Cabinet approves framework agreement India-UAE Economic Corridor
ECONOMY & POLICY

Cabinet approves framework agreement India-UAE Economic Corridor

The Union Cabinet, led by Prime Minister Narendra Modi, has given its Ex-post facto approval to the Inter-Governmental Framework Agreement (IGFA) with the United Arab Emirates.

It was informed that the agreement, which was signed on February 13, 2024, during a high-level bilateral visit, aimed at promoting cooperation and empowerment in the operation of the India-Middle East Europe Economic Corridor (IMEC).

The strategic pact, according to reports, focuses on bolstering bilateral ties and fortifying relations between India and the UAE, especially in the ports, maritime, and logistics sectors. It was stated that the IGFA seeks to explore avenues for future joint investments and collaborations in the development of the IMEC, establishing a detailed framework for cooperation based on a set of mutually agreed principles, guidelines, and regulations of both countries.

The Union Cabinet, led by Prime Minister Narendra Modi, has given its Ex-post facto approval to the Inter-Governmental Framework Agreement (IGFA) with the United Arab Emirates. It was informed that the agreement, which was signed on February 13, 2024, during a high-level bilateral visit, aimed at promoting cooperation and empowerment in the operation of the India-Middle East Europe Economic Corridor (IMEC). The strategic pact, according to reports, focuses on bolstering bilateral ties and fortifying relations between India and the UAE, especially in the ports, maritime, and logistics sectors. It was stated that the IGFA seeks to explore avenues for future joint investments and collaborations in the development of the IMEC, establishing a detailed framework for cooperation based on a set of mutually agreed principles, guidelines, and regulations of both countries.

Next Story
Infrastructure Urban

GST Bachat Utsav Showcases Nationwide Relief and Growth Momentum

Union Ministers Nirmala Sitharaman, Piyush Goyal, and Ashwini Vaishnaw jointly addressed a press conference in New Delhi on the GST Bachat Utsav, underscoring the far-reaching benefits of the Next-Generation GST reforms implemented ahead of Diwali.Finance Minister Nirmala Sitharaman announced that the revised GST rates—effective from the first day of Navratri—have simplified compliance by reducing slabs from four to two and ensuring greater benefits to consumers. The Finance Ministry is closely tracking 54 essential items to confirm that the lower tax rates are being passed on fully to end..

Next Story
Infrastructure Transport

Indian Railways Operates 12,000 Special Trains for Festive Rush

Union Minister for Railways, Information & Broadcasting, and Electronics & Information Technology, Ashwini Vaishnaw, reviewed passenger movement at the Railway Board War Room and appreciated staff for their round-the-clock efforts during the festive season. He extended Diwali greetings to railway personnel across the country.To meet the surge in travel demand during Puja, Diwali, and Chhath, Indian Railways has deployed 12,011 special trains—up from 7,724 last year—ensuring smooth and comfortable travel for passengers nationwide. Between 1 and 19 October 2025, 3,960 special..

Next Story
Infrastructure Urban

TRAI Evaluates Mobile Network Quality Across Assam Districts

The Telecom Regulatory Authority of India (TRAI) has released its Independent Drive Test (IDT) report for the Assam Licensed Service Area, evaluating network performance across Silchar city and Hailakandi and Karimganj districts. Conducted between 18 and 22 August 2025, the tests covered 284 km of city routes, 10 hotspot locations, and 2.4 km of walk tests.The assessment, supervised by the TRAI Regional Office, Kolkata, examined real-world service quality across 2G, 3G, 4G, and 5G technologies in both urban and rural zones. Key parameters included call setup success rate, drop call rate, laten..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?