UAE investors are reportedly trying to set up $75 billion infrastructure fund for India in order to invest in brownfield projects. The ambassadors are reportedly convinced that safeguarding the two countries in question is both strategic and can bring economic gains.
According to reports, this decision was taken due to the fact that greenfield projects have a bigger gestation period as compared to brownfield projects, which have a relatively smaller turnaround time. The projects also garnered much more interest as they are considered more viable than the former.
At present, there are already several major investments made by India into UAE and vice versa. The non-oil trade between the two countries reportedly amounts to around $35 billion and the oil trade is around $6.9 billion. India continues to be the second largest market for UAE’s exports, both oil and non-oil. This partnership is mutually beneficial as India and UAE can become significant trade hubs regionally and globally.