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President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi in the present day witnessed the change of three Memoranda of Understanding (MoUs) aimed toward catalysing additional collaboration and partnerships between the 2 international locations.
The change of MoUs got here throughout Prime Minister Modi’s official go to to the UAE, throughout which the 2 leaders mentioned methods to proceed the momentum of rising UAE-India ties following the signing final 12 months of their Complete Financial Partnership Settlement (CEPA).
Key among the many MoUs exchanged in the present day is an settlement on industrial change in native currencies (dirham / rupee), which guarantees to additional encourage bilateral commerce by decreasing prices related to the change of forex. The settlement was exchanged between Khaled Mohamed Balama, Governor of the Central Financial institution of the UAE, and Shaktikanta Das, Governor of the Reserve Financial institution of India.
A second MoU was exchanged between the Central Financial institution of the UAE and the Reserve Financial institution of India, coping with cooperation relating to the hyperlinks of fast fee programs, playing cards and messaging programs. This too was exchanged between Khaled Mohamed Balama and Shaktikanta Das.
The third MoU was exchanged between the Abu Dhabi Division of Training and Data, the Indian Ministry of Training, and the Indian Institute of Expertise (IIT) – Delhi. This settlement pertains to the institution of IIT Delhi – Abu Dhabi, and represents the 2 nations’ shared will to speed up the event of their folks. The MoU was exchanged between Sarah Al Musallam, Minister of State for Early Training; Sunjay Sudhir, Ambassador of India to the UAE, representing the Indian Ministry of Training; and Professor Ranjan Banarjee, Director, Indian Institute of Expertise – Delhi.
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