The UAE believes in India’s growth story and its sovereign wealth funds have invested more than $10 billion in India, said Sunjay Sudhir, India’s ambassador to the UAE. Speaking here at the supreme body of real estate agents CREDAI’s annual “NATCON 2022” conference, Sudhir asked builders to learn from the experience of real estate companies in the UAE and also explore the formation of real estate companies. a partnership with them.

He pointed out that Indian companies are also investing heavily in the UAE in many sectors, including energy.

“Our bilateral relationships give you the opportunity to partner with UAE companies in a big way and also learn from their experiences,” said Sudhir, who joined India’s foreign service in 1993.

The India-UAE partnership is accelerating rapidly, he added.

“We see this reflected in the investments made in India by leading UAE companies over the past few years.

“In the past five years alone, over $10 billion has been invested by the UAE sovereign wealth fund in renewable energy, telecommunications, road infrastructure, affordable housing and startups,” Sudhir said.

Stating that this is a two-way investment, the Ambassador said Indian companies are also investing in the UAE.

Sudhir said there is a very particular interest in affordable housing as the partnership with HDFC and Kotak Group is being strengthened.

The UAE trusts India’s growth story, he said, and this offers plenty of growth opportunities for Indian businesses.

Sudhir said bilateral relations between India and the UAE had made rapid progress over the past eight years.

CREDAI has more than 13,000 developers among its members.

The three-day conference is attended by over 1,300 Indian developers.