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India, UAE to raise up to $75 billion for infrastructure fund

India TV News Desk [ Updated: August 18, 2015 10:46 IST ]

UAE has decided to raise their investments in India which would be more than what China and Japan have invested in the country so far.

The fund plans to raise up to USD 75 billion to support investment in India's rapid expansion of next generation infrastructure, particularly in railways, ports, roads, airports, industrial corridors and parks, an official statement said here on Monday.