12th India-UAE High Level Joint Task Force on Investments meets in Mumbai
On 7 October 2024, in Mumbai, Maharashtra, the 12th meeting of the India-UAE High Level Joint Task Force on Investments was co-chaired by Piyush Goyal and Sheikh Hamed bin Zayed Al Nahyan of ADIA.
Summary
On 7 October 2024, in Mumbai, Maharashtra, the 12th meeting of the India-UAE High Level Joint Task Force on Investments (HLJTFI) was co-chaired by Commerce and Industry Minister Piyush Goyal and Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA). The HLJTFI was established in 2013. The co-chairs noted that the India-UAE Bilateral Investment Treaty, signed in February 2024, entered into force on 31 August 2024, and reviewed the CEPA, in force since May 2022. Announcements included an Invest India office in the UAE and interlinking of UPI (India) and AANI (UAE) payment platforms.
Key facts
- Date / place
- 7 Oct 2024, Mumbai
- Meeting
- 12th India-UAE HLJTFI
- Co-chairs
- Piyush Goyal; Sheikh Hamed bin Zayed Al Nahyan (ADIA)
- Established
- 2013
- BIT in force
- 31 Aug 2024
- Payments
- UPI-AANI interlinking
Practice MCQs 3 questions
In which city was the 12th meeting of the India-UAE High Level Joint Task Force on Investments held on 7 October 2024?
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Correct answer: A — Mumbai
PIB (7 Oct 2024): the 12th Meeting of the India-UAE HLJTFI took place in Mumbai.
In which year was the India-UAE High Level Joint Task Force on Investments established?
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Correct answer: D — 2013
PIB (7 Oct 2024): the HLJTFI was established in 2013 to promote trade, investment and economic ties between India and the UAE.
India's UPI is to be interlinked with which UAE national payment platform, as stated after the 12th HLJTFI meeting?
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Correct answer: B — AANI
PIB (7 Oct 2024): interlinking of the two national payment platforms - UPI (India) and AANI (UAE) - to facilitate seamless cross-border transactions.