Tag: UAE

Chief Minister Bhupendra Patel

Patel Explores Collaborations With UAE In Green Technologies, Infrastructure

By LokMarg

Chief Minister Bhupendra Patel engaged in a high-profile meeting with Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, UAE, during the ongoing Vibrant Gujarat Global Summit 2024.

The discussions focused on fostering collaboration between Gujarat and the United Arab Emirates, with a particular emphasis on advancing green hydrogen technology and desalination plants.

Expressing enthusiasm for the potential collaboration, Chief Minister Patel stated, “Green hydrogen technology and desalination plants can progress through collaboration between the UAE and Gujarat.”

This signals a strategic move towards sustainable technologies, aligning with global efforts to address environmental challenges.

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the UAE, highlighted the growing potential for UAE investors to engage with Gujarat, citing the country’s partnership in the Vibrant Gujarat Global Investor Summit since 2017.

The meeting served as a platform to explore avenues for increased investment and cooperation between the two regions.

Acknowledging Prime Minister Narendra Modi’s vision of “Ek Bharat Shreshtha Bharat,” Chief Minister Patel welcomed UAE industry investors during the summit.

The focus extended beyond ongoing projects like Gift City, Dholera Sir, and the Diamond Bourse, with substantial potential identified in sectors such as renewable energy and green hydrogen.

The Chief Minister’s proactive approach to supporting UAE industries in Gujarat garnered praise from the business delegation accompanying Minister Al Zeyoudi.

The collaborative development efforts were encouraged to facilitate shared growth and progress.

Extending hospitality, Chief Minister Patel invited the UAE Minister for an extended visit to Gujarat, emphasising potential opportunities within the state’s tourism sector.

In a reciprocal gesture, Minister Al Zeyoudi invited Chief Minister Patel to explore opportunities in the UAE.

Discussions also revolved around significant opportunities for UAE companies in key sectors such as railways, roads, ports, and shipping.

Gift City, a flagship project, took centre stage in deliberations, aiming to strengthen economic ties between the two regions.

The meeting, attended by the Chief Minister’s Additional Chief Secretary Pankaj Joshi and Additional Chief Secretary of the Industries Department SJ Haider, aimed not only at economic collaborations but also at fostering deeper bilateral relations.

It marks a significant step towards mutual progress and strengthened ties between Gujarat and the UAE. (ANI)

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Indian Rice Export

India Permits Export of 75,000 Tonnes Non-Basmati Rice to UAE

By LokMarg

India has allowed the export of non-basmati white rice to the tune of 75,000 tonnes to the UAE. Notably, the export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic food security.

The exports to UAE are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade said in its notification on late Monday evening.

While amending the export policy, DGFT maintained that the export will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on the request of their government.

Last month, India had decided to allow the export of rice to “meet the food security requirements” of Singapore.

West African country Benin is one of the major importers of non-basmati rice from India. Other destination countries are UAE, Nepal, Bangladesh, China, Cote D’ Ivoire, Togo, Senegal, Guinea, Vietnam, Djibouti, Madagascar, Cameroon Somalia, Malaysia, and Liberia.

India in September 2022 banned the exports of broken rice and imposed a 20 per cent duty on exports of non-Basmati rice, except for parboiled rice amid concerns about low production due to a fall in area under the paddy crop. It later lifted the ban in November. (ANI)

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G20 Railway Ports Connectivity

G20: US, India, Saudi Arabia, UAE, EU Set To Unveil Railway, Ports Connectivity Deal

By LokMarg

A shipping and rail transportation corridor linking countries across the Middle East, South Asia and Europe is likely to be announced on the sidelines of the ongoing G20 Summit in New Delhi, a White House official has said.

The United States, India, Saudi Arabia, the United Arab Emirates, the European Union and other G20 partners are set to explore the shipping and rail transportation corridor, which is aimed at aiding in the flow of commerce, energy and data from India across the Middle East up to Europe.

