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Modi’s UAE visit: Energy, trade, investment on agenda

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Source: Google images
Source: Google images

 New Delhi: India will seek to boost cooperation in energy, trade  and people-to-people ties during Prime Minister Narendra Modi’s August 16-17 UAE  visit during which he will seek to tap more investments into India.

Modi, who will be the first Indian prime minister to visit the United Arab Emirates  after Indira Gandhi in 1981, will reach Abu Dhabi on August 16 and go to Dubai the  next day.

Modi’s official visit is at the invitation of General Sheikh Mohamed bin Zayed Al  Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces. Terrorism will be high on the talks agenda.

On the first day, Modi will hold official talks with the leadership of Abu Dhabi and later visit Masdar City, a city project in Abu Dhabi where he is expected to spend time watching presentatios, the external affairs ministry said.

Later, he will meet business people and focus on investments.

The following day, he will first visit the Sheikh Zayed Grand Mosque in Abu Dhabi and then travel to Dubai where, after meeting Dubai’s ruler, he will attend a grand public reception hosted for him at the Dubai Cricket Grounds.

The public reception, which begins at 7.30 p.m., is expected to draw 50,000 Indian expatriates.

Ahead of the visit, Modi on Thursday said in a statement that the UAE was “a valued partner and the extent of our ties indicate the vibrant relations India and the UAE enjoy.

“India is UAE’s second largest trading partner and the UAE is India’s third largest trade partner.”

He said the over 2.5 million Indians who had made the UAE their home had “contributed immensely to the progress of the UAE and also given back to India at every occasion.

“India and the UAE are fantastically connected, be it via air or through the sea.”

He praised the economic progress made by the UAE.

Modi said during his visit, he will seek to enhance cooperation in energy and trade and talk to investors on why India is an attractive destination to invest.

“I am certain my visit will boost people-to-people ties between our nations. I specially look forward to meeting the large community of Indian workers based in the UAE.

“No words will be enough to appreciate their hard work and sweat over the last many years,” he said.

He said he will hold extensive talks with Crown Prince Sheikh Mohamed bin Zayed Al Nahyan and meet Sheikh Mohammed bin Rashid Al Maktoum, the vice president and prime minister of the UAE.

Dubai Police are coordinating with Indian authorities vis-a-vis the security arrangements for Modi’s visit.

Major General Abdulla Ali Al Ghaithi, director of the Department of Protective Security and Emergency, told the Khaleej Times that they had put in place a comprehensive security plan for the visit.

The department has formed three teams which include officers for the VIP protection unit and an emergency unit.

Meanwhile, organisers of the Indian community event have arranged 200 buses to ferry passengers from nearby metro stations.

More than 45,000 people have registered so far for the event, despite the limited seating capacity at the stadium and the oppressive heat, to hear Modi.

Members of the Indian organising committee said they were making maximum efforts to ensure that the event is held smoothly.

A focus area in the bilateral talks is likely to be the Gulf country’s estimated $800 billion sovereign wealth fund that India will seek to tap for infrastructure projects.

The Abu Dhabi Investment Authority (ADIA) sovereign wealth fund is said to be the world’s second largest sovereign wealth fund.

The India-UAE trade crossed $59 billion in 2014-15, making the country India’s third largest trading partner after China and the US.

India was the UAE’s largest non-oil trading partner in 2014.

Both countries signed a Bilateral Investment Promotion and Protection Agreement in 2013.

Indians in the UAE are the largest remitters globally, and sent $12.64 billion to their country in 2014. India is also the third largest source of tourists travelling to the UAE.

(IANS)

 

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Narendra Modi Lays Foundation Stones For Thane Metro, Mass Housing Project

Present on the occasion were Maharashtra Governor C.V. Rao and Chief Minister Devendra Fadnavis besides other dignitaries and he later departed for Pune to lay the foundation stone for a Metro project there

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Narendra Modi
Narendra Modi (Wikimedia Commons)

Virtually kicking off the BJP campaign for 2019 elections, Prime Minister Narendra Modi targeted the Congress governments for various lapses while laying foundation stones for Thane district Metro Rail and a mass housing project here on Tuesday.

In Kalyan, Modi performed the ground-breaking ceremony for the Thane-Bhiwandi-Kalyan Metro and the Dahisar-Mira-Bhayander Metro corridor projects to ease the transportation problems in these bustling towns, at an estimated cost of around Rs 33,000 crore.

Simultaneously, he also laid the foundation stone for an ambitious project to construct 90,000 homes for poor sections of society under the Pradhan Mantri Awaas Yojana (PMAY) to be completed within three years.

Speaking on the occasion, he said Mumbai and Thane are expanding and exerting huge pressures on the local resources, especially road and rail transports.

To mitigate the sufferings of the masses, many efforts have been taken up to improve the transport systems of the two cities in the past four-and-half years of the Bharatiya Janata Party (BJP) government, he said.

“India is the world’s only country where urbanisation is taking place at a fast pace. Mumbai is the centre of economic activities and will further expand in the coming time. Hence transportation is a vital link to the development of any city or the country,” Modi pointed out.

Targeting the previous Congress government, he said the first Metro project in Mumbai was taken up in 2006 and after eight years, only 11 km was started in 2014.

According to LocalCircles, each person who voted in the survey is registered with the portal with their detailed information and in many cases they shared their residential address.
PM lays stones for Thane Metro, mass housing project, IANS

“We don’t know why it was stuck. After 2014, we decided to increase the pace of laying Metro lines and the scale in the form of a Metro Net in the city. It will add 35 km within the next three years and between 2022 and 2024, Mumbai will have have around 275 km of Metro network,” Modi said.

To mark the Platinum Jubilee (75 years) of India’s Independence, he said the government is moving to ensure that every family in India has a permanent home to live.

“The goal here is to build 90,000 new homes for the poor which I am told will be ready in three years. Maharashtra will get 800,000 new houses for the weaker sections under the PMAY. Under this, we are directly crediting Rs 250,000 loan into the bank accounts, besides helping the lower and middle classes to get bank housing loans,” Modi said.

He said with the Real Estate Regulatory Authority (RERA) getting notified in most states, Maharashtra became the first to implement it, and it has resulted in huge transparency in all housing deals, which did not exist in the past 70 years.

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“Around 35,000 real estate projects across India and 27,000 real estate agents have been registered under RERA. According to a report, the speed of buying new homes has doubled in the past seven-eight months compared to the previous year,” Modi pointed out.

He reiterated that in the final four years of the previous UPA government, only 2.55 million homes were construction, but in the past four years of the present NDA government, 12.50 million houses have been constructed under the PMAY.

Present on the occasion were Maharashtra Governor C.V. Rao and Chief Minister Devendra Fadnavis besides other dignitaries and he later departed for Pune to lay the foundation stone for a Metro project there. (IANS)