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As per livemint.com, PM Modi will be the first Indian prime minister in more than 30 years to visit the UAE, India’s third-biggest trade partner. The two-day visit will feature discussions that will probably refer to the sovereign wealth fund, according to Indian foreign ministry spokesman Vikas Swarup.
“I seek to enhance cooperation in energy, trade and will talk to investors on why India is an attractive destination,” Modi wrote on Facebook on Thursday as reported by livemint.com
Modi is scheduled to meet Abu Dhabi's Sheikh Mohamed bin Zayed Al Nahyan, he is the Crown Prince who chairs the Abu Dhabi Investment Council, an offshoot of the sovereign wealth fund. A meeting with Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum is also on the agenda.
Modi said he looked forward to meeting some of the more than 2 million Indians who live in the UAE, many as migrant workers. About 40,000 of them are expected to pour into Dubai’s cricket stadium to hear him speak on 17 August.
“No words will be enough to appreciate their hard work and sweat,” Modi wrote.
With the recent announcement made by FOXCONN, electronic giant to invest over. USD 6.5 billion this year in their manufacturing and R&D facilities, modi's foreign visits seem to have started paying off, his UAE visit if works, could get the huge in-flow of investments in India. Will it happen? we need to wait and watch.
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News Source- livemint.com
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