Friday 13 December 2013

UAE and India sign crucial investment protection pact | GulfNews.com

UAE and India sign crucial investment protection pact | GulfNews.com:

"India and the UAE signed a crucial investment protection agreement in New Delhi on Thursday, which is expected to result in the UAE investing $2 billion (Dh7.34 billion) in Indian infrastructure projects.
The Bilateral Investment Promotion and Protection Agreement (BIPPA) was signed after a meeting between UAE Foreign Minister Shaikh Abdullah Bin Zayed Al Nahyan and Indian External Affairs Minister Salman Khurshid.
While both nations are each others’ largest trading partners with trade totalling over $75 billion (Dh275.25 billion), the investments have not kept pace."

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