<h1>India-UAE MoU Boosts Long-Term Investment in NIIF for Infrastructure Growth, Establishes Joint Working Group for Oversight.</h1> The Union Cabinet of India approved a Memorandum of Understanding (MoU) with the United Arab Emirates (UAE) to attract long-term investment into India's National Investment and Infrastructure Fund (NIIF). Signed on February 11, 2016, the MoU aims to enhance infrastructure development by facilitating UAE's investment in Indian projects. A joint working group will oversee cooperation and establish investment criteria. The NIIF, created in July 2015, is a Category II Alternate Investment Fund under SEBI regulations. The initiative aligns with the India-UAE Infrastructure Investment Fund's goal of raising USD 75 billion for infrastructure expansion in India.