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India offers $1-trillion investment opportunity to UAE

Staff writer ▼ | August 18, 2015
Inviting investors from UAE, Prime Minister Narendra Modi said India has an immediate investment opportunity of $1 trillion and the government will take urgent steps to address concerns of the businessmen from this country and erase "deficit of 34 years".
Narendra Modi
Cooperation   Prime Minister Narendra Modi:
Modi also said his government has got some problems in legacy and his immediate priority would be to kick start the things, which were stalled by the "indecisiveness and lethargy" of the past governments.

"I have got some problems in legacy. I cannot take only the good points and leave aside the problems... Some things were stalled due to the indecisiveness and lethargy of the governments (in the last)... It is my priority to kick start those things," Modi said while addressing the business leaders from the UAE here at the Masdar City.

Modi, who is the first Indian Prime Minister to visit UAE in the last 34 years, said India has huge investment opportunities for investors from the UAE in sectors like infrastructure, energy and real estate and urged them to come to invest in India and together make the 21st century 'Asia's Century'.

"I will send my Commerce Minister to try and find solutions to the problems faced by some UAE investors," he said.