The bilateral ties have witnessed qualitative and quantitative progress with Prime Minister Narendra Modi giving top priority to enhance India’s relations with the UAE and its top leadership.
The BRICS summit in August, during which the UAE joined the group, and the announcement of
the India-Middle East Economic Corridor (IMEEC) in New Delhi during the G20 summit in September were the highlights of the level of cooperation.
The new member nations will become part of BRICS (BrazilRussia-India-China-South Africa) with effect from January 1, 2024. The inclusion represents
a strategic step for the UAE and consolidates its global economic and diplomatic engagements.
The proposed IMEEC will comprise an eastern corridor connecting India to the Gulf region and a northern corridor connecting the Gulf region to Europe.
India will be linked to Europe by a railway line and existing ports through UAE, Saudi Arabia, Jordan, and Israel.
Throughout 2023, the IndiaUAE relationship saw significant advancements, especially in trade, defence, and multilateral cooperation.
The India-UAE Comprehensive Economic Partnership Agreement (CEPA), implemented on
May 1, 2022, significantly impacted bilateral trade.
In the fiscal year 2022-23, trade between the two countries reached a historic high of around USD 84.5 billion, marking a yearon-year increase of 16 per cent.
Indian exports to the UAE also recorded remarkable growth, reaching USD 31.6 billion, a 12 per cent increase from the previous year. The agreement eliminated duties on many tariff lines and covered many sectors, benefiting industries like oil seeds, beverages, textiles, and pharmaceuticals.
Prime Minister Narendra Modi's visit to the UAE in July 2023 marked his fifth visit to the country since being elected.
Denne historien er fra December 31, 2023-utgaven av The Business Guardian.
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Denne historien er fra December 31, 2023-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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LG direct for immediate appointment of 2,346 Home Guards
Delhi Lieutenant Governor, Vinai Kumar Saxena has directed for the immediate appointment of 2,346 Home Guards, who have qualified for their Physical Measurement and Efficiency Test (PMET) and written test, even as other vacancies amounting to 7,939 await outcome of two pending court cases, said an official statement from Lieutenant Governor office on Tuesday.
'Discoms colluding with AAP for windfall gains'
The Delhi BJP on Tuesday submitted a memorandum to Lieutenant Governor VK Saxena, calling for an investigation into alleged financial irregularities in the power distribution companies, or discoms.
Delhi faces unusually high temperatures in Nov
This year, however, daytime temperatures have not fallen below 30 degrees Celsius, with the lowest recorded so far at 31 degrees Celsius.
SUPREME COURT DIRECTED PUNJAB GOVT, SEC TO NOTIFY MUNICIPALITY ELECTIONS IN 2 WEEKS; TO BE COMPLETED IN 8 WEEKS THEREAFTER
The Supreme Court in the case The State of Punjab and Ors. Versus Beant Kumar And Anr modified the Punjab and Haryana High Court order which directed that Punjab municipality elections be notified within 15 days.
HC pulls up Delhi Govt Finance Dept for delayed funds to Asha Kiran
During the hearing, the bench expressed strong disapproval, stating, \"The urgency is not impressed upon you... 14 people have died... You should have called the MCD official and asked him the queries.\"
Govt. distributes heaters to curb winter pollution and help night workers
The Aam Aadmi Party (AAP) government has launched a campaign to distribute electric heaters to night security guards in an effort to reduce air pollution in Delhi.
OVER 2.7 LAKH VEHICLES FINED FOR LACK OF PUC SINCE JAN 1
Delhi Traffic Police has issued over 2.70 lakh challans to vehicle owners for driving without a pollution under control (PUC) certificate between January 1 and October 31 this year, the highest in three years, official data showed.
AAP TO CONDUCT SURVEY FOR ALL SEATS
Ahead of the polls, Kejriwal and other senior AAP leaders are holding gatherings at the district level to prepare the party workers for campaigning. No matter who contests on AAP ticket, the party workers should think as though the former chief minister was fighting on all the 70 seats and should have their allegiance to him only, Kejriwal has said.
MCD fines Rs 2.69 cr for violations of dust pollution norms
The Municipal Corporation of Delhi (MCD) has issued fines amounting to Rs 2.69 crore for violation of dust control norms during construction and demolition (C&D) activities between April and October this year, according to official data.
Supreme Court Dismissed Man's Petition To Deactivate 'Machine' Controlling His Brain: 'Bizarre'
The Supreme Court in the case observed and has dismissed a petition filed by a man who alleged that his brain was being controlled by other persons through a machine.
