[ad_1]
File Photo | Prime Minister Narendra Modi (left) and UAE President Mohamed bin Zayed Al Nahyan transact using the JAYWAN card, based on India’s digital RuPay credit and debit card stack, in Abu Dhabi | PHOTO: PTI
The Union Cabinet on Wednesday approved an inter-governmental framework agreement between India and the United Arab Emirates on cooperation for the India-Middle East Europe Economic Corridor.
The aim of the inter-governmental framework agreement (IGFA) is to enhance the bilateral ties and further strengthen the relations between the two countries in ports, maritime and logistics sectors, an official statement said.
IGFA includes areas of cooperation with the objective of exploring the further potential of future joint investment and collaboration with respect to the development of the India-Middle East Europe Economic Corridor (IMEC).
The agreement contains a detailed framework for cooperation between the two countries.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Mar 13 2024 | 7:36 PM IST
[ad_2]
Source link