Cupboard nod for India-UAE pact on industrial cooperation

The Union Cupboard on Wednesday current a proposal for the signing a bilateral Memorandum of Idea (MoU) between India and the United Arab Emirates on cooperation within the enviornment of industries and evolved technologies.

The MoU targets to beef up the availability chain resilience of industries and cooperation in renewable & vitality efficiency, well being and existence sciences, achieve techniques, Synthetic Intelligence, and Alternate 4.0 Enabling Technologies between the 2 countries.

“The implementation of MoU could maybe consequence in enlarge in research and innovation in all areas of mutual cooperation, in particular within the areas of Renewable Vitality, Synthetic Intelligence, Alternate Enabling technologies and Properly being and Life science,” the government acknowledged in a assertion.

This could maybe consequence in snarl of these sectors, increased domestic production, enhanced exports and bargain in imports, it added.

As per the assertion, the MoU targets to beef up and make industries in both worldwide locations thru investments, expertise switch and the deployment of key technologies.

India and the UAE have signed a bilateral Entire Economic Partnership Agreement which has doable to enlarge switch between the 2 sides to $100 billion from US$ 60 billion within the next five years.

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