UAE sovereign wealth fund invests over $10bn in India in past 5 years: Indian ambassador to UAE

United Arab Emirates Believe in India’s growth story, its sovereign wealth fund has invested over $10 billion in India Sanjay Sudir, Ambassador of India to the UAE. Here, Sudhir was speaking at CREDAI’s annual conference ‘NATCON 2022’, the apex body of real estate agents, asking builders to learn from the experience of UAE real estate companies and explore partnerships with them.

he emphasized Indian company The UAE is also investing heavily in many sectors, including energy.

Sudhir, who joined India’s foreign ministry in 1993, said: “Our bilateral relationship gives you the opportunity to work with Emirati companies on a wide scale and learn from their experience.”

He added that India’s partnership with the UAE is accelerating rapidly.

“We have seen this reflected in the investments of leading UAE companies in India over the past few years.

“Over $10 billion has been invested in the past five years alone UAE Sovereign Wealth Fund across renewable energy, telecommunications, road infrastructure, affordable housing and startups,” Sudhir said.

The ambassador said it was a two-way investment and said Indian companies were also investing in the UAE.

Sudhir said that with high density fiber And the Kotak Group is strengthening.

He said the UAE believes in India’s growth story, which presents many opportunities for Indian businesses to grow.

Sudir said India-UAE bilateral relations have come a long way in the past eight years.

CREDAI has over 13,000 developers as its members.

Over 1,300 developers from India attended the three-day conference.