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India mulls ring fence for Emirates investors

India-UAE to sign agreement to put in place structure for $75 billion investment in infrastructure

UAE, Saudi, Modi, Narendra
premium

PM Narendra Modi (left) welcomes Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi, in New Delhi

Archis Mohan New Delhi
On Wednesday, India and the United Arab Emirates will ink an agreement to put in place the governance structure that will facilitate $75-billion investment over 10 years in infrastructure in India from the Emirates.

The $75-billion UAE-India Infrastructure Investment Fund was agreed to be set up when Prime Minister (PM) Narendra Modi had visited the UAE in August 2015. However, the UAE has complained that New Delhi has delayed putting in place the necessary governance structures to pave the way for these investments in India’s ports, roads, railways, ports, airports, and industrial corridors and parks.

Crown Prince of Abu Dhabi Sheikh Mohammed