19
Monday
November 2018
10:52 AM IST
News Headlines
Fresh protest in Sabarimala        Rahul Gandhi Challenges PM Modi For Debate On Rafale Deal        New bill likely to be introduced in Parliament to rechristen names of Bombay, Calcutta and Madras High Courts        TM Krishna 'celebrates democracy' at Delhi concert        Death toll rises to 76 in California fire as Trump visits        Sri Lanka president Sirisena holds all-party meeting talks to end political crisis        Pankaj wins grand double, extends world title tally to 21        England win second Test against Sri Lanka by 57 runs        Smriti Mandhana becomes second-fastest Indian woman to reach 1000 T20I        It is quality of cricket rather than sledging that wins matches: Shastri on new Aussie approach        India in Australia: Kohli promises to not start arguments, only finish them        At Least Two Killed, Eight Injured In Blast In Karachi        Centre's New Move May Escalate Feud With RBI Ahead Of Board Meet: Report        'Gaja' crosses coast, rainfall pounds TN, 22 dead        Sabarimala board to move SC, buy time to implement order        Sabarimala board to move SC, buy time to implement order        Sindhu crashes out; Srikanth, Sameer enter quarterfinals of Hong Kong Open        No more chopping and changing till World Cup: Ravi Shastri        Air India eyes Rs 800 cr from sale of over 70 properties        Intel India opens design house costing Rs 1,100 cr at B'luru        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
International News
Modi to visit UAE to boost ties
 
(Dubai, Feb 5, 2018): Prime Minister Narendra Modi is set to visit the UAE later this week which authorities and business leaders say signifies the special importance India attaches to its ties with the oil-rich nation and will help in furthering cooperation in diplomatic, economic and security issues.

Modi will be in the UAE on February 10 and 11 and will address the sixth World Government Summit in Dubai.

This will be Modi's second visit to the UAE. He first visited the country in August 2015.

"Prime Minister Narendra Modi s second visit to UAE is an indication of the special importance we attach to the India- UAE relationship," India's Ambassador to the UAE Navdeep Singh Suri said.

According to him, the visit builds in the momentum that has developed since India hosted Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed as chief guest on Republic Day in 2017.

Besides bilateral engagements, Prime Minister Modi is scheduled to address members of the Indian community at the Dubai Opera House.

"During the year, we have seen major UAE investments into India, a significant increase in defence and security cooperation, a transformation in our energy ties from a buyer seller relationship to a strategic partnership.

"For the community, the first Hindu temple in Abu Dhabi will be great news," Suri said.

Echoing Suri s sentiments, the UAE ambassador to India Ahmed Al-Banna said the visit "tells us the direction that India and the UAE have in mind and also the characteristics of our respective leaderships."

"The leadership has put us on a challenging and interesting track where the relationship is very important, on many sectors, and our leaders are pushing to rewrite future plans for both nations," Al-Banna said.

While Ambassador Suri highlighted the trade and investment component of this rapidly-evolving relationship, Ambassador Al-Banna chose to emphasise on the connectivity aspect of it.

"There are 1,076 flights a week between India and the UAE, which is the largest operation of its kind. More than 50 per cent of Indians, who travel outside India to different destinations, such as Europe or America, use Dubai and Abu Dhabi as their transit hub," he said.

It is obvious that both sides are banking on prime minister's visit to go over and above the 17 bilateral agreements signed in January 2016, and 14 agreements in February 2017.

With an eye on India, some leading Gulf businesses with Indians at the helm see this as realisation of long-held dreams.

Yusuffali MA, chairman Lulu Group International and member of Abu Dhabi Chamber of Commerce, said India had been on an aggressive forward march with regard to attracting FDIs.

"The recent report by leading rating agencies and financial institutions have all lauded India s fiscal policies and ease of doing business, so obviously India does look like a hot destination for investment. As far Indo-UAE business relationship is concerned, it is at all time high with both countries being each other's top trading partner," Yusuffali said.

According to him, till recently India was seen as an investment destination only, but off late UAE has been trying to woo Indian businesses to invest and set up operations here.

