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♤ UAE also has the large sovereign wealth fund that India IS looking for investments. There is an agreement that UAE will invest nearly $75 billion in India over the next few years
♤ In 2017, the Abu Dhabi Investment Authority became the first institutional investor in the National Investment and Infrastructure Fund’s Master Fund, with an investment of $1 billion.
♤ In January 2018 Dubai Ports (DP) World, the top port operator in the United Arab Emirates (UAE), announced that has partnered with NIIF to invest in India's infrastructure projects.
4.1. Background
♤ India-Iran relations span millennia marked by meaningful interactions. The two countries shared a border till 1947 and share several common features in their language, culture and traditions.
♤ Independent India and Iran established diplomatic links on March 15, 1950. In addition to the Embassy in Tehran, India has two Consulates in Iran, one in Bandar Abbas and other in Zahedan.
♤ In recent times Iran has emerged as a key location for India’s connectivity initiatives for Afghanistan and Central Asia.