India Assures UAE On Addressing Investment Issues Of Etisalat

India Assures UAE On Addressing Investment Issues Of Etisalat

India today assured the UAE that it would abode and assure the absorption of Etisalat, DP World and EMAAR, who are mired in problems accompanying to their investments in the country.

In his mutual affair with UAE Abbot of Economy, Sultan bin Sayeed Al Mansouri, Commerce and Industry Anand Sharma said: “We will do the best beneath the affairs to assure the acknowledged interests of the UAE investors, after actionable any administrative orders”. Both are actuality for the Partnership Summit 2014.

UAE companies that are adverse issues in India with attention to their investments accommodate telecom close Etisalat, abyssal terminals developer DP World, Emaar (realty) and TAQA (energy).

“Sharma assured the UAE that India is acclamation bequest issues faced by Etisalat, TAQA, DP World, EMAAR etc,” an official account said.

Following a Supreme Court adjustment cancelling its 13 telecom licences, Etisalat exited from India operations and has accustomed acquittance of the licence fee as able-bodied as coffer guarantees.

The absolute barter amid India and UAE beyond $75 billion in 2012-2013. Meanwhile, Sharma additionally met Zimbabwe’s Industry and Commerce Abbot M C Bimha actuality today and discussed means to enhance barter and advance amid the countries.

“Sharma put advanced his angle on cooperation in agro and aliment processing sector, gems and jewellery, curve of acclaim and assorted accommodation architecture programmes,” the account said.

The Indian abbot was additionally abreast him about the accepted cachet of $750 actor adamant ore accord amid Essar and the Government of Zimbabwe.

“Early satisfactory resolution of the awaiting issues would animate added investors, abnormally from India to advance in mining and added sectors in Zimbabwe,” the account commendation Sharma said.

Both the abandon additionally agreed to finalise a continued appellation acceding on accumulation of asperous chunk and enactment of a design acid and cutting convention in Botswana.

India, in September 2012, accustomed a Line of Acclaim account $28.6 actor for up-gradation of Deka Pumping Station and the River Water Intake System in Zimbabwe.