While concluding his visit to the UAE India’s Prime Minister Narendra Modi called on prominent business leaders to invest in India in fields such as infrastructure, energy and real estate to the tune of $1 trillion, reported BBC News.
While there Mr Modi also visited a labour camp for migrant workers. He met with Mohsko Ramu, a human resource assistant, who told him how expensive it was for most workers to visit their families back home.
Trade Arabia also quoted UAE economy minister Sultan bin Saeed Al Mansouri as saying that “India is importing oil now and the UAE is open to meet demand for any oil from India,” adding that the issue would be discussed further by representatives of the two sides.
India already imports about 80% of its oil needs – 9% of which comes from the UAE – and is in talks to lease part of its planned strategic oil storage facilities to Abu Dhabi’s state oil company Adnoc.
PM Modi also that his country’s agricultural potential needed the kind of cold storage and warehouse networks that the UAE was renowned for.