UAE, Saudi Arabia to invest in Indian agriculture sector: Suresh Prabhu

Union Minister for Commerce & Industry and Civil Aviation Suresh Prabhu on Sunday said the UAE and Saudi Arabia have evinced interest in investing in India’s agricultural sector.

“UAE and Saudi have decided to use India as a base for food security… Exports have been identified. India produces 290 million tonnes of foodgrain and 305 to 310 million tonnes of horticulture. So there is huge potential to export and we will be working with the state governments for this. Investment in Indian logistics sector is expected from Saudi Arabia, the UAE and 15-20 countries from other parts of the world,” Prabhu said.,” he said while addressing the valedictory session of the two-day CII Partnership Summit.

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