Commerce and Industry Minister Anand Sharma will co-chair the first meeting of the India-UAE Joint Investment Task Force at Abu Dhabi on Monday.
Besides discussions on areas of investment interest, both sides are likely to agree on a timeframe for signing a memorandum of understanding between the two countries, it is learnt.
The UAE side will be chaired by Hamed Bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s court.
The meeting may also see discussions around review of air services entitlements and issues faced by the UAE investors — Etisalat and Emaar Properties — in India, sources said.
A high-powered FICCI business delegation, led by Rajan Bharti Mittal, former FICCI President and Vice-Chairman and Managing Director, Bharti Enterprises Ltd, is accompanying Anand Sharma for the meeting.
The 15-member business delegation includes Naresh Goyal, Chairman, Jet Airways Ltd; Atul Punj, Chairman, Punj Lloyd Ltd; and Prakash P. Hinduja, Chairman, Hinduja Group Europe.
On Sunday, Sharma will holds talks with his UAE counterpart, Lubna Al Qasimi, at Dubai.