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PM Modi, UAE honchos decide to raise up to $75 billion

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  • PM Modi, UAE honchos decide to raise up to $75 billion

    India and the United Arab Emirates on Monday decided to set up a multi-billion dollar fund to tap into investment opportunities in the country's infrastructure sector.

    The fund plans to raise up to $75 billion to support investment in India's rapid expansion of next generation infrastructure, particularly in railways, ports, roads, airports, industrial corridors and parks, an official statement said. No details were available about the timeframe for raising the money or the investment plans.

    Prime Minister Narendra Modi had urged UAE's top businessmen to invest in India and had offered $1 trillion investment opportunity. India has been discussing with several global funds to invest in the country and develop the infrastructure sector.
    Neha Rani
    Success doesn't come to u , U Go To It....
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