UAE to make big investments in India’s infrastructure development

May 13th, 2008 - 11:23 pm ICT by admin  

By Naveen Kapoor

Dubai, May 13 (ANI): Dubai’s Minister of Cabinet Affairs Mohammad al Gargavi on Tuesday said that Dubais flagship companies are all set to invest in Indian infrastructure in a big way.

Big players of the United Arab Emirates (UAE) like the Emaar, Dubai ports, Limitless, Jafsa will be pumping worth billions of dollars to develop townships, road, ports and other infrastructure projects in coming years.

This was conveyed to Indias External Affairs Minister Pranab Mukherjee by the Dubai executive council at a presentation on Dubai’s growth and investments in India.

The infrastructure giants of the UAE have also shown their keenness in developing India’s Airport infrastructure, said Gargavi.

India has welcomed the move and Mukherjee told the investors, It is a tailor made move keeping in view the priorities of India.

He further said that we support public private partnership. Indian Government is investor friendly and we will assist in every possible manner.

Emar group is expected to invest one billion dollars and has already acquired 13 thousand acres of land in India. Similarly, Limitless in partnership with DLF is investing 12 billion dollars and Dubai International is also planning to invest 16 billion dollars in the next five years. (ANI)

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