India, UAE set to ink civil nuclear & 15 other pacts during Crown Prince's visit

[Kshatriya87]

http://economictimes.indiatimes.com...-crown-princes-visit/articleshow/50909241.cms

NEW DELHI: United Arab Emirates leader and Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan is set to arrive in India on Wednesday along with seven ministers on a visit that is expected to witness signing of a landmark civil nuclear cooperation pact among agreements across sectors, including a deal on security and information sharing to combat terrorists.

The nuclear cooperation agreement will be India's first such pact with any West Asian nation. The UAE has civil nuclear pacts with France and South Korea, both of which have nuclear cooperation agreements with India as well. On his maiden visit to India in official capacity, Zayed Al Nahyan, chief architect of the UAE's counter-terror partnerships including that with India, also hopes to push bilateral trade and investments.

"India and the UAE hope to sign 16 pacts during the visit of Abu Dabhi crown prince. These include a pact on civil nuclear cooperation involving power stations and setting up research and development centres," the UAE's envoy to India Ahmed AR Albanna told mediapersons, referring to the upcoming visit of the crown prince within six months of Prime Minister Narendra Modi's trip to the Gulf nation.

The UAE leader is scheduled to visit the country for three days, but he may extend the trip to attend the first day of the 'Make in India Week' in Mumbai on Saturday where business leaders from his country participants. On Friday, a business delegation of about a hundred people is expected to participate in the India-UAE economic symposium in Mumbai.

The other 15 pacts will cover security cooperation and information sharing in the light of bilateral counter-terror partnership; industrial cooperation, aerospace, finance, re newable energy, IT, cyber security and investments among other areas.

Albanna said that the joint statement that will be released after the Modi-Al Nahyan meeting will deal with details on the counter-terror partnership. "This visit in many ways will reinforce the vision that was put in place by Modi's visit to the UAE last August and will uplift ties to strategic cooperation and strategic coordination on all regional issues and other major global issues," he said.

The UAE has deported a number of ISI-backed terror operatives and Islamic State (IS) radicalised youth to Delhi. Its leader's visit comes in the backdrop of the UAE handing over three Indian IS sympathisers to India last month, taking the total number of radicalised youth deported by the country since last year to a dozen. The UAE has also set up two centres with the radical and extremist groups and individuals. The country had come out in India's support within hours of the Pathankot attack and even suggested that the terror strike should be investigated, in what was seen as an indirect reference to Pakistan.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[warrior monk]

I think India is going to train them in operating a fuel cycle though parts of it will not be revealed which have military dimensions to it.

 

[Kshatriya87]

I think India is going to train them in operating a fuel cycle though parts of it will not be revealed which have military dimensions to it.

Good to see getting good relations with middle east. If we take them away from porkis, they won't have anywhere to run except china.

 

[SADAKHUSH]

http://economictimes.indiatimes.com...-crown-princes-visit/articleshow/50909241.cms

NEW DELHI: United Arab Emirates leader and Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan is set to arrive in India on Wednesday along with seven ministers on a visit that is expected to witness signing of a landmark civil nuclear cooperation pact among agreements across sectors, including a deal on security and information sharing to combat terrorists.

The nuclear cooperation agreement will be India's first such pact with any West Asian nation. The UAE has civil nuclear pacts with France and South Korea, both of which have nuclear cooperation agreements with India as well. On his maiden visit to India in official capacity, Zayed Al Nahyan, chief architect of the UAE's counter-terror partnerships including that with India, also hopes to push bilateral trade and investments.

"India and the UAE hope to sign 16 pacts during the visit of Abu Dabhi crown prince. These include a pact on civil nuclear cooperation involving power stations and setting up research and development centres," the UAE's envoy to India Ahmed AR Albanna told mediapersons, referring to the upcoming visit of the crown prince within six months of Prime Minister Narendra Modi's trip to the Gulf nation.

The UAE leader is scheduled to visit the country for three days, but he may extend the trip to attend the first day of the 'Make in India Week' in Mumbai on Saturday where business leaders from his country participants. On Friday, a business delegation of about a hundred people is expected to participate in the India-UAE economic symposium in Mumbai.

The other 15 pacts will cover security cooperation and information sharing in the light of bilateral counter-terror partnership; industrial cooperation, aerospace, finance, re newable energy, IT, cyber security and investments among other areas.

Albanna said that the joint statement that will be released after the Modi-Al Nahyan meeting will deal with details on the counter-terror partnership. "This visit in many ways will reinforce the vision that was put in place by Modi's visit to the UAE last August and will uplift ties to strategic cooperation and strategic coordination on all regional issues and other major global issues," he said.

The UAE has deported a number of ISI-backed terror operatives and Islamic State (IS) radicalised youth to Delhi. Its leader's visit comes in the backdrop of the UAE handing over three Indian IS sympathisers to India last month, taking the total number of radicalised youth deported by the country since last year to a dozen. The UAE has also set up two centres with the radical and extremist groups and individuals. The country had come out in India's support within hours of the Pathankot attack and even suggested that the terror strike should be investigated, in what was seen as an indirect reference to Pakistan.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

Now the drama of Pakistan's media will start and many analysts can be assured of income to bash India and U.A.E.

