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Announced Tue, 28 Jul · 06:53 IST

UAE sovereign funds, firms to boost investments in India

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AI summary

UAE's ministry of investment undersecretary said sovereign wealth funds are actively evaluating the Indian market, with several significant investment announcements expected soon. The UAE has invested about $25.6 billion in India between 2000 and 2026, accounting for around 70% of all Gulf investments, while bilateral trade has crossed $100 billion with a target of $200 billion by 2032. Key focus areas include AI infrastructure, food security, agriculture, logistics, industry and financial services, with the Abu Dhabi Investment Authority exploring up to $1 billion with NIIF and UAE's G42 partnering with C-DAC on India's AI Mission.