India and UAE Sign MoU to Boost Industries and Technology

ABU DHABI: India and the United Arab Emirates (UAE) during the 11th high-level task force on investments, signed an MoU to strengthen and develop industries, with special emphasis on technology transfer, artificial intelligence, and space technology, and while adhering the applicable laws of both the countries.

Union Commerce Minister Piyush Goyal attended the meeting in Abu Dhabi, UAE along with his delegation.

Piyush Goyal also met with Sheikh Hamed Bin Zayed Al Nahyan, Managing Director of Abu Dhabi Investment Authority.

“This Memorandum of Understanding (hereinafter referred to as “MoU”) aims at strengthening and developing industries in both nations through investments, technology transfer, and the deployment of key technologies in industries, by benefiting from joint funds and the mutual efforts in developing various technologies. The MoU aims to build institutional, and corporate capabilities, skills, and other areas of cooperation that are to be discussed and agreed upon hereinafter. This MoU will be implemented in accordance with the applicable laws of countries of both Parties and their respective international obligations,” the joint statement by India and UAE read. (ANI

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