PM Modi leaves for India after 'productive' visit to UAE

Abu Dhabi: PM Narendra Modi on Saturday concluded his day-long "productive" visit to the UAE during which he held bilateral talks with President Sheikh Mohamed bin Zayed al Nahyan.

"Concluding a productive UAE visit. Our nations are working together on so many issues aimed at making our planet better. I thank HH Sheikh Mohamed bin Zayed Al Nahyan for the warm hospitality,” Modi said on Twitter.

The two leaders agreed to start trade settlements in local currencies, link the Fast payment systems of India and the UAE and open IIT-Delhi campus in the Gulf country.

The Prime Minister departed for India after a banquet hosted in his honour by the UAE President.

“A visit defined by transformative outcomes. PM @ narendramodi emplanes for New Delhi after wrapping up a successful visit to UAE,” Ministry of External Affairs Spokesperson Arindam Bagchi tweeted.

India, UAE agree on trade settlement in local currencies

India and the UAE on Saturday agreed to start trade settlement in their currencies and link the Indian Unified Payments Interface with the Gulf country's Instant Payment Platform (IPP) as Prime Minister Narendra Modi held comprehensive talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan here.

In his remarks after meeting the UAE President, Modi said India-UAE trade witnessed a 20 per cent increase since the signing of the Comprehensive Economic Partnership Agreement last year.

Modi said the agreement signed on Saturday for trade settlement in the currencies of the two countries shows the strong economic cooperation and mutual trust between the two nations.

"It is always gladdening to meet HH Sheikh Mohamed bin Zayed Al Nahyan. His energy and vision for development are admirable. We discussed the full range of India-UAE ties including ways to boost cultural and economic ties," Modi said on Twitter after the meeting.

The agreement with the UAE on trade settlement in the currencies of the two countries will boost bilateral trade and investments. Modi said he always got the love of a brother from Sheikh Mohamed bin Zayed Al Nahyan. "The manner in which ties between our countries have expanded, you have made a big contribution to that.

PM Modi holds talks with UAE President

Prime Minister Narendra Modi on Saturday held talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan to further deepen the multifaceted bilateral ties.

Modi was accorded a ceremonial welcome here at the Qasr-Al-Watan – the presidential palace - where he was greeted by the UAE President with a warm embrace. Children were seen waving the Indian tricolour as the Prime Minister inspected the guard of honour.

Energy, food security, and defence are expected to be the focus areas of Modi's visit to the UAE during which the two countries will review the progress in bilateral relations. (PTI)