India, UAE focus on methods to facilitate investments : The Tribune India

Dubai, October 2 

India and the UAE on Saturday explored mutually helpful strategies and incentives to facilitate investments from the United Arab Emirates’ sovereign funding entities in key precedence sectors in New Delhi.

Each the nations additionally famous the significance of concluding the negotiation strategy of amending the UAE and India’s lengthy standing Bilateral Funding Treaty as quickly as attainable.

These points got here up for dialogue throughout a gathering between Sheikh Hamed bin Zayed Al Nahyan, Member of the Govt Council of the Emirate of Abu Dhabi, and Piyush Goyal, Minister of Commerce and Business. 

Each co-chaired the ninth assembly of the UAE-India Excessive Degree Joint Job Drive on Investments right here.

“On the assembly, discussions have been additionally held on exploring mutually helpful strategies and incentives to facilitate additional funding from UAE sovereign funding entities in key precedence sectors in India…each side agreed to proceed to concentrate on methods of offering tax incentives to sure UAE sovereign funding entities,” an official assertion stated. 

Given the significance of air transport in facilitating bilateral ties and people-to-people connections, India and the UAE agreed that their respective civil aviation authorities ought to proceed to work collectively on a precedence foundation, for his or her mutual profit, to make sure the speedy normalisation of air transport operations.

The assertion additionally stated the progress of ongoing discussions for the India-UAE Complete Financial Partnership Settlement was reviewed.

The involvement from the UAE Particular Desk inside Make investments India in expediting the decision of each legacy points and present difficulties skilled by the UAE corporations and banks in India have been mentioned.

“Each side agreed to proceed coordination and cooperation on the highest official ranges for the early decision of those points,” it stated.

Commenting on the ninth assembly of the Joint Job Drive, Al Nahyan stated it is a crucial platform for dialogue between the 2 nations, elevating new alternatives for commerce and funding, and eradicating bottlenecks to additional cooperation. 

“Trying forward, India and the UAE share formidable objectives to increase commerce and funding actions between our nations, and the Joint Job Drive will proceed to play an essential position in attaining these aims,” he stated.

Goyal stated given the robust development prospects of the Indian economic system, “we look ahead to elevated funding from the UAE in numerous sectors of India”. 

The Joint Job Drive was established in 2013 as a key discussion board for selling financial ties between the UAE and India. PTI

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