India and UAE on Wednesday inked as many as 14 strategic co-operation Memorandum of Understandings (MoUs)in the fields of defence, energy, trade and investment, information technology, and maritime security.
These pacts were signed and exchanged in New Delhi’s Hyderabad House in the presence of India’s Prime Minister Narendra Modi and Sheikh Mohammed bin Zayed Al Nahyan, currently on his second visit to India after August 2015.
Sheikh Mohammed bin Zayed Al Nahyan is also India’s chief guest at the Republic Day Parade.
Following the signing of these pacts, PM Modi said that India and UAE have shaped an ambitious roadmap of engagement to make a comprehensive strategic partnership purposeful and action oriented.
Calling UAE as India’s ‘most valued partners and a close friend’, PM Modi told a media gathering that the two leaders have concluded “very fruitful and productive discussions” with particular focus on implementation of various decisions taken during previous meetings. “We agreed to sustain the momentum of our relations in key areas, including energy and investments,” Modi said.
Modi said India regards UAE as an important partner in its growth story and he particularly welcomes UAE’s interest in investing in India’s infrastructure sector.
“We are working to connect the institutional investors in UAE with our National Investment and Infrastructure Fund. I also shared with His Highness the interest of Indian companies to be a partner in infrastructure projects for the World EXPO 2020 in Dubai,” Modi said, adding that UAE can benefit by linking with India’s growth in manufacturing and services.
“We can jointly tap abundant opportunities in our initiatives aimed at building digital economy, human capital and smart urbanization in India. We are also encouraging and facilitating business and industry of both countries to increase the quality and quantum bilateral trade,” PM Modi said.
Giving details of the agreements exchanged between the two sides, PM Modi said the agreement on trade remedies signed today would strengthen our trade partnership further. “Our energy partnership, is an important bridge in our linkages. It contributes to our energy security. His Highness and I discussed ways to transform our energy ties in a strategic direction through specific projects and proposals. In this regard, long-term supply contracts and establishment of joint ventures in the energy sector can be beneficial avenues,” he added.
Modi said he believe that closer ties between India and UAE are of importance, not just to both countries but also of significance to the entire neighbourhood. “Our convergence can help stabilize the region. And, our economic partnership can be a source of regional and global prosperity,” he said.
“We exchanged views on developments in West Asia and the Gulf, where both countries have a shared interest in peace and stability. We also discussed developments in our region, including Afghanistan. Our shared concern on growing threat from radicalism and terrorism to the safety and security of our people is shaping our cooperation in this space.”
UAE is home to around 2.6 million Indians. Modi said the contribution of these 2.6 million Indians are deeply valued both in India and in UAE. “I expressed gratitude to His Highness for looking after the welfare of Indian nationals in UAE. I also thanked His Highness for allotting land for a temple for the Indian diaspora in Abu Dhabi.”
List of Agreements/MOUs exchanged during the State visit of Crown Prince of Abu Dhabi to India
|S. No.||Name of Agreement/MoU||Details|
|1.||Agreement on Comprehensive Strategic Partnership between the Republic of India and the UAE||This is a general framework agreement which highlights the areas of bilateral cooperation identified under the comprehensive strategic partnership as agreed upon in the high level joint statements issued in the August 2015 and February 2016.|
|2..||MoU between the Ministry of Defence of the Government of the Republic of India and the Ministry of Defence of the Government of UAE on cooperation in the field of Defence Industry||This MoU aims to establish cooperation in the identified fields of defence manufacturing and technology, including through studies, research, development, innovation and cooperation between public and private sector institutions of the two countries. The two sides will cooperate in areas of armaments, defence industries and transfer of technology.|
|3.||MoU between the Government of the Republic of India and the Government of the UAE on Institutional Cooperation on Maritime Transport||This MoU provides a framework for enhancing bilateral maritime trade ties through facilitating maritime transport, free transfer of monies between contracting parties and reciprocal recognition of ships’ documents.|
|4.||MOU between the Directorate General of Shipping, Republic of India and the Federal Transport Authority- Land and Maritime in the UAE on Mutual Recognition of Certificates of Competency as per the provisions of the Standards of Training, Certification and Watch-keeping Convention (STCW78) and amendments thereof||This MoU aims to deepen the maritime economic activities in general by establishing a framework for Mutual Recognition of Certificates of Competency of marine officers, engineers and crews.|
|5.||MoU between the Ministry of Road Transport and Highways of the Republic of India and the Federal Transport Authority, Land and Maritime of the UAE on Bilateral Cooperation in the Road Transport and Highways Sector||This MoU aims to establish cooperation in the sectors of Highways and Road transport through sharing of technologies, systems and best practices in freight logistics, warehousing and value added services.|
|6.||MOU between the Government of the Republic of India and the Government of UAE on cooperation in prevention and combating of human trafficking||This MoU aims to enhance bilateral cooperation on the issue of prevention, rescue, recovery and repatriation related to human trafficking, especially of women and children expeditiously.|
|7.||MoU for the cooperation in the field of Small and Medium Enterprises (SMEs) and innovation between the Ministry of Economy of United Arab Emirates and Ministry of Micro, Small and Medium Enterprises (MoSMSME) of the Republic of India||This MoU aims at promoting cooperation in MSMEs Sectors, including in joint projects, R & D and related activities.|
|8.||MoU between the Ministry of Agriculture and Farmers’ Welfare of the Republic of India and the Ministry of Climate Change & Environment of UAE in agriculture and Allied sectors||This MoU aims to develop a framework for cooperation in various agricultural fields of mutual interest, including through enhancement of cooperation in food processing and transfer of technology in cultivation methods.|
|9.||MOU between the Government of the Republic of India and the Government of UAE on mutual exemption of entry visa requirements to the holders of Diplomatic, special and Official Passports||The agreement allows holders of diplomatic, special and official passports visa free travel between the two countries.|
|10.||MoU between Prasar Bharati, India and Emirates News Agency (WAM), UAE for cooperation in programme exchange||This MoU aims to strengthen ties between Prasar Bharati and Emirates News Agency (WAM), UAE through cooperation in the field of broadcasting, mutual exchange of programmes, news and best practices.|
|11.||MoU between the Ministry of Commerce and Industry of the Republic of India and the Ministry of Economy of United Arab Emirates on trade remedial measures to promote cooperation in areas of mutual interest||This MoU aims to enhance cooperation in the field of anti-dumping and allied duties through exchange of information, capacity-building, seminars and trainings in mutually indentified areas related to trade remedial measures.|
|12.||Agreement on Oil Storage And Management
between Indian Strategic Petroleum Reserves Limited and Abu Dhabi National Oil Company
|This agreement aims to establish a framework for the storage of crude oil by Abu Dhabi National Oil Company in India and to further strengthen the strategic relationship between the two countries in the field of energy.|
|13.||MOU between National Productivity Council and Al Etihad Energy Services Co. LLC||This MOU is on Cooperation in Energy Efficiency Services.|
|14.||MOU between National Security Council Secretariat of India & National Electronic Security Authority of the UAE||This MoU is on technology development and cooperation in cyberspace.|
Latest posts by Team EnergyInfraPost (see all)
- Minister Piyush Goyal launchesPOSOCO-IMD Weather Portal for Power Sector & Web Portal ‘MERIT’ (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency) – June 23, 2017
- BHEL Registers Significant Increase in Intellectual Capital – June 23, 2017
- Global Crude oil price of Indian Basket was US$ 43.85 per bbl on 22.06.2017 – June 23, 2017