India, UAE to ink 12 pacts during Modi’s visit

 

As many as 12 agreements will be signed during Prime Minister Narendra Modi’s visit to the UAE later this week as India and the United Arab Emirates (UAE) look to intensify economic cooperation.

 

  • The agreements will include areas like finance and skills development.
  • The PM’s visit to the UAE will be a part of his visit to three West Asian countries — Palestine, the UAE and Oman — on Friday with focus on cooperation in key areas of defence, security and counter-terrorism.
  • The Prime Minister will participate in the 6th World Government Summit in Dubai on February 10-11 in which India is a partner country. PM Modi will address a gathering of over 2,000 people, more than 26 heads of State, the Prime Minister’s Ministers and more than 2,000 delegates from all over the world.
  • This will be Mr. Modi’s second visit to the UAE. He first visited the country in August 2015.
  • These visits are important for enhancing and strengthening the bilateral relations. The investment from UAE to India exceeds $11 billion, about $4-5 billion in the format of FDI. Around 2.8 million Indians are living harmoniously in the UAE and repatriating $13.6 billion a year from the Gulf nation to India.

 

  • The World Government Summit is an annual event held in Dubai, UAE.
  • It brings together leaders in government for a global dialogue about governmental process and policies with a focus on the issues of futurism, technology and innovation, as well as other topics.
  • The summit acts as a knowledge exchange hub between government officials, thought leaders, policy makers and private sector leaders, and as an analysis platform for the future trends, issues and opportunities facing humanity.
  • The summit hosts over 90 speakers from 150 participating countriesalong with over 4000 attendees.

 

The Hindu

Posted by Jawwad Kazi on 7th Feb 2018