New Delhi: Trade minister Anand Sharma said Monday that a delegation from Etihad Airways PJSC is scheduled to meet him on 31 January. He didn’t disclose the agenda.
The national airline of the United Arab Emirates (UAE) is close to a deal to pick up a 24% stake in Jet Airways (India) Ltd, the country’s second largest airline by passengers carried, for $300 million, Mint reported Monday, citing two people familiar with the development.
Sharma met UAE foreign trade minister Sheikha Lubna Bint Khalid Al Qasimi on Monday and invited the Arab nation to invest in India’s infrastructure sector in particular.
Sharma and Qasimi agreed that the India-UAE high-level task force on investment, of which Sharma is the co-chair from the Indian side, should meet at the earliest.
The co-chair of the task force from the UAE side is Sheikh Hamid Al Nahyan, managing director of the Abu Dhabi Investment Authority, a sovereign wealth fund owned by the emirate.
The UAE is India’s top global partner, accounting for 9.02% of India’s trade.