Enhancing defence, energy ties on agenda as UAE foreign minister heads to India

[Hindustani78]

Enhancing defence, energy ties on agenda as UAE foreign minister heads to India | Zee News
Last Updated: Saturday, August 29, 2015 - 22:23


New Delhi: Foreign Minister of United Arab Emirates Sheikh Abdullah Bin Zayed Al-Nahyan will arrive here next week during which both sides will deliberate on enhancing ties in a range of key areas, including defence production, security, counter-terrorism, energy and trade and investment.


Al-Nahyan will be here primarily to participate in the India-UAE Joint Commission Meeting on Technical and Economical Cooperation to be held on September 2-3.

Prime Minister Narendra Modi had visited UAE from August 17-18, the first by an Indian premier to the Gulf nation in 34 years, during which both sides had decided to significantly ramp up cooperation in a range of areas such as counter- terrorism, defence and economy.

Al-Nahyan will be accompanied by a delegation comprising senior officials and captains of industry.

The Joint Commission Meeting will be co-chaired by External Affairs Minister Sushma Swaraj and the UAE Foreign Minister.

The meeting will discuss a variety of bilateral issues, including trade, investment and cooperation in new areas, defence production, infrastructure, security, counter- terrorism, energy security and medium and small enterprises, the External Affairs Ministry said.

It will also deliberate on scientific collaboration in areas such as space and renewable energy, sustainable development, environment, arid agriculture, desert ecology, urban development and advanced healthcare.

"India and UAE have historically enjoyed close and friendly relations marked by high-level visits, commercial exchanges and people-to-people contacts.

"Geographical proximity, historical trade links, cultural affinities and growing cooperation in key areas of mutual interest, including energy security, trade and investment, infrastructure development projects, petrochemicals, education and culture continue to strengthen and deepen this relationship," the Ministry said.

It said the historic visit of the Prime Minister to the UAE has "redefined" the relationship and elevated it to a strategic partnership.

"The forthcoming Joint Commission Meeting is expected to take our multifaceted bilateral relations to new heights," it said.

PTI

 

[ganesh623]

There will be lot of this on this thread again.

 

[Hindustani78]

This is one of the best picture.

 

[ganesh623]

Music to ears.

It said the historic visit of the Prime Minister to the UAE has "redefined" the relationship and elevated it to a strategic partnership.

"The forthcoming Joint Commission Meeting is expected to take our multifaceted bilateral relations to new heights," it said.

 

[samlove]

Enhancing defence, energy ties on agenda as UAE foreign minister heads to India | Zee News
Last Updated: Saturday, August 29, 2015 - 22:23


New Delhi: Foreign Minister of United Arab Emirates Sheikh Abdullah Bin Zayed Al-Nahyan will arrive here next week during which both sides will deliberate on enhancing ties in a range of key areas, including defence production, security, counter-terrorism, energy and trade and investment.


Al-Nahyan will be here primarily to participate in the India-UAE Joint Commission Meeting on Technical and Economical Cooperation to be held on September 2-3.

Prime Minister Narendra Modi had visited UAE from August 17-18, the first by an Indian premier to the Gulf nation in 34 years, during which both sides had decided to significantly ramp up cooperation in a range of areas such as counter- terrorism, defence and economy.

Al-Nahyan will be accompanied by a delegation comprising senior officials and captains of industry.

The Joint Commission Meeting will be co-chaired by External Affairs Minister Sushma Swaraj and the UAE Foreign Minister.

The meeting will discuss a variety of bilateral issues, including trade, investment and cooperation in new areas, defence production, infrastructure, security, counter- terrorism, energy security and medium and small enterprises, the External Affairs Ministry said.

It will also deliberate on scientific collaboration in areas such as space and renewable energy, sustainable development, environment, arid agriculture, desert ecology, urban development and advanced healthcare.

"India and UAE have historically enjoyed close and friendly relations marked by high-level visits, commercial exchanges and people-to-people contacts.

"Geographical proximity, historical trade links, cultural affinities and growing cooperation in key areas of mutual interest, including energy security, trade and investment, infrastructure development projects, petrochemicals, education and culture continue to strengthen and deepen this relationship," the Ministry said.

It said the historic visit of the Prime Minister to the UAE has "redefined" the relationship and elevated it to a strategic partnership.

"The forthcoming Joint Commission Meeting is expected to take our multifaceted bilateral relations to new heights," it said.

