India signs cyber security & investments pacts with UAE

India and the UAE have signed four agreements across various sectors, including cyber security and investments. The agreements were signed by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Commander of the UAE Armed Forces, and Indian Prime Minister Narendra Modi.

"The strength of a multifaceted relationship. The leaders witness the exchange of four agreements across various sectors," external affairs ministry spokesman Vikas Swarup stated after the agreements were exchanged.

The four agreements are done for the fields of cyber security, infrastructure investment, renewable energy and currency swap arrangements. The joint statement is yet to come out, which would carry the details of understanding in other areas of cooperation including space, oil and peaceful nuclear energy.

India is hoping for huge funds from UAE for its growing market and development of modern infrastructure.

Al Nahyan was in Delhi and also met Indian president Pranab Mukherjee at his residence. He is accompanied by a high-level delegation comprising of seven ministers, senior officials and business leaders.

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