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India, UAE discuss areas of future cooperation
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- India and UAE issued a joint statement following the seventh meeting of UAE-India High Level Joint Task Force on Investment
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- India and the United ArabEmirates discussed areas forfuture cooperation, including growth opportunities forIndian banks, and the potential for private banks operating at the AbuDhabi GlobalMarket (ADGM) to offer private wealth services in India.
- The statement added that the Indian government hadagreed to “give an early consideration and mutually beneficial solution” to the issueof tax treatment of the AbuDhabi Investment Authority’s subsidiaries at theADGM so as to facilitate the authority’s investments in India.
Source
The Hindu