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India, UAE plan infrastructure fund, defence and tech ties

Reuters  |  DUBAI 

DUBAI (Reuters) - India and the United Arab Emirates will set up a multi-billion dollar fund to invest in Indian infrastructure projects and cooperate in producing military equipment, space technology and nuclear energy, officials said on Monday.Indian Foreign Secretary Subrahmanyan Jaishankar announced the plans at the end of a two-day visit to the UAE by Prime Minister Narendra Modi, which focused on both business ties and national security.India is eager for foreign capital and technology to develop its economy while the UAE, one of the richest of the Gulf Arab energy exporters, wants to ...

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First Published: Tue, August 18 2015. 01:14 IST