"Seeking to boost mutual cooperation, India and UAE discussed the possibility of early conclusion of an investment protection pact during the visit of Finance Minister P Chidambaram to the Gulf's financial hub.
The issue of early conclusion of the Bilateral Investment Promotion and Protection Agreement (BIPA) was discussed between the visiting minister and Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces.
BIPA, according to sources, is aimed at encouraging flow of investments into India, especially in the infrastructure sector."
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