"This move shows the kind of confidence UAE has on Indian economy and I am sure business houses in both countries will be eagerly looking forward to this visit to open up new areas of co-operation," Yusuffali said.

Manoj Prasad, Executive Chairman, of DIFC-based investment banking firm, Que Capital Limited, believes this visit truly signifies the seriousness among top Indian leadership toward making an ever growing relationship between two countries more meaningful.

"The ambition is obviously growth to which both countries have already started contributing, be it through India investing in infrastructure or the bilateral investment fund which is in the process of being setup," says Prasad.

According to him, businesses among the two countries have witnessed unprecedented growth in recent years.

"The comfort and mutual respect for leaders of both the countries are clearly visible and the visit of Prime Minister Modi to the land with highest NRI diaspora in the world would further enhance it," he said.

A wide spectrum of companies stands to gain from improving bilateral relations facilitating business climate on both sides, he said.

Kulwant Singh, the founder and managing director of Lama Hospitality group, feels the visit signifies that we are serious about our relationship and take our commitments, business associations, joint opportunities, and strategic tie ups seriously.

"We see the formula of successful businesses matching with the perfect platform of opportunities available in India.

With the new budget in place, NRIs will have huge opportunities in sectors like healthcare, education, and infrastructure," Singh told PTI.

Prasanth Manghat, CEO and Executive Director, NMC Health Plc, says the visit will not only develop his outreach to the Arab world but also offer a prospect to further the strategic partnerships in the region.

According to him, the visit is seen by many as cementing the close relationship Modi shares with the UAE leadership, also furthering cooperation in diplomatic, economic and security issues.

"At the ground level of delivery, the strategic partnership is being expanded and the UAE has announced plans to invest USD 75 billion over a decade to meet India s infrastructure needs," he said.

Indian expatriates in the UAE actively participate in projects toward the development of the UAE and this visit will help further evolve the deep and historic relationship shared between the two countries, said Mehirr Nath Choppra, CEO Qasbah Group.

"It would certainly help to get an overview of the projects that have been announced in the past and their current status so serious players can set their timelines accordingly," Choppra said.(PTI)


Death toll rises to 76 in California fire as Trump visits
Sri Lanka president Sirisena holds all-party meeting talks to end political crisis
At Least Two Killed, Eight Injured In Blast In Karachi
US, China see rival visions for entwined Asia-Pacific region
Imran Khan to visit Malaysia next week; likely to seek monetary aid
US Vice President Mike Pence takes Myanmar’s Aung San Suu Kyi to task over treatment of Rohingya
Sri Lankan Parliament passes no-trust vote against Rajapaksa
UK says Brexit deal 'almost within touching distance'
Trump criticises Macron again over European defence remarks
175 dead, over 10,000 affected by Nigeria cholera outbreak
Lankan parties move SC against Parliament dissolution by Prez Sirisena
Death toll hits 25 from wildfires at both ends of California
"Nationalism Betrayal Of Patriotism": Emmanuel Macron, Trump By His Side
One killed, several injured in stabbing attack in Melbourne: Police
Journalists beware: After Bloomberg bots, AI news presenter debuts in China
Russia says it thwarted drone attacks at World Cup
Pak PM Imran Khan wishes Hindu community on Diwali
UK opens up armed forces recruitment to more Indians
US midterms: Key factors that will drive verdict on 21 months of Trumpism
India, China Among 8 Countries Exempt From US Sanctions On Iran Oil
ENTERTAINMENT NEWS
Vaikom Vijayalekshmi ties knot with Anoop
 Vaikom: Playback singer Vaikom Vijayalekshmi has tied knot with Anoop N. at Vaikom Mahadeva temple.  
Mohanlal's Odiyan: Official trailer launched
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
KERALA NEWS
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
NATIONAL NEWS
Rahul Gandhi Challenges PM Modi For Debate On Rafale Deal
 (Ambikapur, Nov 18, 2018):Stepping up attack on Prime Minister Narendra Modi, Congress Presid
New bill likely to be introduced in Parliament to rechristen names of Bombay, Calcutta and Madras High Courts
TM Krishna 'celebrates democracy' at Delhi concert
'Gaja' crosses coast, rainfall pounds TN, 22 dead
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.