Publication Date:
Mon, 2012-01-16 15:59
The two sides have agreed to speed up the creation of a joint working group to facilitate the fund's investment into Asia's third-largest economy, the ministry said in a statement.
ADIA may invest in India's infrastructure sector, which will see a total of $1 trillion of investment in the next five years, Trade Minister Anand Sharma said, according to the statement.
This could include money for the Delhi Mumbai Industrial Corridor (DMIC), a project that aims to build 24 industrial hubs along a railway line connecting the two cities.
"This is an opportunity to enter this huge market," said Sheikh Hamed bin Zayed Al-Nahyan, the managing director of the ADIA, according to the statement.
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