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

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?