Strengthening Economic Ties: UAE’s Abu Dhabi Investment Authority Starts Operations in India

 


The Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund of the UAE, has officially started its operations in India. This significant move is expected to boost investment activity in the region, with ADIA's presence at Gujarat International Finance Tec-City (GIFT City) marking a key step in enhancing economic cooperation between the two countries.

Founded in 1976, ADIA is among the world’s largest sovereign wealth funds, managing investments on behalf of Abu Dhabi's government. The fund's entry into India was announced during the 12th India-UAE High-Level Joint Task Force on Investments (HLJTFI) meeting, held in Mumbai on October 7, 2024. The meeting, co-chaired by India's Commerce Minister Piyush Goyal and ADIA’s Managing Director Sheikh Hamed bin Zayed Al Nahyan, focused on mutual investment opportunities, particularly in sectors like food parks, cross-border payments, and new avenues for collaboration.

This move follows India’s recent Bilateral Investment Treaty (BIT) with the UAE, signed to improve investor confidence. Effective from August 31, 2024, the treaty reduces arbitration periods and extends protections to broader investment categories, ensuring smoother business relations between the two nations.

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