PTI

this guy Sheikh Abdullah Bin Zayed Al-Nahyan organised visit of modi in uae,it was him who invited modi to uae and also very keen to have business relation with india

 

[Hindustani78]

August 29, 2015

• His Highness Sheikh Abdullah Bin Zayed Al-Nahyan, Minister of Foreign Affairs of United Arab Emirates is leading a delegation, including senior officials and captains of industry to India for the India-UAE Joint Commission Meeting on Technical and Economical Cooperation, scheduled to be held on 02-03 September, 2015 in New Delhi. 11th in series, the Joint Commission Meeting with UAE will be co-chaired by External Affairs Minister of India and the Minister of Foreign Affairs of UAE and will discuss a variety of bilateral issues including trade, investment and cooperation in new areas including defence production, infrastructure, security, counter-terrorism, energy security and medium and small entreprises; scientific collaboration in the area such as space and renewable energy, sustainable development, environment, arid agriculture, desert ecology, urban development and advanced healthcare.
• India and UAE have historically enjoyed close and friendly relations marked by high-level visits, commercial exchanges and people-to-people contacts. Geographical proximity, historical trade links, cultural affinities and growing cooperation in key areas of mutual interest, including, energy security, trade and investment, infrastructure development projects, petrochemicals, education and culture continue to strengthen and deepen this relationship. The recent historic visit of Prime Minister of India to the UAE has redefined our bilateral relationship and elevated it to a strategic partnership.
• The forthcoming Joint Commission Meeting is expected to take our multifaceted bilateral relations to new heights.

New Delhi
August 29, 2015

this guy Sheikh Abdullah Bin Zayed Al-Nahyan organised visit of modi in uae,it was him who invited modi to uae and also very keen to have business relation with india

The traditionally close and friendly India- UAE bilateral relationship has evolved into a significant partnership in the economic and commercial sphere. India -UAE trade,valued at US$ 180 million per annum in the 1970s, is today around US$60 billion making UAE, India’s third largest trading partner for the year 2013-14.

UAE is the second largest export destination of India with an amount of over US$ 30 billion for the year 2013-14. For UAE, India is the largesttrading partner for the year 2013 with an amount of over US$ 36.27 billion (non-oil trade).
India's exports to the UAE are well diversified with a large basket.

 

[Optimos Prime IA]

What kind of defence cooperation we are talking about ?

 

[Hindustani78]

What kind of defence cooperation we are talking about ?

The National Security Advisors, together with other high level representatives for security from both nations, will meet every six months," the statement said.

The two sides agreed to strengthen defence relations, including through regular exercises and training of naval, air, land and special forces, and in coastal defence.

The UAE also conveyed to India that it will cooperate in manufacture of defence equipment in India.

They also agreed to promote cooperation in cyber security, including "prevention on use of cyber for terrorism, radicalisation and disturbing social harmony."

The UAE also conveyed to India that it will cooperate in manufacture of defence equipment in India.

 

[Hindustani78]

Ministry of Finance
16-October, 2017 17:05 IST
First Investment Agreement signed between NIIF and a wholly owned subsidiary of Abu Dhabi Investment Authority

Pursuant to the Memorandum of Understanding (MoU) between Department of Economic Affairs, Ministry of Finance, Government of India and the Government of United Arab Emirates (UAE) to mobilise long term investment into National Investment and Infrastructure Fund (NIIF), the first investment agreement between NIIF Master Fund and a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) has been signed today. The investment from ADIA Group would be 1 billion USD.

As a part of the agreement, ADIA will become the first institutional investor in NIIF’s Master Fund and a shareholder in the NIIF’s investment management Company.

Six domestic Institutional Investors (DIIs) viz. HDFC Standard Life Insurance Company Limited, HDFC Asset Management Company Limited, Housing Development Finance Corporation Limited, ICICI Bank Limited, Kotak Mahindra Old Mutual Life Insurance Limited, Axis Bank Limited will also be joining the NIIF Master Fund alongwith ADIA apart from Government of India.

Commenting on the development, Secretary Economic Affairs, Shri Subhash Chandra Garg, said: "This is a significant milestone in operationalisation of NIIF. This Agreement paves the way for creating significant economic impact through investment in commercially viable infrastructure development projects ".

The NIIF was created, after a decision by the Union Cabinet on 29.7.2015 and was envisaged to be established as one or more Alternative Investment Funds (AIFs) under the SEBI Regulations. The proposed corpus of NIIF is Rs. 40,000 Crores (around USD 6 Billion). GOI’s contribution to the NIIF shall be 49% of the total commitment at any given point of time. NIIF has been mandated to solicit equity participation from strategic anchor partners, like overseas sovereign/quasi-sovereign/multilateral/bilateral investors.

Two companies viz. NIIFTL, the trustee of the fund and NIIFL, the investment management company were incorporated in 2015. A Governing Council has been set up under the chairmanship of the union Finance Minister Shri Arun Jaitley to act as an advisory council to NIIF.

A few investors viz. Government of UAE, RUSNANO, QIA, RDIF and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) have signed MoUs with the NIIF. In addition, DEA has signed terms for cooperation on the NIIF with the US Treasury and the UK Treasury. An India-UK Green Growth Equity Fund (GGEF) has been announced in April 2017. The fund shall be set up under the fund of funds vertical of NIIF, and shall have anchor commitments of GBP 120 million each from Government of India (through NIIF) and Government of UK.



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