Recently which country committed $100b for investment and infrastructu...
The Union Minister Shri Piyush Goyal chaired an interaction with the captains of Indian industry and heads of Export Promotion Councils in Mumbai, to discuss certain opportunities for Indian businesses to expand their global footprint by leveraging the business platforms and infrastructure offered by UAE.
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Recently which country committed $100b for investment and infrastructu...
The correct answer is option 'D' UAE (United Arab Emirates).
Explanation:
Investment and Infrastructure Commitment:
In recent years, the United Arab Emirates (UAE) has emerged as a significant investor in India's infrastructure sector. The country has committed $100 billion for investment and infrastructure creation in India.
Strategic Partnership:
India and the UAE share a strong bilateral relationship, characterized by economic cooperation and strategic partnership. The UAE has consistently shown interest in investing in various sectors of the Indian economy, including infrastructure, energy, real estate, and tourism.
Infrastructure Development:
The commitment of $100 billion by the UAE aims to support India's infrastructure development plans. This investment is expected to contribute to the creation of world-class infrastructure projects across the country, which will further boost economic growth and development.
Areas of Investment:
The UAE's investment is expected to cover a wide range of sectors, including transportation, logistics, energy, renewable energy, smart cities, and industrial corridors. These sectors are crucial for India's development and require substantial investment for their successful implementation.
Job Creation:
The investment from the UAE is expected to generate significant employment opportunities in India. The development of infrastructure projects will create jobs during the construction phase and also in the operation and maintenance of these projects. This will have a positive impact on the Indian economy and contribute to reducing unemployment.
Boost to the Economy:
The investment and infrastructure creation in India by the UAE will have a multiplier effect on the economy. It will attract more foreign investment, enhance trade relations, and stimulate economic growth. This partnership will also provide opportunities for Indian businesses to collaborate with UAE companies, leading to technology transfer and knowledge sharing.
Conclusion:
The commitment of $100 billion by the UAE for investment and infrastructure creation in India demonstrates the strong bilateral ties between the two countries. This strategic partnership will not only contribute to the development of India's infrastructure but also boost the economy and create employment opportunities. The UAE's investment will play a crucial role in India's journey towards becoming a global economic powerhouse.