 

[warrior monk]

Good to see getting good relations with middle east. If we take them away from porkis, they won't have anywhere to run except china.

No , we cannot take them away from Pakis because they share the religion Islam, The gulf states are having billions of dollars in US treasury securities which yields not much interest it is better for them to invest so they are investing in India.
Investing in Paki land is like burning your money its better to roll up a joint of US treasury bills and smoke it then invest in Pork land. Look what is happening with PIA , PIA was supposed to be privatized according to IMF terms

 

[Kshatriya87]

No , we cannot take them away from Pakis because they share the religion Islam, The gulf states are having billions of dollars in US treasury securities which yields not much interest it is better for them to invest so they are investing in India.
Investing in Paki land is like burning your money its better to roll up a joint of US treasury bills and smoke it then invest in Pork land. Look what is happening with PIA , PIA was supposed to be privatized according to IMF terms

I didn't mean literally. UAE knows who is beneficial for them in the long run when it comes to trade, manpower assistance, oil etc. They cannot hope to gain much from pak. Of course in case of a war, they might morally support pakis. That shouldn't bother us.

 

[Kshatriya87]

UAE's Adnoc to store crude in India's strategic facility; to give two-third of oil for free

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Kshatriya87]

Infrastructure development will get a boost

From an earlier target of developing 96,000 kms of highways in the country, India now plans to build 200,000 kms of highways. That is an ambitious target which will require large amount of long term capital. This is an area that is of interest to the UAE as they have large funds that are looking to be deployed in long term but stable economies, and India offers a very good long term option.

Similarly, Indian Railways is looking at over $25 billion to modernize the rail infrastructure and UAE could well emerge as a major financial partner for India in funding this modernization.

India is in the process of kick starting the world’s largest urban renewal plan with over 100 Smart Cities being planned. This is another area that will require large infusion of capital and is another area of interest for UAE investment.

India, too has a critical role to play in developing UAE’s infrastructure, trade and industry, as UAE seeks to transition itself into a modern hub for sustainable living, accompanied by state-of-the-art infrastructure to support all business activity and services. India with its developing industrial base and large pool of trained but relatively low cost manpower, fits into UAE’s future plans well.

The forthcoming bilateral business-to-business meet in Mumbai on 12 February is likely to boost bilateral cooperation across several sectors. This is one win-win relationship that’s needs to be strengthened further.

 

[Kshatriya87]

Security cooperation – a critical focus area

With rising influence of ISIS and its related violence in the Middle East, UAE is concerned about its growing influence and is seeking to increase cooperation with countries that can play a part in ensuring that stability. India, with its large expatriate community in the UAE can influence the stability to an extent, besides offering military training and equipment.

For India, strengthening security cooperation and information sharing with UAE is critical, since crime and terror had both found a haven in the UAE, especially Dubai, which had emerged as a financial transit point for a lot of illegal activity.

However, with the UAE now cracking down on all such activities, criminals are now finding UAE a hostile nation. In the last year alone, UAE has deported to India over a dozen persons linked either to terror or criminal networks, and further strengthening of security cooperation will only benefit both countries.

 

[Kshatriya87]

The highlight of the tour will be the historic signing of the India-UAE Civil Nuclear deal that will see India offer assistance in operating and maintenance of nuclear plants, besides conducting joint research in the civil nuclear space. UAE has similar agreements in place with US, Russia, France, UK, Japan and South Korea. For India, this will be a first such deal on nuclear cooperation signed with any West Asian country.

The agreement will be signed between the two countries when the Crown Prince and his delegation holds a bilateral meeting with the Indian delegation led by PM Modi on 11 February. The Crown Prince will also be meeting President Pranab Mukherjee where he will be greeted with the ceremonial welcome reserved for Heads of State.

 

[Kshatriya87]

Although a Bilateral Investments Protection Agreement (BIPA) had been signed between the two nations over three years back, it has not really resulted in significant flow of investments into India. Bilateral trade between the two nations which had touched $75 billion in 2012-13, actually saw a decline to $59.54 billion during 2013-14. As on August 2015, investment flow from UAE was just $8 billion, which included $3 billion in FDI and around $5 billion in FII.

However, it was PM Modi’s visit to the UAE last August that rejuvenated the relationship and saw UAE committing to invest $75 billion for infrastructure development in India, spread across sectors. And therefore, this trip is seen as significant not just for investment but for overall strengthening of bilateral relationship.

 

[aliyah]

uae wants to build oil storage in india ,of which ⅔ oil india can use free

 

[Kshatriya87]

uae wants to build oil storage in india ,of which ⅔ oil india can use free

Yes, I've posted that link above.

