Indian cabinet approves memorandum of understanding between India and UAE on cooperation in the field of industries and advanced technologies
The Indian Union Cabinet endorsed a proposal to sign a bilateral memorandum of understanding (MoU) between India and the United Arab Emirates (UAE) to cooperate in the field of industries and advanced technologies. Both governments will collaborate to bolster the supply chain resilience of industries, artificial intelligence (AI), renewable and energy efficiency, and space systems through investments, technology transfer, and the deployment of key technologies. This, in turn, is expected to generate employment across the economy and increase in research and innovation in all areas of mutual cooperation. It may further lead to the growth of these sectors, increased domestic production, enhanced exports, and a reduction in imports.