A memorandum of understanding (MoU) is expected to be announced at a meeting focused on global infrastructure on the sidelines of the G20 today according to White House Deputy National Security Advisor Jon Finer.

The leaders are meeting to discuss the global economy and supply chain challenges, among other issues facing the global community.

This agreement after it is inked could be seen as an alternate supply chain in a completely evolved post-pandemic world order.

Finer added that President Biden and Prime Minister Modi will meet with other leaders for an event focused on global infrastructure later today.

“The deal will benefit low and middle-income countries in the region, and enable a critical role for the Middle East in global commerce. We see this as having a high appeal to the countries involved, and also globally, because it is transparent because it is a high standard because it is not coercive,” Finer told mediapersons here.

Delving more on the initiative, Finer noted it was not just a railway project but more of a shipping and railway project.

“It is not just the Railway project, it is a shipping and Railway project and it is important for people to understand how expansive, ambitious and ground-breaking this will be” Finer added.

Finer termed this to-be-built project as “affirmative positive” aimed at serving the underserved.

“The way we see the infra project, it is an affirmative positive project. It has appeal for countries underserved by infra. We are not asking countries to make a zero-sum choice. We have seen other efforts that are not as ambitious, we feel good about contrast of what we provide,” White House Deputy National Security Advisor said.

The infrastructure deal is expected to connect countries in the Middle East via a network of railways. The network will also connect to India through shipping lanes from ports in the region. (ANI)

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India UAE Trade

Jaishankar Hails India-UAE Relationship As ‘Ambitious’

By LokMarg

In his address at India Global Forum in United Arab Emirates (UAE) on Monday, External Affairs Minister S Jaishankar called the relationship between India and UAE “ambitious” and said the ties are not limited really by its bilateral possibilities and can be felt the global level in the future.

“It is in many ways a very ambitious relationship because it’s not limited really by its bilateral possibilities. I’m very confident that as we get deeper into the relationship, it will also make itself felt at the global level,” Jaishankar said.

The Minister further hailed the ties between the two nations and reaffirmed that India and UAE are two countries that’ve known each other for a long time and would want to use this relationship today in a changing world.

During his address, the EAM also underscored the trade ties between India and UAE and added that UAE is today India’s 3rd largest trade partner and is also India’s 2nd largest export market.

More Indian citizens live in UAE than in any other country abroad. So whether we are talking people, or whether we are talking business, UAE has particular salience in our perspectives, Jaishankar said.

Ranking the India-UAE relationship quite highly, Jaishankar highlighted how the ties between both sides happen to have discussions on space, education, artificial intelligence, health, and startups.

“The old, traditional energy trade investments continue, but a new agenda is also coming into being,” said the EAM at India Global Forum and panel discussion on India-UAE on Monday.

Notably, India’s exports to UAE between April-September 2022 were about USD 16 billion which was an increase of 24 percent year to year while India’s imports increased 38 percent to reach USD 28.4 billion in the same time period.

Both sides have also had discussions on other areas of cooperation including energy, healthcare, defence, space, climate change, skills, fin-tech, and startups in the past. (ANI)

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Indians In Foreign Jails

Over 8,000 Indians Lodged In Foreign Jails: MEA

By LokMarg

Over 8,000 Indians are currently imprisoned in foreign jails and out of these 4,389 are lodged in Gulf countries, Union Minister of State for External Affairs V Muraleedharan said on Friday.

“As per the information available with the Ministry, the number of Indian prisoners, including under-trials, in foreign jails at present is 8441, out of which 4,389 are lodged in jails of Gulf countries (United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman),” MoS Muraleedharan said in response to a question in Lok Sabha.
While responding to a query on whether the inmates lodged in UAE jails can serve the rest of their sentence in Indian jails, MoS said that under the Agreement on Transfer of Sentenced Persons (TSP), which was signed on November 23, 2011, Indian nationals lodged in UAE prisons can be transferred to India to serve the remainder of their sentence and vice-versa.

