Power News We love to talk!

FEB 12 2016

India, UAE sign nine agreements

  • Economic Times, ET Bureau / Hyderabad
  • Created: Fri 12th FEB 2016

Following discussions held at the Hyderabad House between Prime Minister Narendra Modi and the visiting Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan, India and the United Arab Emirates (UAE) on Thursday signed nine agreements covering cooperation in the fields of currency swap, culture, investments in the infrastructure sector, renewable energy, space research, insurance supervision, cyber security, skill development and commercial information sharing.

Earlier in the day, Sheikh Bin Zayed was given a ceremonial welcome at the forecourt of the Rashtrapati Bhavan. Sheikh bin Zayed also had a restricted meeting at 7, Race Course Road, with Mr.Modi. The Ministry of External Affairs initially announced four agreements but revised the list later adding five more agreements.

Anwar Gargash, UAE’s Minister of State for Foreign Affairs, told The Hindu that both sides had reached an understanding on a wide range of issues and the agreements signed on Thursday were the beginning of a new era of bilateral cooperation.

“We have common interest in fighting terrorism and, therefore, we have an agreement to counter terror in the cyber field. Defence collaboration is also progressing well,” said Dr.Gargash, highlighting that a great deal of bilateral cooperation had taken off since Mr.Modi visited UAE in 2015.

 However, the much anticipated agreement on India accessing UAE’s Sovereign Fund was not declared on Thursday. “India should carry out some structural changes in its economy to facilitate such an agreement,” Dr.Gargash said.

 Dr.Gargash said India and the UAE had begun a dialogue that would firm up a Free Trade Agreement between India and the Gulf Cooperation Council.

 

 

Tags

BILATERAL Renewable Energy Energy Minister of State India

Related News

  • India to import first oil to fill strategic reserves  Read more
  • CERC gives more time to FTIL for completing IEX stake sale  Read more
  • ONGC Videsh losing out chance to gobble cheap assets due to crude oil collapse  Read more
  • Coal India to invest Rs 5000 crore to procure railway wagons  Read more
  • Kerala start-up listed in the global league of six firms for clean energy campaign  Read more
  • Tata Power plans to add capacity by 850 MW  Read more
  • 'Having no energy costlier than cost of any energy'  Read more
  • NTPC to merge unit with self, consider exits from joint ventures  Read more
  • LNG, shale gas to be in Indo-US talks today  Read more
  • Wind developers at risk as India copes with dual payment system  Read more