'Momentum in India-UAE ties helping implement bilateral deals'

Dubai, Oct 20 (PTI) The bilateral ties of India and UAEhave a very strong momentum which is helping in implementationof the agreements signed betwe...

Dubai, Oct 20 (PTI) The bilateral ties of India and UAEhave a very strong momentum which is helping in implementationof the agreements signed between the two countries, India'senvoy to the UAE Navdeep Singh Suri has said.

Suri said that "very soon" there might be an announcementabout the Abu Dhabi Investment Authority entering into aformal relationship with the National InfrastructureInvestment Fund.

"I don't want to pre-empt this and you will see thedetails as they emerge," he told PTI.

"Our endeavour really is to translate many of thoseintentions into actual investments and projects. To thatextent, the end of November we have the high-level task forceon investment, led by Commerce and Industry Minister SureshPrabhu from our side and by Emirati businessman and managingdirector of Abu Dhabi Investment Authority Sheikh Hamed binZayed from the UAE side," Suri said.

According to Suri, they are bringing companies that haveprojects to offer.

"Part of our dialogue is that even as we try to resolvethe erstwhile or legacy issues, we also take a forward-lookingapproach and to move beyond just talking in general termsabout investment, to have a situation where somebody isoffering a highway project or an airport, or a metro or arenewable energy plant or a whole lot of other differentsectors," he said.

Earlier this week, over 100 delegates from Indiaparticipated in the World Skills Summit in Abu Dhabi.

"We have competitors participating in different arenas.

We have delegates from both CII(Confederation of IndianIndustry) and FICCI (Federation of Indian Chambers of Commerceand Industry). We have officials from half a dozen stategovernments and the central government," Suri said.

Chief minister of Andhra Pradesh N Chandrababu Naidu whois coming with a strong delegation, including a couple ofministers," he said.

He is going to have meetings at the Abu Dhabi InvestmentAuthority, Mubadala and at some of the other potentialinvestors to make a pitch for investment projects, he said.

This will be followed by the entire FICCI leadershipcoming to the UAE for their annual retreat.

"On November 29, we have the India-UAE strategicdialogue, which will be followed by the India-UAE PartnershipSummit, which we are working with ASSOCHAM (The AssociatedChambers of Commerce and Industry of India). For this we havehigh-level participation both from India and the UAE," saidAmbassador Suri.

According to him, this momentum has been built for tworeasons beginning with Dubai and now Abu Dhabi positioningthemselves as hubs where major conferences and events takeplace.

"Over 100 Indian companies participated in four differentsegments of GITEX (Gulf Information Technology Exhibition).

The bilateral relations that now have very strong momentum interms of ministerial visits and in terms of actuallyimplementing many of the agreements that have been signedbetween the two countries," he added. PTI CorrUZM.

This is unedited, unformatted feed from the Press Trust of India wire.

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