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India-UAE meet
Jan 29, 2014

The Union Minister of Commerce and Industry Shri Anand Sharma and Minister of Economy; Sultan bin Sayeed Al Mansouri held a bilateral meet at Bengaluru. During the meet Indian counterpart assured the United Arab Emirates that the Government of India will address legacy issues faced by Etisalat, TAQA, DP World, EMAAR, etc. without violating any judicial orders.

Both the leaders also discussed follow up action on decisions taken during the inaugural meeting of the India-UAE High Level Task Force on Investment. As a follow up action of the India-UAE High Level Task Force on Investment, a bilateral agreement was signed in December 2013. Working Groups on seven themes namely Infrastructure, Investment & Trade, Energy, Manufacturing & Technology, Aviation, Information and Communication Technology (ICT) and Legacy Issues has been constituted by Department of Industrial Policy & Promotion. All the Working Groups except the WG on ICT have met and submitted their recommendations.

The total trade between India and UAE crossed US$75 billion in 2012-2013.





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