According to External Affairs Minister, Pranab Mukherjee, projects currently being designed by various Dubai-based companies as part of their investment plans in India are tailor-made for Indian requirements.

The Minister made these remarks after attending a presentation titled ‘Dubai’s Growth and Plans for the Future and Planned Investments by Leading Dubai Companies in India’. The presentation was organised by the Dubai Executive Council, a Dubai government entity responsible for formulating and implementing federal regulations and local laws as well as preparing annual budgets along with development plans.

A senior diplomatic official present at the presentation on Tuesday added, “The Minister welcomed the investment plans of the companies as were presented and said these were tailor-made for India’s requirements.” Tuesday was also the last day of the Minister’s two-day official visit to the UAE.

Elaborating further the official said, “The Minister also reiterated that the Indian government was investor-friendly and fully supported all private-public partnerships.”

During the course of the presentation, it was revealed that DP World, the Dubai government’s premier maritime company, would increase its investments in India from the current US$2.4 billion to US$15 billion during the next five years.

Highlighting its involvement in India, real estate giant Emaar told the attendees that its investments in India totalled US$1 billion, while the company and its Indian joint venture partner MGF have a combined land bank of 13,000 acres.

Limitless, another Dubai-based real estate company made a presentation on its joint venture with DLF, the Indian real estate giant. The joint venture envisions the development of the Bidadi Township near Bangalore and involves a total investment of US% 12 billion. Spread over an area of 3,640 hectares will eventually have 750,000 residents.

UAE’s Minister for Cabinet Affiars, Mohammad Al Gargawi led the presentation. Other officials present at the presentation included Dubai Executive Council Secretary General Ahmad Bin Byat, Emaar Dubai Managing Director Ahmad Thani Al Matrooshi and Dubai Economic Zones World Chief Executive Salma Hareb.