PM encourages UAE funds to invest in India

SHEIKH KHALED WAS AMONG THE WORLD LEADER: WHOM MODI MET ON THE MARGINS OF THE ALIMPACT SUMMIT ON THURSDAY

- HT Correspondent

Prime Minister Narendra Modi and the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, on Thursday encouraged sovereign wealth funds of the United Arab Emirates (UAE) to continue investing in the Indian economy and explored collaboration in strategic sectors such as space, nuclear energy and technology.

Sheikh Khaled was among the world leaders whom Modi met on the margins of the Al Impact Summiton Thursday, the others being Dutch Prime Minister Dick Schoof, Greek Prime Minister Kyriakos Mitsotakis and Swiss President Guy Parmelin. Besides collaboration in the field of AI, the meetings focused on bilateral cooperation in awide range of areas.

Modiand Sheikh Khaled, who is on his second official visit to India since 2024, acknowledged the progress in bilateral ties in sectors suchas defence and security, trade and investment, and education, and noted that there has been “remarkable growth” in bilateral trade and investment since India and the UAE signed the Comprehensive Economic Partnership ‘Agreement (CEPA) in February 2022.