UAE-India industrial deal identifies 7 key areas to work together

UAE-India industrial deal identifies 7 key areas to work together

The UAE and India will cooperate in seven vital areas to achieve sustainable industrial development, besides focusing on facilitating industrial investments, technology transfer and deploying key technologies in industries.

The seven key areas are supply chain resilience, renewable energy and energy efficiency, health and life sciences, space systems, AI, Industry 4.0 and advanced technologies, as well as standardisation and metrology.

For this, the two countries signed a memorandum of understanding (MoU) which will benefit both the countries through joint industrial and technological developments.

The MoU was signed in the presence of Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council. It was signed by Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Piyush Goyal, India’s Minister of Commerce and Industry.

High Level Joint Task Force

The MoU signing is in line with the UAE-India Comprehensive Economic Partnership Agreement (CEPA), aimed at enhancing the country's position as a gateway for trade and logistics. The agreement was signed during the 11th meeting of the UAE-India High Level Joint Task Force on Investments.

Dr Al Jaber said: “In line with the UAE leadership’s vision, we are committed to strengthening bilateral relations to enhance sustainable and economic growth. Given the UAE’s strong