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India and the UAE signed five Government-to-Government MoUs in the presence of PM Shri Narendra Modi and HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces on 10th February at Presidential Palace. The MoUs signed and exchanged are related to energy sector, railways, manpower and financial services.

An MOU between Indian Consortium (OVL, BPRL & IOCL) and ADNOC was signed for acquisition of 10% participating interest in the offshore Lower Zakum Concession. The concession will be for 40 years from 2018 to 2057, 60 % of the participating interest will be retained by ADNOC and remaining 30 % will be awarded to other International oil companies. This is the first Indian Investment in upstream oil sector of UAE, transforming the traditional buyer-seller relationship to a long-term investor relationship.

To cooperate in the field of Manpower, Government of India and Government of UAE signed an MoU that aims to institutionalise the collaborative administration of contractual employment of Indian workers in UAE. Under the MoU both the sides will work to integrate their labour related e-platforms for ending the existing malpractices, combat trafficking and organize collaborative programs for education and awareness of contractual workers.

An MoU for Technical Cooperation in Rail Sector was also signed between Ministry of Railways, India and Federal Transport Authority - Land & Maritime of UAE. The MoU aims at cooperation in Infrastructure sector especially Railways. The MoU will facilitate development of Joint Projects, Knowledge Sharing, Joint Research and Technology Transfer. The MoU envisages formation of a Joint Working Group for institutionalising the cooperation mechanism.

To deepen bilateral cooperation in the field of finance, an MoU between Bombay Stock Exchange (BSE) and Abu Dhabi Securities Exchange (ADX) was signed and exchanged. It aims at enhancing cooperation between both the countries in financial services industry. The MoU envisages information exchange, exchange of experts and training for mutual benefit of both the countries. The MoU would facilitate investment in financial markets by investors from both the countries. An MoU between Government of Jammu and Kashmir and DP World was also singed to establish multi-modal logistics park and hub in Jammu comprising warehouses and specialized storage solutions.

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Prime Minister to visit Barauni in Bihar on 17th February 2019
February 16, 2019
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The Prime Minister, Shri Narendra Modi, will visit Bihar tomorrow on 17 February 2019. He will arrive in Barauni where he will launch a series of development projects for Bihar.

These projects will enhance connectivity, especially in the city of Patna and nearby areas. They will significantly augment the availability of energy in the city, and the region. The projects will also boost fertilizer production, and significantly enhance medical, and sanitation facilities in Bihar.

The sector wise project details are as follows -

Urban Development and Sanitation

The Prime Minister will lay the foundation stone of Patna Metro Rail Project which will give a boost to transport connectivity and add to ease of living for the people of Patna and adjoining areas.

The first phase of River Front Development at Patna will be inaugurated by PM.

Foundation Stone for the Karmalichak Sewerage Network spanning 96.54 kilometres will be laid by PM.

Works related to Sewage Treatment Plants at Barh, Sultanganj and Naugachia will be kicked off by PM. He will also lay the Foundation Stone for 22 AMRUT projects at various locations.

Railways

 

PM will also inaugurate the electrification of Railway Lines on the following sectors:

· Barauni-Kumedpur

· Muzaffarpur-Raxaul

· Fatuha-Islampur

· Biharsharif-Daniawan

Ranchi-Patna AC Weekly Express will also be inaugurated on the occasion.

Oil & Gas

The Prime Minister Modi will also inaugurate the Phulpur to Patna stretch of the Jagdishpur-Varanasi Natural Gas pipeline. He will also inaugurate the Patna City Gas Distributionproject.

Foundation Stone of the 9 MMT AVU of the Barauni Refinery Expansion Project will also be laid on the occasion.

PM will lay the Foundation Stone for the augmentation of the Paradip-Haldia-Durgapur LPG pipeline from Durgapur to Muzaffarpur and Patna.

He will also lay the Foundation Stone for the ATF Hydrotreating Unit (INDJET) at Barauni Refinery.

These projects will significantly augment the availability of energy in the city, and the region.

Health

The Prime Minister will lay the Foundation Stone for Medical Colleges at Saran, Chhapra and Purnia.

The Prime Minister will also lay the Foundation Stone for the upgradation of Government Medical Colleges at Bhagalpur and Gaya.

Fertilizers

The Prime Minister will also lay the Foundation Stone for the Ammonia-Urea Fertilizer Complex at Barauni.

From Barauni, PM will move to Jharkhand where he will visit Hazaribagh and Ranchi.