Tuesday March 26, 2019
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India and UAE to raise $75 billion infrastructure fund; UAE to ally with India against terrorism

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Photo: India Today

By NewsGram Staff-Writer

Abu Dhabi: In order to tap into the huge potential of the infrastructure sector in India, India and UAE have decided to set up an infrastructure fund and raise up to $75 billion.

Photo Credit: NDTV
Photo Credit: NDTV

The fund would be used to invest in India’s expansion projects in infrastructure sector especially in railways, ports, roads, airports, industrial corridors and parks.

Prime Minister Narendra Modi on Monday had offered $1 trillion investment opportunity and had strongly urged the UAE’s businessmen to invest in India.

Modi had addressed a round-table conference of businessmen at Masdar and had appealed to them to invest saying, India now has a decisive government and several sectors like defense, railways, insurance etc. have been opened for foreign investments.

India and UAE have decided to promote strategic partnership in energy sector and also assist involvement of Indian companies in infrastructure projects in UAE. India has also decided to partner with UAE in developing petroleum reserves and to promote and expand trade in respective regions.

India would assist UAE to create an industrial base by letting UAE tap into its expertise in small and medium enterprises.

On the educational and scientific front, both the countries have decided to have collaboration between their educational institutions and further encourage scientific collaboration in areas such as renewable energy, desert ecology, healthcare etc.

In a significant move, Prime Minister Narendra Modi and Crown Prince Sheikh Mohamed bin Zayed AI Nahyan agreed to join hands against terrorism, radicalism and organized crime. With this, UAE has decided to align with India in its fight against terrorism, moving away from its traditional ally- Pakistan.

The joint statement released said: “oppose terrorism in all forms and manifestations … calling on all states to reject and abandon the use of terrorism against other countries, dismantle terrorism infrastructures where they exist, and bring perpetrators of terrorism to justice.” The statement then asked all countries “to fully respect and sincerely implement their commitments to resolve disputes bilaterally and peacefully, without resorting to violence and terrorism.

Next Story

UAE Launches ‘Lose to Win’ Programme to Help Overweight Employers to Shed Extra Kilos

The programme team comprises nutritionists and health educators from the Health and Education Department of the ministry

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overweight, UAE
Apart from awareness sessions, the programme includes a workshop on healthy nutrition. Pixabay

The United Arab Emirates (UAE) government has launched a programme to help overweight employers to shed extra kilos, the media reported.

The ‘Lose to Win’ programme was launched by the Ministry of Health and Prevention (MoHAP), the Gulf News reported on Saturday.

Serving the employees of the Ministry of Infrastructure Development in its current edition, the programme guides and encourages those struggling with weight issues to learn how to induce positive changes in their lifestyles.

UAE, overweight
It involves adopting a healthy diet and engaging in physical activity, helping employees lose excessive weight within eight weeks. Pixabay

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It involves adopting a healthy diet and engaging in physical activity, helping employees lose excessive weight within eight weeks. The programme team comprises nutritionists and health educators from the Health and Education Department of the ministry.

Apart from awareness sessions, the programme includes a workshop on healthy nutrition, where the participants are briefed on essential topics, including how to read food labels, as well as about the make-up of balanced diets. (IANS)