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ABU DHABI / WAM
The fifth meeting of UAE – India High Level Joint Task Force on Investments (‘the Joint Task Force’) was held on Sunday in Abu Dhabi, with significant progress being made on a number of key issues of mutual importance. The meeting was co-chaired by HH Sheikh Ham-ed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince’s Court, and Suresh Prabhu, the Indian Minister of Commerce and Industry.
The two sides noted the positive outcomes achieved by the Joint Task Force, expressed satisfaction at the level of bilateral trade and investment, and agreed upon the need to further explore ways to facilitate investment in key Indian and UAE sectors with potential for economic growth.
“The discussions held will open new and bigger opportunities of investments from UAE to India. Through this platform, we have been able to resolve a number of outstanding issues faced by investors in both the countries. We look forward to deeper engagement between India and UAE in the coming years,†Suresh Prabhu said.
HH Sheikh Hamed bin Zayed Al Nahyan said: “Since its creation in 2012, the Joint Task Force has been an effective platform for promoting, facilitating and expanding investments between India and the UAE, and for addressing key constraints that our respective companies are facing in each country.â€