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Ministry of Commerce & Industry
UAE-India MoU to drive funding and collaboration in business and superior applied sciences
UAE and India to collaborate in Industry and Advanced Technology, together with Supply Chain Resilience, Clean Energy Technology, Healthcare, Space, Industry 4.0 and industrial requirements
Agreement additionally goals to speed up growth of applied sciences that may assist decarbonize business and advance renewable vitality
Posted On:
05 OCT 2023 5:53PM by PIB Delhi
The UAE and India will cooperate extra carefully in sustainable industrial growth following a memorandum of understanding (MoU) signed on Thursday at Emirates Palace. The MoU was signed by His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and His Excellency Shri Piyush Goyal, India’s Minister of Commerce and Industry, with the presence of His Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council.
Focusing on facilitating industrial investments, expertise switch and enabling the deployment of key applied sciences in industries, the MoU will profit each nations via joint industrial and technological developments. HE Al Jaber stated: “In line with the UAE leadership’s vision, we are committed to strengthening bilateral relations to enhance sustainable and economic growth. Given the UAE’s strong relationship with India across the economic, technological, and social domains, we are pleased to sign this MoU to further develop the industrial sector in line with advanced technology and sustainability standards. This aligns with the objectives of the national industrial strategy, and ‘Make it in the Emirates’ initiative, aimed at transforming the UAE into a global hub for advanced industry, especially industries of the future.”
He added: The MoU encompasses numerous features of cooperation aimed toward selling industrial investments in precedence sectors for the nationwide economies of each nations, together with superior industries, vitality transition options, healthcare, and house. It additionally goals to develop revolutionary and technological options that help sustainability and local weather neutrality efforts. By working carefully inside these strategic sectors, the UAE and India can speed up sustainable progress and diversify their economies, selling industries which can be extra aggressive, environment friendly, and sustainable.”
HE Goyal commented: “This MoU opens new doors to develop cooperation efforts and build an institutional framework in the fields of emerging technologies. It would help in promoting and developing bilateral cooperation in sectors such Space, healthcare, renewable energy, artificial intelligence, and many other vital areas.”
The MoU focuses on seven key areas, together with provide chain resilience, renewable vitality and vitality effectivity, well being and life sciences, house programs, AI, Industry 4.0 and superior applied sciences, in addition to standardization and metrology.
To construct provide chain resilience, the UAE and India will collaborate to establish alternatives to produce uncooked supplies. They may even share greatest practices on industrial enablement and incentivization for industrial progress and growth, for example in areas similar to vitality, land, CAPEX, OPEX, expertise, and labor.
In the vitality house, the UAE and India will collaborate in advancing vitality storage applied sciences, Smart Grid and IoT deployment, and R&D in renewable vitality and vitality effectivity. Similarly, in well being and life sciences, the nations will collaborate within the growth of prescribed drugs, using biotechnology, and R&D.
The UAE and India are additionally searching for to boost their respective house industries via nearer collaboration in house programs. The MoU will assist the nations to collaborate within the industrial growth, launch and use of small satellites for communication and Earth remark, in addition to house exploration. The nations may even collaborate within the growth of licensing of space-related supplies, along with R&D within the house sector.
In the sphere of AI, the UAE and India will cooperate within the deployment of AI applied sciences within the house sector, vitality, healthcare and provide chains. Both nations will work collectively to advance capabilities in machine studying and information analytics throughout precedence sectors.
Under the MoU, the UAE and India may even collaborate within the deployment of 4IR applied sciences in business, real-time information processing, the event of machine-to-machine management programs, the event of autonomous robotics, tools and automobiles, in addition to the deployment of additive manufacturing in key industries.
The remaining space of collaboration is standardization, metrology, conformity evaluation, accreditation, and Halal certification. The nations will alternate data together with procedures, tips, and lists of regulated merchandise. The nations may even cooperate to harmonize requirements with worldwide necessities and work in the direction of the mutual recognition of the conformity evaluation outcomes.
Under the MoU, cooperation contains industrial and educational collaborations in addition to collaborative analysis and growth tasks. The nations may even share greatest practices referring to science and expertise insurance policies.
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