FM Nirmala Sitharaman holds bilateral meeting with her UAE counterpart Obaid Al Tayer

Finance Minister Nirmala Sitharaman yesterday held a bilateral meeting with Minister of State for Financial Affairs of UAE Obaid Al Tayer through video conferencing. Both leaders expressed respect for the long-standing relationship between India and UAE and the need to take it further in mutually beneficial ways.

Ms Sitharaman mentioned that with National Infrastructure Pipeline, NIP, there are greater avenues between India



and UAE to collaborate in the field of infrastructure investment.The leaders agreed to cooperate in the area of FinTech especially UPI and RuPay card, thereby integrating financial transactions between two economies.

The two leaders also agreed to work together in aligning the interests of India and UAE in various international forums including G-20 and ITU, for achieving common goals.