Modi's second state visit to UAE begins

Agencies
February 10, 2018

Abu Dhabi, Feb 10: Today will mark a watershed moment for the UAE-India relations with Indian Prime Minister Narendra Modi arriving in Abu Dhabi for his second state visit.

The two countries are expected to sign as many as 14 agreements during the two-day visit starting February 10, shifting gears of the strategic partnership in a gamut of areas including space technology, skills development, finance and defence cooperation and investments.

Modi's two-day visit on February 10 and 11 will also see work starting on the construction of the first Hindu temple in Abu Dhabi, fulfilling the long-pending wish of the Hindu community in the Capital.

Modi first visited the UAE in August 2015 becoming the first Indian Prime Minister to visit the emirates in 34 years after Indira Gandhi.

Modi will arrive in Abu Dhabi today evening from Palestine. He will meet His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and will attend a state banquet.

On Sunday morning, Modi will visit Wahat Al Karama (Martyrs' Memorial) and pay tribute to the martyred war heroes of the UAE. He will then proceed to Dubai where he will deliver a keynote address at the 6th World Government Summit, in which India is the chief guest country.

Modi will also address a 1,800-strong gathering of the Indian community at the Dubai Opera, which is expected to be a scaled down version of his public address in 2015. More than 50,000 Indians had thronged the International Cricket Stadium in Dubai to listen to their Prime Minister on his first visit.

The Opera event is significant as Modi will flag off the laying of the foundation stone of the first Hindu temple in Abu Dhabi, which will happen simultaneously and will be live-streamed into the iconic Dubai Opera auditorium.

Indian Ambassador to the UAE Navdeep Singh Suri said the latest visit by the Indian PM will mark the dawn of a new era in the India-UAE relations.

"During the year, we have seen major UAE investments into India, a significant increase in defence and security cooperation, a transformation in our energy ties from a buyer-seller relationship to a strategic partnership."

New trajectory in UAE-India ties

Since Modi's first visit, the trajectory of the India-UAE ties have hit a renewed pace with two countries forging a new era of cooperation through the signing of a comprehensive strategic partnership agreement.

During Modi's tenure, Sheikh Mohamed bin Zayed Al Nahyan visited India twice - in February 2016 and January 2017.

The two governments signed 17 bilateral agreements in January 2016, and 14 agreements in February 2017. 

The UAE targets to invest $75 billion in India's infrastructure development. UAE's investments in India is also soaring. In October last year, the Abu Dhabi Investment Authority (Adia) signed an agreement with India's National Investment and Infrastructure Fund to invest $1 billion in India. DP World has signed a Memorandum of Understanding (MoU) with India's National Infrastructure and Investment Fund (NIIF) in May 2017 to invest $1 billion in India.

The UAE is home to more than 3.5 million Indians - the biggest Indian diaspora in the world, and 1,706 flights weekly operate between the two countries.

Comments

An Indian
 - 
Saturday, 10 Feb 2018

Before commencing construction work of Hindu Temple in Abu Dhabi, the UAE government must have put condition to Modi to solve the Babri Masjid issue.

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News Network
May 9,2020

May 9: Union Home Minister Amit Shah has said the West Bengal government is not allowing trains with migrant workers to reach the state that may further create hardship for the labourers.

In a letter to West Bengal Chief Minister Mamata Banerjee, Shah said not allowing trains to reach West Bengal is "injustice" to the migrant workers from the state.

Referring to the 'Shramik Special' trains being run by the central government to facilitate transport of migrant workers from different parts of the country to various destinations, the home minister said in the letter that the Centre has facilitated more than two lakh migrants workers to reach home.

Shah said migrant workers from West Bengal are also eager to reach home and the central government is also facilitating the train services.

"But we are not getting expected support from the West Bengal. The state government of West Bengal is not allowing the trains reaching to West Bengal. This is injustice with West Bengal migrant labourers. This will create further hardship for them," Shah wrote.

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News Network
January 10,2020

Mumbai, Jan 10: India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday.

India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017, but its domestic production is expected to rise only marginally, making the country more reliant on crude imports and more vulnerable to supply disruption in the Middle East, the agency said.

China’s demand growth is likely to be slightly lower than that of India by the mid-2020s, as per IEA’s China estimates given in November, but the gap would slowly become bigger thereafter.

“Indian economy is and will become even more exposed to risks of supply disruptions, geopolitical uncertainties and the volatility of oil prices,” the IEA said in a report on India’s energy policies.

Brent crude prices topped USD 70 a barrel on rising geopolitical tensions in the Middle East, putting pressure on emerging markets such as India. Like the rest of Asia, India is highly dependent on Middle East oil supplies with Iraq being its largest crude supplier.

India, which ranks No 3 in terms of global oil consumption after China and the United States, ships in over 80 per cent of its oil needs, of which 65 per cent is from the Middle East through the Strait of Hormuz, the IEA said.

The IEA, which coordinates release of strategic petroleum reserves (SPR) among developed countries in times of emergency, said it is important for India to expand its reserves.

REFINERY INVESTMENTS

India is the world’s fourth largest oil refiner and a net exporter of refined fuel, mainly gasoline and diesel.

India has drawn plans to lift its refining capacity to about 8 million bpd by 2025 from the current about 5 million bpd.

The IEA, however, forecasts India’s refining capacity to rise to 5.7 million bpd by 2024.

This would make “India a very attractive market for refinery investment,” IEA said.

Drawn to India’s higher fuel demand potential, global oil majors like Saudi Aramco, BP, Abu Dhabi National Oil Co and Total are looking at investing in India’s oil sector.

Saudi Aramco and ADNOC aim to own a 50 per cent stake in a planned 1.2-million bpd refinery in western Maharashtra state, for which land is yet to be acquired.

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News Network
March 5,2020

Bharuch, Mar 5: Vijay Kumar, a resident of the Tamil Nadu has sought help from his friend Abdulkhuda Mohd Hanif Shaikh who is residing in Gujarat to build a temple in his village.

Abdulkhuda Mohd Hanif Shaikh, who also belongs to Tamil Nadu's Paraipatti village and has been residing in Gujarat' Bharuch for a decade has collected Rs 3 lakh from his friends as a donation to build the temple in Paraipatti village in Dindigul district.

"They'd told me 4 months ago and came to me 10 days back. From Vapi to Mehsana, there are several Madrasis, even here in the village too. I personally went to them and collected around Rs 3 Lakh," Shaikh said.

Vijay Kumar said that he stayed in Gujarat for ten days and collected Rs 3 Lakh with him.

"I had sought help from him. I stayed here in Gujarat for 10 days, and went with him from people to people and collected Rs 3 Lakh. No one lives like Hindus or Muslims in our village, everyone lives like friends," he said.

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