“The transfer of a sentenced person to his country of nationality under the TSP Agreement is dependent on completion of various formalities such as prisoner’s willingness to be transferred, consent of the transferring and receiving country, availability of complete documentation necessary for processing the request, clearance from appropriate agencies, etc. Requests for requisite documents for processing the transfer of sentenced persons have been sent to the UAE side,” he added.

This comes after the case of eight former naval officers who were detained in Doha again came into the spotlight.

On December 1, MEA spokesperson Arindam Bagchi said that India is regularly responding to the case of ex-Indian Navy officers arrested in Qatar as the embassy is actively pursuing the issue.

He said that the detained Indians are in touch with family members in India.

“We’ve been responding to this regularly. Our embassy is actively pursuing the case. We understand that detained Indians are able to speak to their families in India over the telephone now, some of them have families staying in Doha,” MEA spokesperson said.

The MEA spokesperson further added that some detainees have families in Doha and are being allowed to have physical meetings on a weekly basis.

“Those families are being allowed to have physical meetings, at least on a weekly basis. We will continue to extend all possible consular assistance and seek further consular access to these people. As soon as we have some more updates, we’ll bring that to you,” Bagchi said. (ANI)

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India UAE Trade

India, UAE In Talks For Rupee-Dirham Bilateral Trade

By LokMarg

India and UAE are in talks for a Rupee-Dirham-denominated bilateral trade, said Sunjay Sudhir, Indian Ambassador to UAE, adding that both the countries will find it beneficial.

The Ambassador said the talks started on September 1, 2022. “Both countries find this beneficial. India has shared a concept paper with UAE. Central Banks of both countries are discussing. The objective is to reduce the transaction cost,” the Indian Ambassador to UAE said.

This development followed the Reserve Bank of India’s (RBI) announcement — a mechanism to settle payments for international trade in rupees, especially for India’s exports.

It is widely believed if the mechanism fructifies then it may go a long way in internationalizing the Indian currency rupee in the long run.

A currency can be termed “international” if it is widely accepted worldwide as a medium of exchange.

SBI Research, in a report in early July, said, an interesting development is taking place in the global currency market as there has been a significant jump in trade in oil and other commodities in currencies such as the Renminbi, Hong Kong Dollar, and Arab Emirates Dirham.

In the report, SBI Research said the Reserve Bank of India (RBI) should make a conscious effort to internationalise the Indian currency rupee amid disruptions in payments caused by the ongoing Russia-Ukraine war. (ANI)

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77 anniversary of Independence India Rupee

India, UAE In Talks For Rupee-Dirham Denominated Bilateral Trade

By LokMarg

India and UAE are in talks for a Rupee-Dirham-denominated bilateral trade, said Sunjay Sudhir, Indian Ambassador to UAE, adding that both the countries will find it beneficial.

The Ambassador said the talks started on September 1, 2022.
“Both countries find this beneficial. India has shared a concept paper with UAE. Central Banks of both countries are discussing. The objective is to reduce the transaction cost,” the Indian Ambassador to UAE said.

This development followed the Reserve Bank of India’s (RBI) announcement — a mechanism to settle payments for international trade in rupees, especially for India’s exports.

It is widely believed if the mechanism fructifies then it may go a long way in internationalizing the Indian currency rupee in the long run.

A currency can be termed “international” if it is widely accepted worldwide as a medium of exchange.

SBI Research, in a report in early July, said, an interesting development is taking place in the global currency market as there has been a significant jump in trade in oil and other commodities in currencies such as the Renminbi, Hong Kong Dollar, and Arab Emirates Dirham.

In the report, SBI Research said the Reserve Bank of India (RBI) should make a conscious effort to internationalise the Indian currency rupee amid disruptions in payments caused by the ongoing Russia-Ukraine war. (ANI)

Read More: http://13.232.95.176/