FCC

UAE commits $75 billion towards infrastructure development in India

2018-08-07

Being India?s third largest trading partner, UAE has invested over $5.3 billion in India, of which $75 billion is committed towards infrastructure development in India. An agreement for India- UAE Artificial Intelligence Bridge was signed by Invest India and UAE Minister for Artificial Intelligence (AI). An estimated $20 billion in economic benefits will be generated in the coming decade for both the countries. The MoU will encourage development across areas like Blockchain, AI and Analytics as data and processing will be a catalyst for innovation and business growth. Also, by 2035, AI can potentially add $957 billion to the Indian economy.