7th UAE-India High Level Joint Task Force on Investments (HLTFI) meeting held in Abu Dhabi

7th UAE-India High Level Joint Task Force on Investments (HLTFI) meeting held in Abu Dhabi

7th UAE-India High Level Joint Task Force on Investments (HLTFI) meeting held in Abu Dhabi

The seventh meeting of the UAE-India High Level Joint Task Force on Investments (HLTFI)  (the Task Force) was held on 22nd September 2019 in Abu Dhabi to review and maintain the significant progress made in enhancing bilateral trade and investment between the two countries.

The meeting was co-chaired by Sheikh Hamed bin Zayed Al Nahyan, Managing Director of Abu Dhabi Investment Authority (ADIA) and Chairman of Abu Dhabi Crown Prince’s Court and Piyush Goyal, Minister of Railways and Commerce & Industry.

The Task Force was established as a key forum to promote economic ties between the UAE and India.

Both sides also discussed issues relating to the tax treatment of the ADIA wholly owned subsidiaries at the Abu Dhabi Global Market (ADGM). The Indian side has agreed to give an early consideration and mutually beneficial solution to the issue in a way that could facilitate ADIA’s investments in India.