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18 March 2008 - Khaleej Times has reported that the Abu Dhabi Economic Department will visit India in May to study the potential of one of the fastest growing economies offers for investments in the power sector.

Mr Talmiz Ahmed, India's ambassador to UAE, said: "A proposal is currently under study to launch a fund in the UAE, proceeds of which would be invested in the lucrative energy sector in India."

Ahmed added: "There is huge scope for the mutual funds industry for their higher returns, as India's financial markets are well managed and offer handsome yields."

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