India-UAE ties: A roadmap for deeper cooperation

  • In a departure from protocol, Prime Minister Narendra Modi received Abu Dhabi’s Crown Prince Sheikh Mohamed bin Zayed Al Nahyan at the airport as he arrived in New Delhi for a three-day state visitIndia UAE
  • Hours after his arrival, Al Nahyan expressed his keenness to the strengthen strategic relationship between the two countries.
  • The Crown Prince, who is an influential leader in the UAE and is also the country’s Deputy Supreme Commander of the armed forces, had received PM Modi at the Abu Dhabi airport, along with his five brothers, during the PM’s visit last August
  • Hours before the Crown Prince’s arrival, India also announced its willingness to extend help to the UAE to achieve its Mars Mission in 2025.
  • Al Nahyan is accompanied by three of his brothers, one of whom is the Interior Minister
  • The delegation also includes several top ministers and over 100 business tycoons, along with CEOs of top companies
  • During the dialogue, the two sides are touch upon sectors from security to space, defence to nuclear energy. Over a dozen pacts are also expected to be signed
  • UAE has deported about a dozen Indians with suspected links to the terror group.
  • Officials said that joint production of defence equipment is another focus area, and under this initiative, UAE may make investments for manufacturing in India.

India to store oil for UAE

  • The United Arab Emirates’ national oil company – Abu Dhabi National Oil Company (ADNOC) – has in the first deal of its kind agreed to store crude oil in India’s maiden strategic storage and give two-third of the commodity to it for free.
  • India, which is 79 per cent dependent on imports to meet its crude oil needs, is building underground storage facilities at Visakhapatnam in Andhra Pradesh, and Mangalore and Padur in Karnataka to store about 5.33 million tonnes of crude oil to guard against global price shocks and supply disruptions.
  • Adnoc is keen on taking half of the 1.5 million tonnes Mangalore facility
  • It will stock 0.75 million tonnes or 6 million barrels of oil in one compartment of Mangalore facility. Of this, 0.5 million tonnes will belong to India and it can use it in emergencies. Adnoc will use the facility as a warehouse for trading its oil.
  • The 1.33 million tonnes Visakhapatnam storage and 2.5 million tonnes Padur stockpile together with the 1.5 million tonnes Mangalore storage will be enough to meet nation’s oil requirement of about 10 days.
Related Posts
Karnataka flays Goa’s move to evict Lambani tribes from beaches
The Karnataka government on 7th April flayed the Goa tourism department's decision to evict Lambanis, a Kannada-speaking nomadic tribe, from the beaches, terming it "anti-democratic" and an "attack on the ...
FAME – India is an abbreviation for Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India Government of India approved the National Mission on Electric Mobility in 2011 and subsequently ...
 As per Agriculture Census 2010-11, Total number of operational holdings were estimated as 138.35 million. The total operated area was 159.59 million hectare. The average size of the holding has been estimated as ...
Department allows farmers in Ramanagara district to kill wild boars
The state forest department has issued a notification allowing culling of wild boars in Ramanagara distric, by declaring them vermin. The notification issued by the Ramanagara forest office which has legalized the ...
Karnataka: Boeing in talks with govt to set up manufacturing facility
In a development that gives a big boost to the aviation industry in Karnataka, aerospace major Boeing is holding talks with the state government on setting up a new aircraft ...
Karnataka: Kambala buffaloes may get breed status
The State government, which made an earlier attempt to secure the breed status in 2016, is expected to make another pitch before the National Bureau of Animal Genetics (NBAG)-Karnal seeking ...
Introduction Wind power is the conversion of wind energy into a useful form of energy Wind Energy is generated by harnessing the kinetic energy of atmospheric air Wind turbines work by transforming the ...
Urban Development: Structure Plan & BBMP
The BMRDA had prepared the Structure Plan in 1998 based on the availability and future prospects in respect of the natural resources and infrastructure and the trend of urbanization in the region. The Structure Plan was ...
Health Scheme: Patients have to visit govt hospitals first
One cannot directly go to a private hospital for treatment under a government health scheme. First need to visit a government hospital &only when doctors refer to private hospitals owing to ...
Karnataka flays Goa’s move to evict Lambani tribes
FAME – India
Highlights of Agriculture Census 2010-11
Department allows farmers in Ramanagara district to kill
How is the Union Budget Prepared?
Karnataka: Boeing in talks with govt to set
Karnataka: Kambala buffaloes may get breed status
Urban Development: Structure Plan & BBMP
Health Scheme: Patients have to visit govt hospitals