelectric power projects in Himachal Pradesh. The issues related to the existing UAE investments in India by Etisalat, Emaar & DP World came up for discussion. India and UAE also agreed upon an action plan to expedite progress across all five high level joint working groups set up during the first HTLF meeting in Abu Dhabi.