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UAE investments in India crosses US$10bln: Indian Ambassador

The theme of the conference was “NATION OF FUTURE”

Ambassador of India to the UAE, Sunjay Sudhir delivered the keynote address at the CREDAI conference in Abu Dhabi. Image - Twitter/ IndEmbAbuDhabi

The United Arab Emirates sovereign wealth funds have invested over US$10 billion in India over the past five years said Sunjay Sudhir, Ambassador of India to the UAE, calling it an “endorsement of India’s growth story”

Speaking at the opening of the annual realty conference of the Confederation of Real Estate Developers’ Association of India (CREDAI), the ambassador said that the funds were invested in sectors such as renewable energy, telecom, road infrastructure and affordable housing and startups.

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