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India, UAE sign 14 agreements in various areas

India and the UAE on Wednesday inked 14 agreements in various areas including in defence, maritime transport, comprehensive strategic partnership, shipping, agriculture and allied sector, trade, oil storage and management, energy efficiency, road transport and highways and prevention and combating human trafficking.
The agreements were signed after delegation level talks between Prime Minister Narendra Modi and visiting Crown Prince of Abu Dhabi Sheikh Mohammed Bin Zayed Al Nahyan at Hyderabad House in New Delhi.

In his press statement, Prime Minister Modi invited UAE to become India’s partner in infrastructure projects. He said that India is encouraging and facilitating the trade between the two sides and described as “crucial” the energy partnership between India and UAE. He said that India and UAE share similar concerns over terrorism and radicalization. He said the two countries feel that their growing engagement in countering violence and extremism is necessary for securing the societies.

Speaking about economic ties, the Prime Minister said India regards UAE as an important partner in its growth story. He said that closer ties between India and the UAE are of importance, not just for both countries, but for the entire neighbourhood. A special tete-a-tete before delegation level talks was held between the Crown Prince and the Prime Minister earlier in the day. The Crown Prince was accorded ceremonial reception at the forecourts of the Rashtrapati Bhawan in the morning and in the night President Pranab Mukherjee hosted a banquet in his honour. 

The visiting dignitary, who is the Deputy Supreme Commander of the UAE Armed Forces, arrived in New Delhi on January 24 on a three-day visit. He will witness Republic Day Parade on Thursday at Raj Path as a chief guest. This is the second visit of the Crown Prince of Abu Dhabi to India since February last year.

The two countries are among each other’s top trading partners with a well-balanced bilateral trade of about 50 billion dollars in 2015-16. UAE is among the top investors in India in terms of foreign direct investments.”

By TIS Staffer
the authorBy TIS Staffer

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