The chief guest for Republic Day , Abu Dhabi crown prince Mohammed bin Zayed Al Nahyan, arrived in New Delhi on Tuesday with PM Narendra Modi receiving him at the airport. After February last year, this was the second occasion that Modi went to the airport to receive the deputy supreme commander of the UAE armed forces.
After a meeting between Modi and Al Nahyan on Wednesday , the two countries will sign 13 agreements including one for a strategic partnership. The UAE is keen to establish an infrastructure investment fund worth $75 billion, as it promised in 2015, which India can utilise over the next 10 years. The government is hoping to sign an MoU between the UAE investment fund and India's National Investment and Infrastructure Fund to facilitate investment.
The UAE has said it wants to see some “legacy issues of some of the big investments of UAE companies sorted out“ and it is looking forward to relaxation in FDI in sectors like ports and real estate. UAE companies facing investment issues in India include telecom firm Etisalat, marine terminals developer DP World, Emaar and TAQA.