As many as 10 agreements have been signed between India and the UAE for cooperation in key sectors such as energy, infrastructure, investment and archives management, India's Foreign Secretary Vinay Kwatra said on Wednesday.
Briefing the press on the ongoing visit of Prime Minister Narendra Modi, his seventh since taking over the reins of government in India, Kawatra said the bilateral trade between the two countries is already close to $85 billion and the US is the fourth largest investor in the Indian economy.
"The leaders held detailed delegation level and one-to-one talks which covered the entire gamut of bilateral engagement between India and the UAE as also the significant developments regionally as also globally. 10 MoUs have been signed which represent the relationship between India and UAE across the whole range of areas," the foreign secretary said.
"The first one that was signed was an MOU on cooperation in the field of electricity connection and trade. The objective of this particular MOU is to focus on strengthening our partnership in two crucial domains, one relating to energy security and two relating to energy trade. Clean energy trade is an important segment of this MoU," he said, adding that the focus would naturally be on green hydrogen and on energy storage.