Dubai : Addressing an unprecedented gathering of 70 thousand Indian diaspora at the Dubai Cricket Stadium, PM Modi paid rich tributes to the toil and dedication of Indian expatriates in nation building; Thanks Crown Prince of UAE for agreeing to allot land for building a temple in Abu Dhabi.
India and United Arab Emirates resolve to fight terrorism unitedly; During his 2-day tour of UAE, Prime Minister Narendra Modi gets unstinted support from the Gulf country on terrorism; Inda-UAE relationship elevated to a comprehensive strategic partnership level; UAE also agrees to invest over 4.5 lakh crore Rupees in India.
Elevating their ties to a comprehensive strategic partnership, India and the UAE on Monday came down heavily on countries sponsoring terrorism against other states.
The two sides decided to elevate India-UAE relationship to a comprehensive strategic partnership and chart out a new course for cooperation in key areas like trade and investment, defence, security, maritime security and intelligence sharing.
On the second and concluding day of his 2 day visit to UAE, the PM held comprehensive talks with UAE Vice President and Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum in Dubai today.
On the concluding day of his two day visit to the UAE Prime Minister Narendra Modi held extensive talks with the Crown Prince and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohamed bin Zayed Al Nahyan in Dubai.
The talks centred on on key issues of security and trade even as the two sides looked at elevating the ties to the strategic level.
Apart from key bilateral issues, the two leaders also discussed situation in the region, particularly in wake of the increasing threat of terrorism and extremism from various sources including the Islamic State militant group.
Apart from trade and investments, ways to jointly tackle terror was high on the agenda of the talks.
According to sources, the Prime Mnister during his meeting with UAE authorities, urged them to seize all benaami and other properties registered in the name of Dawood Ibrahim, who is wanted in 1993 Mumbai serial bomb blasts case. Dawood and his brother is said to have shares in many companies in UAE and has invested hotel business across the UAE.
To further bolster economic ties, UAE agreed to enhance its investments in India to USD 75 billion dollars or about 5 lakh crore rupees. The Investment would include a dedicated infrastructure fund. The two nations would also raise bilateral trade by 60 per cent in the next five years.
The two countries also agreed for strategic partnership in the energy sector, including through UAE’s participation in petroleum sectors in India and tie-ups in the third countries.
While deciding to elevate India-UAE relationship to a comprehensive strategic partnership, Prime Minister Narendra Modi and Crown Prince Mohamed Bin Zayed AI Nahyan also agreed to facilitate participation of Indian companies in infrastructure development in the UAE.
Later the Prime Minister Narendra held talks with Vice President and Prime Minister of the UAE Sheikh Mohammed Bin Rashid Al Maktoum with a major focus on stepping up economic engagement in a range of sectors.
Currently India-UAE trade is valued at 60 billion dollars, making the UAE, India’s third-largest trading partner for the year 2014-15 after China and the US. But now, the leaders of the two countries have resolved to take ties to much higher plane.
Leaders of the two sides have also issued a joint statement which elaborates their intent to take India-UAE ties to higher levels.
– The leaders have agreed to elevate the India-UAE relationship to a comprehensive strategic partnership
– Denounce terrorism in all forms & calling on all states to reject the use of terrorism against other countries
– They agreed to coordinate efforts to counter radicalization and misuse of religion by groups and countries for inciting hatred, perpetrating and justifying terrorism
– Enhance cooperation in counter-terrorism operations, intelligence sharing and capacity building
– Work together for the adoption of India’s proposed Comprehensive convention on International Terrorism in the United Nations
– Cooperate to strengthen maritime security in the Gulf and the Indian Ocean region
– Strengthen defence relations, including through regular exercises and training of naval, air, land and Special Forces, and in coastal defence
– establishment of UAE-India Infrastructure Investment Fund, with the aim of reaching a target of USD 75 billion to support investment in India
– Promote strategic partnership in the energy
– Further promote trade between the two countries with target of increasing it by 60% in the next five years
