PM Modi in UAE: Abu Dhabi
Prime Minister Narendra Modi has begun a stand-alone bilateral visit to the United Arab Emirates (UAE), a near-abroad country so important for India today that deserves a special attention from New Delhi that it has not been getting.
The real importance of the UAE for India lies in its mind-boggling investment potential but it is a high-hung fruit which proved to be impossible for the Manmohan Singh government to pluck and is well impossible even for the Modi government.Abu Dhabi, the UAE capital where Modi is currently camping, has a sovereign wealth fund of about $800 billion. This fund is parked with the Abu Dhabi Investment Authority. Dubai, where PM Modi will be reaching on Monday, has a similar fund with Dubai Investment Authority boasting of around $500 billion in its kitty. Details