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The MoU also aims to build institutional and corporate capabilities, and skills

Investors from the UAE are interested in investing in sectors such as clean energy, infrastructure, education, healthcare, food processing, and financial services in India, according to Commerce and Industry Minister Piyush Goyal. The airline sector is particularly promising for UAE investors due to India's focus on travel and tourism. Other sectors likely to see investments include pharma, roads and highways, ports, clean energy, and petroleum and petroleum chemical projects. The UAE has already invested over $10 billion in India, and has committed to investing $75 billion in India's infrastr...

Get latest articles and stories on World at LatestLY. NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, on Thursday inked an agreement with Al Etihad Payments of UAE to provide real-time and cost-effective cross-border remittances for the users of both countries. World News | NPCI Signs Agreement with Al Etihad Payments of UAE.

The new economic corridor is seen as an alternative to China’s controversial Belt and Road Initiative (BRI).

ABU DHABI: The proposed India-Middle East-Europe Economic Corridor will help reduce transaction cost and encourage trade, Commerce and Industry Minist.