India and UAE have agreed to further strengthen their mechanisms for exchange of information in tax matters under the existing Double Taxation Avoidance Agreement. "PM Modi invited UAE participation in India's National Infrastructure Investment Master Fund as an anchor investor," said a joint statement. The Indian side thanked UAE for its interest in proposal for establishing a semi-conductor fabrication facility in India. The two sides agreed to further business-to-business cooperation in Information Technology, Information Technology Enabled Services and Electronics System Design and Manufacturing. Prime Minister Modi and the Crown Prince agreed that ensuring food security remains an area of high priority for the two sides.

Source: dna January 26, 2017 16:52 UTC