India, UAE ink 7 pacts but fail to seal deal on civil nuclear energy

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Old 12-Feb-2016
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India, UAE ink 7 pacts but fail to seal deal on civil nuclear energy

India and UAE on Thursday signed seven agreements spanning cyber security, infrastructure investment, renewable energy and space cooperation as Prime Minister Narendra Modi twice met the visiting Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan. The two had a tete-a-tete in the morning which was followed up later with delegation-level talks.
Two more agreements, including one on currency swap, are expected to be signed on Friday in Mumbai, said MEA spokesperson Vikas Swarup.
Official sources said Modi and Al Nahyan discussed ways to increase the annual trade volume by over 60% in the next 5 years. The two countries couldn't conclude an agreement for civil nuclear energy cooperation though. UAE had earlier said that it was looking forward to signing that agreement during the visit.
"Cooperation in the oil sector, food security, UAE's contribution to our strategic oil reserves, maritime security and terrorism as a common threat were some of the other issues discussed by the two leaders," said an official.

The crown prince also praised the role of the Indian community in the development of UAE.
"Productive interaction with HH Mohamed bin Zayed Al Nahyan. Avenues of IndiaUAE cooperation are immense," Modi later tweeted. President Pranab Mukherjee hosted a private lunch for Al Nahyan. Mukherjee said there was a desire to intensify cooperation between the two countries in a wide range of sectors political, economic, security as well as on regional and multilateral issues.

Foreign minister Sushma Swaraj had on Wednesday called on Al Nahyan. The two discussed the challenge posed by the IS and emphasised the need to work closely to defeat terrorism.
The issue of a Saudi Arabia-led alliance against IS also came up for discussion, sources said. In this regard, Swaraj also complimented UAE for supporting the Comprehensive Convention on International Terrorism (CCIT) to effectively deal with the menace globally. India has been pressing for adoption of the CCIT by the UN. The two also deliberated on the need to contain radicalism, the sources said.

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