Modi 2.0 to boost UAE-India trade.

The return to power by Prime Minister Narendra Modi with a sweep win has buoyed global investor sentiment and is expected to accelerate a critical surge in cross-border investment and trade between the UAE and India, which are on track to cross $100 billion by 2020. A leading NRI investor said.

Dr Azad Moopen, founder chairman and managing director of Aster DM Healthcare, whose investment in India is around Rs20 billion, said while many UAE companies are set to expand their bases in India, investors from the subcontinent would be encouraged to expand their investments in the UAE following the introduction of liberal reforms and new visa rules, including permanent residency Golden Card and 10-year visa. He said under Modi 2.0, sectors that are set to achieve new growth...