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India-UAE Business Forum sees investment, logistics, trade, mining agreements: Companies and authorities from the UAE and India signed a slew of agreements across trade, aviation, AI, investment, mining, and more, during the India-UAE Business Forum in Mumbai yesterday, state news agency Wam reports.
#1- Lulu Group expands Indian imports: Retailer Lulu Group signed an agreement with India’s Agricultural and Processed Food Export Development Authority to source and import Indian organic produce into the UAE.
#2- The Abu Dhabi Chamber of Commerce and Industry and the Confederation of Indian Industry will collaborate to boost investments and economic growth. The agreement includes expanding the Abu Dhabi Chamber of Commerce and Industry’s Business Connect Platform.
#3- Mining, logistics, and trade: Abu Dhabi-based International Resources Holding and Oil India partnered to develop assets in the global mining sector, especially in India, while IHC-backed Rorix Holdings will work with Adani Ports to integrate advanced technologies into India’s infrastructure. Rorix also partnered with the Indian Bullion and Jewellers Association to expedite precious metals trading.
#4- Aircraft maintenance: Dubai-based Global Jet Technic secured agreements with Indian airlines InterGlobe Aviation Services, Air India, and Akasa Air for aircraft maintenance services in the UAE.
ON THE AI FRONT- State-owned AI firm G42 launched a Hindi large language model (LLM) dubbed Nanda, Wam said.
Background: Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s visit to India also saw Adnoc ink a 15-year LNG heads of agreement to supply 1 mn metric tonnes of liquefied natural gas annually to state-owned IndianOil; the Emirates Nuclear Energy Corporation agreeing to hand India’s Nuclear Power Corporation maintenance and operation of the Barakah nuclear power plant; the extension of an oil storage agreement; and plans for a major food and agricultural park in India.
