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The Economic Times

National

UAE to invest another $25 billion in India, eyes energy bets

India UA UAE Piyush Goyal Petroleum

The UAE plans to invest another $25 billion in India, while the two countries explore deeper energy cooperation including strategic petroleum reserves, LPG, LNG and subsea gas pipelines amid the West Asia crisis, Commerce and Industry Minister Piyush Goyal said on Monday.

The UAE has already invested $25 billion in India and has indicated another $25 billion of investment in the near future, Goyal said after the 14th India-UAE Investment Task Force meeting in Mumbai. The two countries ultimately aim to take UAE investments in India to $100 billion, he said.

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