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Background of India
It is the Seventh largest country by area
Background of U.A.E
7 Emirates :- Abu-Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, Umm Al Qaiwain (1972) Population :- 7.891 millions Capital :- Abu Dhabi GDP growth Rate :- 3.5 % GDP :-US $360.25 trillion HDI :- Rank 30th/ 187
Currency is Dirham
Manufacturing based economy It ranked as a worlds seventh largest oil reserve
Introduction
Bilateral trade relations
The discovery of oil allowed the UAE to increase and diversify its trade relations with India
UAE is home to more than 1.75 million Indian, expatriates making Indians the second largest ethnic group in the Arab nation. In 2008-09, India emerged as the largest trade partner of the UAE with bilateral trade between the two countries exceeding US$44.5 billion During the first half of 2010, non-oil trade between India and the UAE stood at US$20.4 billion
A large portion of Indias exports to the UAE is transshipped from Dubai to other countries
Marine products
Machinery and instruments
2009-10
Pulp and Paper Waste Sulphur and unroasted iron pyrites. Metal Scrap Organic and inorganic chemicals
2007-08
JOINT VENTURES
This joint venture with Rani International, the real estate development subsidiary of the Saudi-based Aujan Group, will consist of a 249-key luxury hotel operated by The Oberoi Group
DLF and Nakheel, signed a 50:50 joint venture for two integrated townships spread across 40000 acres in India
Prominent India companies such as L&T, Punj Lloyd Hinduja Group, Pioneer Cement, Oberoi Group of Hotels
Defense relations
An Agreement on Joint Defense Cooperation was signed by the two sides during June 2003. There was agreement that the 'Strategic Dialogue' would be held annually. India has been training U.A.E. defense personnel in various disciplines at its specialized institutions At the first JDCC Meeting in April 2006, both sides agreed to support defense exhibitions in each country by deputing its platforms and personnel. As a follow up of the meeting of the JDCC in April 2006 several steps were taken Enhance participation in training programmes Exchange of visits by service Chiefs Visits of Naval Ships and Coast Guard Cooperation in defense production industries
FUTURE
Recent visit : The president of India visited U.A.E. from 21st to 25th November 2010 Agreement on security cooperation, counter-terrorism and maritime security Specific proposals focusing on education, science and technology and regional security An important area of cooperation, food security U.A.E. to invest in projects for enhancing agricultural production in India, especially in the area of food processing India-U.A.E. relations have been traditionally warm and friendly and based on continuity, trust and confidence without any irritants. This is likely to continue
FUTURE
Labor welfare U.A.E. to participate in activities in the petroleum sector to strengthen India's energy security, as well as in the infrastructure sector, including in the Railways. Simultaneously, the U.A.E. assured India that it would back New Delhi's efforts for a permanent seat in the United Nations Security Council.
ARTICLES