22.02.2013 - India allays concerns of Abu Dhabi investment vehicles
India is receptive to the requirements of Abu Dhabi Investment Council (ADIC) and Abu Dhabi Investment Authority (ADIA) to be considered as separate agencies for investment limit purposes. This was conveyed to the UAE side by Commerce and Industry Minister Anand Sharma. There is some apprehension that the Reserve Bank of India (RBI) and the Securities and Exchange Board of India may consider these two UAE agencies as one, as India has put in place sectoral caps for foreign investments............................................Full Article: Source
Print