Investment Corp. of Dubai eyes India renewable energy investments

Dubai’s sovereign wealth fund, Investment Corp. of Dubai (ICD) through its subsidiary Dubai Holding, LLC, is scouting for investments in an Indian renewable energy platform.

India is the UAE’s second largest trading partner, with the two countries sharing a “comprehensive strategic partnership”. India, which requires large infrastructure investment, has been trying to persuade the UAE’s $800 billion sovereign wealth fund to invest in the country.

Experts say an investment by ICD will be a ratification of India’s strategy on renewable energy sources. The sovereign wealth fund’s interest in the Indian renewable energy space comes in the backdrop of Prime Minister Narendra Modi’s pitch for investment in August last year during his visit to the United Arab Emirates (UAE).

Advertisement Enquiry
Subscriber Editorial Web
+91 - 9554956505
+91 - 9554956505