(MENAFN- Khaleej Times)
Published: Fri 18 Feb 2022, 8:41 PM
Last updated: Fri 18 Feb 2022, 10:57 PM
India and the UAE will stand shoulder to shoulder against terrorism, Indian Prime Minister Narendra Modi said on Friday at a virtual summit with His Highness sheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
In his remarks, Modi also referred to the recent terror attacks in the UAE even as he delved into various facets of the expanding ties between the two countries.
“We strongly condemn the recent terrorist attacks in the UAE. India and the UAE will stand shoulder to shoulder against terrorism,” he said.
The prime minister also complimented the UAE for showing interest in investing in Jammu and Kashmir.
ALSO READ:
- India-UAE Summit: Trade deal will create one million jobs, says minister
- UAE-India Summit: Non-Resident Indian businessmen hail landmark trade agreement deal
- India-UAE strategic agreements will lead to glorious, shared future, says Indian FM Jaishankar
- India, UAE sign Comprehensive Economic Partnership Agreement
“Following the successful visit of the Lieutenant Governor of Jammu and Kashmir to the UAE last month, several Emirati companies have shown interest in investing in Jammu and Kashmir,” he said.
“We welcome investment by the UAE in all sectors, including logistics, healthcare, hospitality, in Jammu and Kashmir,” Modi added.
In a significant development, the two sides also inked a Comprehensive Economic Partnership Agreement (CEPA) to further boost trade and investment ties.
In his remarks, Modi said the agreement reflects the deep friendship, the shared vision and the trust between the two countries.
“I am sure this will usher in a new era in our economic relations. And our business will grow from $60 billion to $100 billion in the next five years,” he said.
Modi said both sides can encourage startups through joint-incubation and joint-financing, adding that there is scope for cooperation in the skill development of people as well.
At the summit, the two sides also firmed up a vision statement that lays out the contours of the future course of bilateral relations and highlights the areas of focus.
In the vision statement, the two sides agreed to enhance maritime cooperation with an aim to contribute to the maintenance of peace and security in the region.
The two sides also reaffirmed their joint commitment to fight against extremism and terrorism in all forms, including cross-border terrorism, at both regional and international levels.
It also refers to working on a dedicated investment zone for the UAE companies and joint ventures with a focus on setting up a food corridor and the establishment of a dedicated India Mart in the Jebel Ali Free Zone.
It also seeks to create investment opportunities for Indian investors in establishing specialised industrial advanced technology zones in Abu Dhabi, with a specific focus in the areas of logistics and services, pharmaceuticals, medical devices, agriculture, agri-tech, steel and aluminium.
On energy partnership, the vision statement said collaboration will be forged to support India's energy requirements, including new energies, and ensure the provision of affordable and secure energy supplies to India's growing economy.
MENAFN18022022000049011007ID1103725114
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.