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Journalism of Courage
In a bid to seek greater foreign investment into India,finance minister P Chidambaram on Sunday met sovereign wealth funds here and discussed scope for investing in the infrastructure sector and corporate bonds.
On his day-long visit to the Gulf nation,he met senior government functionaries and Abu Dhabi Investment Authority (ADIA) Managing Director Shaikh Hamed Bin Zayed Al Nahyan,Indias Ambassador to the UAE MK Lokesh said.
The two sides discussed ways to strengthen investments in each others countries and the finance minister sought more investment from the UAE,especially in the infrastructure and corporate debt sectors, Lokesh said.
The minister also promised to look into the issues related to the UAE investments in India,Lokesh added.
The visit is part of Chidambarams global tour to attract foreign investments. He has held similar investor meets in Hong Kong,Singapore,UK,Germany,France,Japan,Qatar,Canada and the US to attract foreign investment into India.
Chidambaram has been emphasising that India offers unlimited investment opportunities in the infrastructure sector and the country is looking at spending around $1 trillion over five years in areas such as roads,airports and ports.
