IIT Delhi In Gulf, Trade In Local Currencies Focus Of PM’s UAE Visit

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PM Modi flew to Abu Dhabi this morning from France.

New Delhi/Abu Dhabi:
India and UAE agreed to key financial collaborations and determined to determine an IIT campus in Abu Dhabi throughout Prime Minister Narendra Modi’s official go to to the Gulf nation at the moment.

Listed below are the highest 10 factors on this massive story:

  1. India and UAE at the moment agreed to advertise the usage of native currencies for cross-border transactions and to interlink the Unified Funds Interface (UPI) with the Gulf nation’s Prompt Cost Platform (IPP).

  2. Sharing this replace, PM Modi stated, “This can be a essential facet of India-UAE cooperation. It paves the way in which for enhanced financial collaboration and can make worldwide monetary interactions easier.”

  3. In addition to, the schooling ministries of the 2 nations and IIT-Delhi determined to determine a department of the premier institute in Abu Dhabi.

  4. “This marks a major stride in our instructional internationalisation and is testomony to India’s innovation prowess. Training is the bond that unites us, it is the spark that ignites innovation. Collectively, we are going to leverage this energy for mutual prosperity and world betterment,” tweeted the Prime Minister.

  5. PM Modi flew to Abu Dhabi this morning from France and held talks with UAE Crown Prince Sheikh Mohamed bin Zayed Al Nahyan, who obtained him on the airport on his arrival.

  6. “It’s all the time gladdening to satisfy HH Sheikh Mohamed bin Zayed Al Nahyan. His vitality and imaginative and prescient for growth are admirable. We mentioned the total vary of India-UAE ties together with methods to spice up cultural and financial ties,” he tweeted.

  7. The Prime Minister additionally stated there was a 20% improve in India-UAE commerce because the two nations signed the Complete Financial Partnership Settlement final 12 months. His remarks got here following his assembly with the UAE President.

  8. He additionally stated that he obtained the love of a brother from Mr Al Nahyan and that Indians see him as a “true buddy”. “The style wherein ties between our nations have expanded, you will have made a giant contribution to that. Each individual in India views you as a real buddy,” he instructed the President.

  9. He famous the UAE will this 12 months take over the management of COP-28, the United Nations Local weather Change Convention, and that he has determined to take part in it. He additionally met COP28 President-designate Sultan Al Jaber and warranted India’s full help for UAE’s presidency for the local weather convention.

  10. “Had a really productive assembly with Dr. Sultan Al Jaber, the President-designate of @COP28_UAE. Our discussions centered on methods to additional sustainable growth. Highlighted India’s contribution on this path, specifically our emphasis on Mission LiFE,” tweeted PM Modi.

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