The UAE and India has teamed up to raise $75bn worth of funds for India’s development. The decision came after Indian Prime Minister (PM) Narendra Modi’s brief visit to the UAE this August. This was the first visit from an Indian PM since former PM Indira Gandhi’s visit in 1981.
In his two-day visit to the UAE, PM Modi was part of an exclusive roundtable with Indian investors and Emirati companies held in Abu Dhabi. The roundtable discussed India’s economic progress, and how infrastructure and real estate development are key strategies to achieve growth.
During the event, the PM praised KEF Holding’s founder and chairperson Faizal E. Kottikollon’s contribution towards sustainable and technology-driven construction. The Dubai-based company has been especially recognised for its largest off-site manufacturing facility located in KEF Industrial Park located in Tamil Nadu, India.
Kottikollan’s mandate to build 50 million units of affordable housing by 2022 has caught the attention of the PM, who wishes to visit the centre.
