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India for closer ties with UAE

DUBAI: The former President, A.P.J. Abdul Kalam, has launched India Matters, a new monthly magazine of the Indian Consulate in Dubai, amid calls for a deeper economic engagement between India and the United Arab Emirates (UAE) to help tide over the global economic meltdown.

In view of the global slowdown and the financial crisis, India and the UAE should focus even more on each other and strengthen their longstanding economic and business ties, Venu Rajamony, Consul-General of India, said during his introductory message at a glittering launch function on Sunday.

India’s Ambassador to the UAE Talmiz Ahmad said growing India-UAE ties were evolving into a strategic partnership with diversification into new areas such as security, defence and energy.

He made this observation soon after the visit of three Indian naval ships which docked in Abu Dhabi before departing for Oman and the Iranian port of Bandar Abbas.

Mr. Kalam pointed to the challenges that will confront India in the next decade and the business opportunities that they will propel.

The Crown Prince of Ras Al-Khaimah, Sheikh Saud bin Saqr Al-Qasimi, said the emirate was deeply engaged with India, advancing in the modern era a legacy of commercial and cultural ties that went back several centuries.

The Crown Prince said nearly 30 per cent of the investments in Ras Al-Khaimah were from India.

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