Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
India-UAE ties transcend to multilateral level in 2023
The Business Guardian
|December 31, 2023
The already strong India-UAE ties transcended to a truly multilateral level in 2023 with the announcement of the strategically important India-Middle East Economic Corridor and the expansion of the BRICS grouping to include the key Gulf nation.
-
The bilateral ties have witnessed qualitative and quantitative progress with Prime Minister Narendra Modi giving top priority to enhance India’s relations with the UAE and its top leadership.
The BRICS summit in August, during which the UAE joined the group, and the announcement of
the India-Middle East Economic Corridor (IMEEC) in New Delhi during the G20 summit in September were the highlights of the level of cooperation.
The new member nations will become part of BRICS (BrazilRussia-India-China-South Africa) with effect from January 1, 2024. The inclusion represents
a strategic step for the UAE and consolidates its global economic and diplomatic engagements.
The proposed IMEEC will comprise an eastern corridor connecting India to the Gulf region and a northern corridor connecting the Gulf region to Europe.
India will be linked to Europe by a railway line and existing ports through UAE, Saudi Arabia, Jordan, and Israel.
Throughout 2023, the IndiaUAE relationship saw significant advancements, especially in trade, defence, and multilateral cooperation.
The India-UAE Comprehensive Economic Partnership Agreement (CEPA), implemented on
May 1, 2022, significantly impacted bilateral trade.
In the fiscal year 2022-23, trade between the two countries reached a historic high of around USD 84.5 billion, marking a yearon-year increase of 16 per cent.
Indian exports to the UAE also recorded remarkable growth, reaching USD 31.6 billion, a 12 per cent increase from the previous year. The agreement eliminated duties on many tariff lines and covered many sectors, benefiting industries like oil seeds, beverages, textiles, and pharmaceuticals.
Prime Minister Narendra Modi's visit to the UAE in July 2023 marked his fifth visit to the country since being elected.
Esta historia es de la edición December 31, 2023 de The Business Guardian.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The Business Guardian
The Business Guardian
GST cuts boost consumer demand on Navratri Day 1
GST 2.0 appears to have delivered instant relief and sparked consumer joy from the very first day, reducing household expenses, reviving demand across industries, and igniting the festive season with record-breaking sales.From cars and electronics to groceries and fashion, every sector felt the surge. It was sort of a festival of savings, a boost to demand, and the real Diwali gift to the people of India.
2 mins
September 24, 2025
The Business Guardian
Crompton launches DURA series submersible pumps
When it comes to water supply, consumers look for solutions they can trust - especially for high-value, long-term investments like submersible pumps.
2 mins
September 24, 2025
The Business Guardian
Oil India Chief pushes Global asset buys for Mineral Security
Ranjit Rath, Chairman and Managing Director of Oil India Limited (OIL) and the current Hydrocarbon Chair of CII, has emphasised the strategic importance of overseas asset acquisition in the critical minerals space, underlining its role in India's energy security and green transition goals.
1 min
September 24, 2025
The Business Guardian
Power equipment stocks rise on Nvidia's Data Center Plan
The stocks of power equipment makers rose Tuesday morning following Nvidia Corp.'s announcement of a massive investment plan for data centers, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.
1 min
September 24, 2025
The Business Guardian
SCHOOLING WOMEN: LESSONS AT HOME, VOICES OUTSIDE — EDUCATION’S RISE FROM ZENANA T0 ASSEMBLY
Not a one-way crossing but a two-way circulation: household skills—thrift, hygiene, record-keeping—scaled into public reform, while exams and magazines brought civic habits back home. The “good wife” became budget-maker and petition-signer; the school learned the idioms of cleanliness and care. Separate spheres, in practice, taught each other.
10 mins
September 24, 2025
The Business Guardian
Nitish launches projects worth Rs 1,826 cr in Bihar’s East, West Champaran districts
Bihar Chief Minister Nitish Kumar on Tuesday launched projects worth more than Rs 1,826 crore in Westand East Champaran districts.
1 min
September 24, 2025
The Business Guardian
CM Gupta flags Off Delhi-Baraut inter-state AC electric bus service
Delhi Chief Minister Rekha Gupta on Tuesday flagged off the fully-electric Delhi-Baraut Inter-State AC Bus Service from Maharana Pratap ISBT, signaling the revival of Delhi’ interstate bus services after a gap of nearly 18 years.
1 mins
September 24, 2025
The Business Guardian
TAMIL NADU PLANS SOUTH ASIAN RENEWABLE ENERGY CORRIDOR: MINISTER
Tamil Nadu has unveiled plans to position itself as the hub of a South Asian Renewable Energy Corridor, driving regional clean energy collaboration and expansion.
2 mins
September 24, 2025
The Business Guardian
Heavy rains batter Maha, NDRF rescues over 300 people in Marathwada districts
‘The Continuous heavy rainfall across several districts of Maharashtra has led to a flood-like situation, prompting the deployment of the National Disaster Response Force (NDRF) in Beed, Dharashiv, and Solapur districts.
1 min
September 24, 2025
The Business Guardian
Rahul Gandhi urges PM to announce Punjab Flood relief package
Congress leader Rahul Gandhi on Monday again urged Prime Minister Narendra Modi to immediately announce a comprehensive relief package for Punjab following devastation caused by floods in the state.The Congress leader, who had written a letter to PM Modi earlier, said Punjab has suffered losses of “nearly Rs 20,000 crore” due to the floods, and the initial relief package of Rs 1600 crore announced by PM Modi is an “injustice” to the people of Punjab.”
1 min
September 24, 2025
Translate
Change font size