UAE-India Relations
Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, concluded his official visit to India.
During the visit, he emphasized the deep-rooted historical, social, and economic ties between the UAE and India.
Meetings with Indian leaders focused on strengthening strategic cooperation across various sectors.
Including healthcare, biotechnology, renewable energy, sustainability, artificial intelligence, logistics, and agriculture.
Several strategic agreements were signed during the visit, aiming to enhance economic relations between the two friendly nations.
Business Summit
Sheikh Khalid bin Mohamed bin Zayed also attended the UAE-India Business Summit in Mumbai.
The summit explored post-Comprehensive Economic Partnership Agreement (CEPA) opportunities, innovation, and future-ready economies.
Key sectors discussed included healthcare, biotechnology, renewable energy, logistics, and agriculture.
G42’s Language Model “Nanda”
In the presence of HH Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, G42 announced its intention to launch NANDA, the latest large language model for the Hindi language consisting of 13 billion parameters, and was trained in a database of approximately 2.13 trillion linguistic units, including Hindi.
The launch of the Nanda model, inspired by one of India’s highest mountain peaks, is the result of a collaboration between Inception, a subsidiary of G42 Group, and Mohammed bin Zayed University of Artificial Intelligence, the world’s first postgraduate research university in the field of artificial intelligence, and Siribras Systems.
UAE-India Chambers of Commerce Collaboration
Notable agreements included partnerships in organic agricultural imports, virtual trade corridors, aviation services, and mining exploration.
These agreements reflect the commitment to economic growth and industrial cooperation between the UAE and India.
Abu Dhabi Chamber of Commerce and Industry signed a cooperation agreement with the Federation of Indian Chambers of Commerce and Industry (FICCI).
This cooperation agreement aims to boost private sector investment in both countries.
The agreement also expands the strategic initiative launched by Abu Dhabi Chamber, known as the “Business Gateway to the World,” aimed at expanding international trade relations.
This morning, the UAE-India Business Forum kicked off in Mumbai, organized by the Ministry of Economy and the UAE Embassy in New Delhi, in cooperation with the Ministry of Commerce and Industry in India, under the slogan “Beyond the Comprehensive Economic Partnership Agreement:… pic.twitter.com/UnlmLcdPHe
— UAE Voice (@uae_voiceeng) September 10, 2024
Infrastructure Development
Rorix Holdings, a UAE-based company specializing in natural resource extraction, signed a strategic cooperation agreement with Adani Ports and Special Economic Zone Limited (APSEZ).
This agreement is to explore investment opportunities in infrastructure development in India.
Rorix Holding also signed another agreement with India Bullion and Jewellers Association.
The agreement goal is to facilitate the commercial movement of precious metals across the borders of the two countries.
UAE-India Comprehensive Economic Partnership Agreement, which entered into force in May 2022, is the first of its kind.
It is concluded by the UAE, under the Global Economic Agreements Program, to facilitate the movement of UAE exports to Indian markets.
The agreement included the elimination or reduction of tariffs on certain goods and products.
As well as the removal of barriers to cross-border trade, to facilitate UAE companies’ access to domestic markets in India.
And also to take advantage of opportunities to invest in Indian government procurement.
