Abu Dhabi plans investing USD 50bn in India’s infrastructure

By bne IntelliNews July 4, 2013

Abu Dhabi has pledged to invest USD 50bn in India's cash-hungry infrastructure, at a time when expansion in the economy has sharply eased. The pledge by Abu Dhabi was the main factor in pushing the government to approve a bilateral deal to boost flights between the two nations.

The plan to boost flights between the UAE and the country is linked to a controversial proposal by the Abu Dhabi-based Etihad airline to buy a 24% stake in the country’s Jet Airways for INR 20.5bn. That deal, which is the largest foreign investment proposal in the country’s aviation sector, experiences regulatory hurdles, with many ministries bringing up objections over the bilateral boost in flights as well as over control of Jet after the sale.

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