UAE, India ink 7 agreements in key sectors

UAE, India ink 7 agreements in key sectors

New Delhi - They cover cyber security, infrastructure investments and labour relations.



By WAM

Published: Thu 11 Feb 2016, 11:00 PM

Last updated: Fri 12 Feb 2016, 12:48 PM

The UAE and India signed a wide-ranging set of seven agreements including on cyber security, infrastructure investment and insurance. The agreements were signed after talks between His Highness Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Indian Prime Minister Narendra Modi in New Delhi on Thursday.
At their restricted as well as delegation-level talks here, the two leaders deliberated extensively on combating threat of terrorism including from Daesh, and explored ways to enhance bilateral cooperation in counter-terrorism, maritime security and defence.
The pact on cyber space will provide for greater synergy between security agencies of the two countries to combat efforts to radicalise youths through online platforms besides checking activities of terror groups.

The signed agreements and MoUs are:
> An MoU titled Executive Programme for Cultural Cooperation between the Government of the UAE and the Government of India (2016-2018) aims at developing and boosting cultural relations between the two countries, protection of national heritage and exchange of publications of mutual interest.
> An MoU between the UAE's Insurance Authority and the Insurance Regulatory and Development Authority of India (IRDAI) aims at promoting cooperation in insurance regulations.
> An MoU sets deals with facilitating contributions of the UAE's investment funds to investment in India's infrastructure. It also aims at achieving further economic, trade and investment cooperation.
> An MoU between the UAE Space Agency and the Indian Space Research Organisation facilitates cooperation in the area of space exploration and the peaceful use of outer space. The MoU aims at introducing cooperation in space-related activities and achieving the two states' common interest in the use and development of space technology applications for peaceful purposes.
> A Letter of Intent between the UAE's National Qualifications Authority and India's Ministry of Skill Development and Entrepreneurship establishes cooperation in the areas in skill development and mutual recognition of qualifications as well as transfer of skilled labour between India and the UAE and implementing the principles of equality and mutual benefits.
> An MoU for cooperation in the area of combating electronic crimes. The MoU was signed between the UAE's Ministry of Interior and India's Ministry of Home Affairs. The MoU aims at boosting cooperation in the area of electronic crimes, which threaten to destabilise societies.
> A General Framework Agreement between the UAE's Ministry of Foreign Affair and India's Ministry of New and Renewable Energy sets out cooperation in the area of renewable energy, especially in the area of investments and joint research and development efforts between the two countries.


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