Union Minister of Finance Nirmala Sitharaman held a virtual bilateral meeting with the United Arab Emirates (UAE) Minister of State for participation in Rs 111 lakh crore
National Infrastructure Pipeline (NIP).
About 7,000 projects have been identified under NIP with the projected investment during 2020-25.
The two governments agreed to cooperate in the area of FinTech especially UPI and RuPay card, thereby integrating financial transactions between two economies.
NIP will play a crucial role in pulling the country out of the impact of COVID-19.