India-UAE Virtual Summit

Published By : Admin | February 18, 2022 | 20:16 IST
PM Modi, Crown Prince of UAE hold Virtual Summit
India-UAE sign Comprehensive Economic Partnership Agreement
PM Modi welcomes UAE's investment in diverse sectors in Jammu and Kashmir

 

Hon'ble Prime Minister Shri Narendra Modi and Crown Prince of Abu Dhabi HH Sheikh Mohammed bin Zayed Al Nahyan held a Virtual Summit earlier today. Both leaders expressed deep satisfaction at the continuous growth in bilateral relations in all sectors.

Hon'ble Prime Minister and His Highness the Crown Prince issued a Joint Vision Statement "Advancing the 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 dynamic 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) by Minister of Commerce and Industry Shri Piyush Goyal and Minister of Economy of UAE, H.E. 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 increase in bilateral trade from the current USD 60 bn to USD 100 bn in the next 5 years. 

The two Leaders also released Joint Commemorative Stamp on the occasion of 75th anniversary of India's independence and 50th year of UAE's foundation. Two MOUs signed between Indian and UAE entities were also announced during the Summit.  These are, MOU between APEDA and DP World & 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.

Prime Minister thanked His Highness Crown Prince of Abu Dhabi for taking care of the Indian community during Covid pandemic.  He also invited him to pay an early visit to India.

 

Click here to read PM's speech

Explore More
140 crore Indians have taken a collective resolve to build a Viksit Bharat: PM Modi on Independence Day

Popular Speeches

140 crore Indians have taken a collective resolve to build a Viksit Bharat: PM Modi on Independence Day
India’s organic food products export reaches $448 Mn, set to surpass last year’s figures

Media Coverage

India’s organic food products export reaches $448 Mn, set to surpass last year’s figures
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Prime Minister lauds the passing of amendments proposed to Oilfields (Regulation and Development) Act 1948
December 03, 2024

The Prime Minister Shri Narendra Modi lauded the passing of amendments proposed to Oilfields (Regulation and Development) Act 1948 in Rajya Sabha today. He remarked that it was an important legislation which will boost energy security and also contribute to a prosperous India.

Responding to a post on X by Union Minister Shri Hardeep Singh Puri, Shri Modi wrote:

“This is an important legislation which will boost energy security and also contribute to a prosperous India.”