He is in the UAE as part of a four-nation tour; a nine agreements expected to be signed
ABu Dhabi: Prime Minister Narendra Modi arrived at the Abu Dhabi Presidential Palace on Saturday evening as part of as part of a four-nation tour where he was expected to sign a number of agreements.
Five major deals will be signed in the presence of Modi very soon, diplomatic sources told Gulf News. The agreement on India’s participation in oil exploration in the UAE is the most important one, Anwar Gargash, UAE Minister of State for Foreign Affairs, told Gulf News.
During the day, various Memorandum of Understanding (MoUs) were signed at the Indian Embassy. Those included:
MoU between IIM Ahmedabad and BRS Ventures Investment Limited
An MoU was signed between Indian Institute of Management Ahmedabad (IIMA) and BRS Ventures Investment Limited to jointly establish IIMA Extension Centre in Dubai, UAE. This will be the first extension centre of IIMA outside India. The new centre shall provide leadership programmes to corporates and partner with the UAE Government for the formulation of public policy. BRS Ventures will provide local support including infrastructure, industry links and logistics, and IIMA will provide the academic and training expertise. The MoU was signed by Prof. Errol D’Souza, Director, IIMA from India, and Dr. B R Shetty, Chairman, BRS Ventures Investment Limited, UAE.
MoU between Manipal Global Education Services Private Limited, India and BRS Ventures Investment Limited
The MoU was signed between Manipal Global Education Services Private Limited, India and BRS Ventures Investment Limited for the setting up of Dubai Manipal Medical College (DMCC) in the UAE. Both the institutions will enter into a joint venture to develop a detailed plan regarding the management structure of DMMC including its academic and operational policies and procedures, financial operations, admissions process, ownership and use of intellectual property. The MoU was signed by Dr Ranjan Pai, Director, Manipal Education Private Limited, from India, and Dr Shetty.
Agreement between CropData Technology Private Ltd (CDT), India and Dubai Multi Commodities Centre (DMCC), UAE
India-based CropData Technology Private Ltd (CDT) signed an agreement with Dubai Multi Commodities Centre (DMCC) to jointly develop a pan-India online agricultural trading marketplace. It is envisaged that the online platform will network 500 logistics hubs within India to ensure seamless physical delivery of agricultural produce, immensely helping farmers getting better price for their produce. DMCC shall design and develop the platform and act as a gateway for Indian Exports to Middle East region, thus enhancing the bilateral trade between India and UAE. The MoU will be signed by Mr Sachin Suri, MD, CDT from India, and Mr Gautam Sashittal, CEO-DMCC from UAE.