UAE, India boost ties with deals in cybersecurity, infrastructure, energy

Published February 14th, 2016 - 06:00 GMT
Indian Prime Minister Narendra Modi (R) shares a light moment with Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan at Hyderabad House in New Delhi on February 11, 2016. (AFP/Money Sharma)
Indian Prime Minister Narendra Modi (R) shares a light moment with Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan at Hyderabad House in New Delhi on February 11, 2016. (AFP/Money Sharma)

Strategic ties between the UAE and India got a boost on Thursday following the signing of a number of bilateral deals.

India and the UAE signed seven agreements across several sectors on second day of the three-day visit to India of a UAE delegation.

The agreements are in the field of cybersecurity, infrastructure investment, renewable energy and space cooperation, Vikas Swarup, Indian External Affairs Ministry spokesman said in a tweet.

Three more agreements have already been exchanged in the fields of insurance, culture and skill development, he added.

Another agreement between Dubai Economic Council and India’s Exim Bank was signed in Mumbai on Friday. 

“The leaders witness the exchange of four agreements across various sectors,” Swarup said after the agreements were signed by officials from both sides in the presence of Sheikh Mohammad Bin Zayed al-Nahyan, and Indian Prime Minister Narendra Modi at Hyderabad House.

Investments

The UAE, meanwhile, said it expects India to make investments in India further streamlined by removing existing bottlenecks.

“The UAE’s foreign direct investment in India is not very large in comparison to the size of the Indian economy. What we would like to see is a more attractive climate in terms of absorbing new investments from the UAE, and we are talking with each other to facilitate that,” Dr Anwar Mohammad Gargash, Minister of State for Foreign Affairs said in New Delhi.

By Chiranjib Sengupta

Editor's note: This article has been edited from the source material.


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