PM Modi’s visit to UAE sets new benchmarks in India-UAE partnership

Описание: PM Modi had a successful visit to the UAE where he met the President and Ruler, H.H Sheikh Mohamed bin Zayed Al Nahyan and also met Dr Sultan Al Jaber President designate of COP 28. The two countries exchanged various agreements on issues of health, defence, culture and fintech among others.
Both the leaders also had extensive discussions covering various aspects of bilateral ties where leaders committed to enhancing cooperation on climate ambition, decarbonization, and clean energy, and work together to have tangible and meaningful outcomes from the 28th Session of the UNFCCC Conference of Parties. During the visit, the PM Modi and UAE President Al Nahyan witnessed the exchange of three historic Memoranda of Understanding. An MoU on Local Currency Settlement (LCS) System was signed between the Reserve Bank of India and the Central Bank of the United Arab Emirates enabling the use of Indian Rupee (INR) and UAE Dirham (AED) for Cross-border Transactions. Another MoU was exchanged for the establishment of a campus of IIT Delhi in Abu Dhabi between the Indian Ministry of Education, UAE’s Abu Dhabi Department of Education and Knowledge and the Indian Institute of Technology, Delhi A third MoU was exchanged on bilateral cooperation on interlinking the payment and messaging systems between the Reserve Bank of India and the Central Bank of the UAE. Prior to this, PM Modi was in France for two days, where he attended the Bastille Day parade as the guest of honour.

#UAE #NarendraModi #IndiaUAE

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