India protests announcement of General Elections in Gilgit-Baltistan by Pakistan, Executive Council approves renaming of Barkatullah University to 'Vagdevi Bhojpal University': Registrar, Shreyas Iyer replaces Suryakumar Yadav as India's T20I captain,

PM Modi holds India-UAE summit with Abu Dhabi Crown Prince

Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan on Friday held a Virtual Summit. Both leaders expressed deep satisfaction with the continuous growth in bilateral relations in all sectors. Prime Minister Modi and the Crown Prince issued a Joint vision statement Advancing India and UAE Comprehensive Strategic Partnership: New Frontiers, New Milestone. The Statement establishes a roadmap for a future-oriented partnership between India and UAE and identifies focus areas and outcomes. The shared objective is to promote new trade, investment, and innovation dynamics in diverse sectors, including economy, energy, climate action, emerging technologies, skills and education, food security, healthcare, and defence and security.
A major highlight of the Virtual Summit was the signing and exchange of the India-UAE Comprehensive Economic Partnership Agreement, CEPA. It was signed by Commerce and Industry Minister Piyush Goyal and Minister of Economy of UAE, Abdulla bin Touq Al-Marri in the virtual presence of the two Leaders. The agreement will provide significant benefits to Indian and UAE businesses, including enhanced market access and reduced tariffs. It is expected that the CEPA will lead to an increase in bilateral trade from the current 60 billion US dollar to one hundred billion dollars in the next five years.

Both leaders also released Joint Commemorative Stamp on the occasion of 75th anniversary of India's independence and 50th year of UAE's foundation. During the Summit, two MOUs signed between Indian and UAE entities were also announced. These are, MoU between Agricultural and Processed Food Products Export Development Authority, APEDA and DP World, and Al Dahra on Food Security Corridor Initiative and MoU between India's Gift City and Abu Dhabi Global Market on cooperation in financial projects and services. Two other MOUs - one on cooperation in Climate Action and the other on Education have also been agreed between the two sides. 

 


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