• Wed. Dec 6th, 2023

Prime Minister Narendra Modi, UAE President get down to business, work on core trade issues

Prime Minister Narendra Modi, UAE President get down to business, work on core trade issues

Prime Minister Modi flew to Abu Dhabi from France this morning.

New Delhi/Abu Dhabi:
India and the UAE have agreed to major economic cooperation and decided to set up an IIT campus in Abu Dhabi during Prime Minister Narendra Modi’s official visit to the Gulf nation today.

Here are the top 10 points of this big story:

  1. India and the UAE today agreed to promote the use of local currencies for cross-border transactions and interlink the Unified Payment Interface (UPI) with the Gulf country’s Instant Payment Platform (IPP).

  2. Sharing this update, PM Modi said, “This is a very important aspect of India-UAE cooperation. It paves the way for enhanced economic cooperation and will facilitate international financial interaction.”

  3. Also, the education ministries of the two countries and IIT-Delhi have decided to set up a branch of the premier institute in Abu Dhabi.

  4. “This marks a significant step forward in our educational internationalization and is a testament to India’s innovation prowess. Education is the bond that unites us, it is the spark that ignites innovation. Together, we will harness this power for mutual prosperity and global progress,” tweeted Did the Prime Minister.

  5. Prime Minister Modi flew to Abu Dhabi from France this morning and held talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan, who welcomed him at the airport on his arrival.

  6. “Always a pleasure to meet HH Sheikh Mohammed bin Zayed Al Nahyan. His energy and vision for development is admirable. We discussed the full range of India-UAE relations, including ways to enhance cultural and economic ties,” he tweeted.

  7. The Prime Minister also said that India-UAE trade has grown by 20% since the two countries signed the Comprehensive Economic Partnership Agreement last year. His comments came after his meeting with the President of the United Arab Emirates.

  8. He also said he received the love of a brother from Mr Al Nahyan and Indians saw him as a “true friend”. “You have made a big contribution to the way the relationship between our countries has expanded. Every person in India sees you as a true friend,” he told the President.

  9. He noted that the UAE will take the lead in COP-28, the United Nations Climate Change Conference, this year and he has decided to participate in it. He also met COP28 president-designate Sultan Al Jaber and assured India’s full support for the UAE’s chairmanship of the climate conference.

  10. “Had a very productive meeting with @COP28_UAE President-Elect Dr. Sultan Al Jaber. Our discussions focused on ways to further sustainable development. Highlighting India’s contribution in this direction, especially our emphasis on Mission LiFE,” PM Modi tweeted. did

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