UAE, India ink 10 pacts for collaboration during PM Modi's visit: Foreign Secretary Vinay Kwatra
Abu Dhabi (PTI): In a bid to further strengthen their bilateral relationship, India and the UAE have inked 10 pacts for collaboration in key sectors like energy, infrastructure, investments, and management of archives, Foreign Secretary Vinay Kwatra said here on Wednesday.
The 10 memoranda of understanding and agreements were signed during the meeting Prime Minister Narendra Modi had with UAE President Sheikh Mohamed bin Zayed Al Nahyan on Tuesday.
He said the MoU in the field of electricity interconnection and trade will focus on green hydrogen and energy storage, besides cooperation on ensuring energy security and trade.
Kwatra said the Inter-governmental Framework Agreement concerning Cooperation for the Empowerment and Operation of the India-Middle East-Europe Economic Corridor (IMEC) will further regional connectivity.
"The main areas under this agreement include cooperation on logistics platforms which is a crucial element of furthering the objectives of these particular corridors and provision of supply chain services to cover all types of general cargo, bulk containers, and liquid," he said.
"One of the aims is to see how quickly the IMEC gets operated and benefits the core objective of stronger, deeper, more extensive regional connectivity between the parties involved," Kwatra said.
The corridor was announced in New Delhi during the G20 summit in September.
The IMEC is being seen as an alternative to China's Belt and Road Initiative (BRI).
The IMEC will connect India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel and Europe.
Kwatra said the MoU on Cooperation in Digital Infrastructure Projects will create a framework for wide-ranging cooperation, including investment cooperation, in the digital infrastructure sector and also facilitate the sharing of technical knowledge, skills and expertise.
"Government agencies as well as regulatory authorities will seek to forge partnerships under this MoU. This would focus on key areas of digital space that includes high power computing, digital innovation, and platforms relating to management of data," the foreign secretary said.
He said the Bilateral Investment Treaty will set the basis for a stronger, wide-ranging investment partnership because it focuses, not just on protecting the existing investments, but also advances the objective of further capital flows between the two economies.
The MoU on the Development of the National Maritime Heritage Complex (NMHC) would foster engagement between the two countries aimed at supporting the Maritime Heritage Complex at Lothal, Gujarat.
"The two sides will work closely to develop this project in a comprehensive fashion," the foreign secretary said.
He said the Cooperation Protocol between the National Library and Archives of the UAE and the National Archives of India will shape extensive bilateral cooperation in this field including restoration and preservation of archival material.
The protocol will promote cooperation in archives management through the exchange of expertise, historical information, research, and studies.
The agreement on interlinking of the instant payment platforms - UPI (India) and AANI (UAE) will facilitate seamless cross-border transactions between the two countries.
Kwatra said the agreement on inter-linking domestic debit/credit cards - RuPay (India) with JAYWAN (UAE) was an important step in building financial sector cooperation and will enhance the universal acceptance of RuPay across the UAE.
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South zone finalists announced at WAVES VFX challenge in Bengaluru
Bengaluru: The South Zone round of the WAVES VFX Challenge took place today in Bengaluru, organized by the Association of Bangalore Animation Industry (ABAI).
The day-long competition brought together talented participants from across southern India, with the goal of selecting top finalists who will go on to represent the region at the national finals next month during the WAVES Summit in Mumbai.
Finalists were selected in three categories:
Student Category
Winner: Soumya Das
Runner-up: Gagan HP
Professional Category
Winner: Mohamad Javeed
Runner-up: S Sai Chandan
Enthusiasts Category
Winner: Gagan Ajai
Over 1,500 entries were received from students, working professionals, and VFX enthusiasts, all centered around the theme “Super Hero Power.” Out of these, 14 entries were shortlisted to compete in today’s final round. One winner and one runner-up from each category were chosen to represent the South Zone in Mumbai.
ABAI Secretary R.K. Chand appreciated the strong participation and encouraged industry professionals to attend the Mumbai summit, which will host well-known personalities from films, advertising, and creative sectors. He also mentioned that the WAVES Challenge was recently launched in Bengaluru by Sanjay Jaju, Secretary, Ministry of Information and Broadcasting.
The event was inaugurated by Dr. Sagar Gulati, Director of the School of Creative Design and Information Technology at Jain (Deemed-to-be University), the zonal partner for the competition.
The day also featured two special sessions led by industry experts. Vijay Selvam from the global VFX studio MPC held a masterclass titled “Concept Reality,” where he discussed lighting, animation, compositing, and photorealistic effects. Students got the chance to interact with him during a Q&A session.
Another session was conducted by Rakesh H, Lead Head at The Mill, who spoke about how visual effects are used in advertising. Nearly 100 students attended these sessions, gaining valuable industry insights and learning opportunities.
