Thursday 4 July 2013

For flights bonanza, Abu Dhabi offered $50 bn investment - Indian Express

"An offer by Abu Dhabi to invest about $50 billion in India's infrastructure sectors in the coming years was one of the key factors that swayed the government's decision to approve an unprecedented nearly three-fold increase in bilateral entitlements of weekly airline seats between the two destinations, officials claimed Tuesday.

"A host of issues are considered when two countries discuss any increase in bilateral agreements. In this case, a commitment to invest $50 billion in the infrastructure sector of the country by Abu Dhabi was a key reason for us to agree to the increase," a senior government official said after attending a meeting called by Cabinet Secretary Ajit Seth on the issue Tuesday."

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