United Arab Emirates (UAE) based firms will invest upto $7 billion into the India-UAE Food Corridor as part of the two governments’ efforts to boost ties in the agri sector as per reports from Gulf.

The investment will be co-ordinated by the Emmar Group which issued a statement regarding the development.”Emaar Group is coordinating with the Government of India in respect of the investment relating to food security in the UAE. The investment will be made by other UAE entities, the details of which will be declared at a later stage”, Emmar declared in a release. The firms will make investments across India, creating as many as 2 lakh jobs while ensuring food security for UAE.

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