 

[Compersion]

if uae willing to do that it shows that the oil market is over supplied and there are sellers looking at their inventory.

also uae is looking now beyond oil and knowing its demographic and strategic interest lie with india.

i am not sure about the economics of the deal because i am reading things like tax and even rental charges but from the face of this it looks like a win-win for india and uae (for its time after oil dreams)

 

[Gessler]

...and we'll be launching their 2020 Mars mission.

http://www.deccanherald.com/content/528169/uae-isro-ink-deal-launching.html

 

[SADAKHUSH]

The above interview is of UAE's Minister of State for Foreign Affairs. A must watch for Pakistan's leadership as well.

No , we cannot take them away from Pakis because they share the religion Islam, The gulf states are having billions of dollars in US treasury securities which yields not much interest it is better for them to invest so they are investing in India.
Investing in Paki land is like burning your money its better to roll up a joint of US treasury bills and smoke it then invest in Pork land. Look what is happening with PIA , PIA was supposed to be privatized according to IMF terms

The interview answers tour first line of your post. Arab and GCC countries are have lot to learn from our Bhartiya civilization when it comes down to people of different faiths living together.

 

[Gessler]

The interview answers tour first line of your post. Arab and GCC countries are have lot to learn from our Bhartiya civilization when it comes down to people of different faiths living together.

Frankly I do not care what happens to GCC...after the collapse of oil, their economies will tumble one after the other. In a way, there have now come to India with a begging bowl.

We only need to milk whatever we can from them, and give them what they want - which isn't much, really. So far all deals on the anvil are a win-win for India. We'll be getting huge funds, oil, development contracts etc.

Matter of fact is the Arab mindset is pre-set to define people into two groups, those they can control and those they can't. We are in the latter group and that gives us the ability to strike deals with the Arabs on our terms. In their present situation, they can't even say no.

We've found a good cash cow.

 

[Gessler]

Arabs define people into two groups Muslims and kafirs.They are controlling Muslims all around the globe with their filthy hate book and medieval mindset.

Except Muslims who cares about desert arab rats no one.

That is the semi-official story. Arab leaders at the core know that their future and their countries' future lies in knowing who they can control and who they can't. They can control all Sunni Muslim states and therefore these states (including Pakistan) are considered subservient to the KSA/GCC. And the states which they can't control, they will try to appease with oil & money to earn their support. This is why they were so shocked when Pak said it won't fight for KSA in the Yemen conflict.

They went to great lengths to piss off Pakistan after this, all because they could not fathom the aspect that Pak has a free will. Pak was just a pawn of Riyadh and a pawn saying no to the master was shocking for them.

After the recent Saudi-Iran spat, Pak again chose to not take sides. That was it. GCC decided to teach Pakistan a lesson they'll never forget. That's one of the main reasons for them to try appeasing India for support & deals. And what did I say GCC will do with countries they can't control? That's right - appeasement.

 

[alphacentury]

India-UAE strategic oil reserves deal: 10 things to know

1.
India signed a deal with the United Arab Emirates on Wednesday that allows the Gulf OPEC country to fill half of an underground crude oil storage facility at Mangalore, Karnataka.

2.
The deal is part of New Delhi's strategic petroleum reserve system, an emergency underground storage of 36.87 million barrels of crude oil which can supply about 10 days of the country's average daily oil demand.

3.
UAE's Abu Dhabi National Oil Co (ADNOC) will store about 6 million barrels of oil at Mangalore, taking up about half of the site's capacity.

4.
This is the second agreement signed between Indian Strategic Petroleum Reserves Limited and ADNOC in the area of storage and management of oil at strategic facilities in India. Crude oil supplies from ADNOC will begin in the last quarter of 2017.

5.
Three years ago, India began talks to lease part of its strategic storage to ADNOC. Under those discussions in 2014, India was to have first rights to the stored crude oil in case of an emergency.

6.
Strategic petroleum reserves have become indispensable to safeguard the economy and to help maintain national security in the event of an energy crisis. These crude oil inventories (or stockpiles) can be held by the government of a particular country, as well as by private industry.

7.
In fact, India has already filled the other half of the Mangalore storage facility with 6 million barrels of Iranian oil. The country has another storage site in Vizag, Andhra Pradesh with 7.55 million barrels of Iraqi oil and a third such facility in Karnataka's Paduran, with a storage capacity 18.3 million barrels.

8.
According to the United States Energy Information Administration, approximately 4.1 billion barrels of oil are held in strategic reserves globally, of which 1.4 billion is government-controlled. The remainder is held by private industry.

9.
The US has the world's largest reported Strategic Petroleum Reserve with a total capacity of 727 million barrels. If completely filled, the US reserves could theoretically replace about 60 days of oil imports.

10.
China has built its crude oil stockpile through government-controlled strategic reserves complemented by mandated commercial reserves. It plans to increase its strategic petroleum reserve to 90 days of supply by 2020.