January 15, 2012 9:43 PM

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MD of Abu Dhabi Investment Authority to visit India to explore investment opportunities

The Managing Director of the Abu Dhabi Investment Authority ,ADIA ,Sheikh Hamed bin Zayed Al Nahyan will visit India from 16-19th January .He will be accompanied by a high level delegation to explore investment opportunities in India.

During his visit he will meet the Finance Minister Mr. Pranab Mukherjee, External Affairs Minister Mr. S.M. Krishna, Urban Development Minister Mr.Kamal Nath, Commerce, Industry & Textiles Minister Mr.Anand Sharma.

Rural Development Minister Jairam Ramesh and Communication & IT Minister Mr. Kapil Sibal . He will also meet top financial and monetary authorities in India and leading members of the Indian Private sector in New Delhi, Mumbai and Bengaluru. India and India and the UAE enjoy are the largest trading partners for each other. The bilateral trade between the two countries was US$67 billion last year. Both India and the UAE have shown economic resilience during the recent economic crisis and offer opportunities in the trade and investment sectors.

UAE is among the top ten investing countries in India with an estimated investment of more than US$8 billion. Major investing companies are ADIA, Taqa, Dubai Ports World, EMAAR, Etisalat, TECOM, RAK Ceramics and RAK Investment Authority etc.

A large number of Indian companies have also invested in the UAE in various sectors including automobiles, shipping, manufacturing, health services, retail and real estate sectors.

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