In a historic and momentous move on February 13, Abu Dhabi witnessed the joint introduction of the UPI RuPay card. Prime Minister Modi and UAE President Sheikh Mohammed Bin Zayed Al Nahyan spearheaded this initiative, aiming to seamlessly integrate financial systems and foster stronger economic ties between India and Abu Dhabi.
Cross-Border Financial Integration In Abu Dhabi
VIDEO | PM Modi and UAE President Sheikh Mohammed Bin Zayed Al Nahyan introduce UPI service in Abu Dhabi. pic.twitter.com/24JKrjD77I
— Press Trust of India (@PTI_News) February 13, 2024
The UPI RuPay card launch in Abu Dhabi is a result of the Memorandum of Understanding (MoU) signed in July last year during Prime Minister Modi’s visit. This groundbreaking step signifies a commitment to facilitating hassle-free cross-border transactions, promoting economic collaboration between the two nations.
UPI System In Sri Lanka, Mauritius
Extending the UPI system to Sri Lanka and Mauritius on February 12 marked a significant step in India’s financial outreach. The global impact of India’s financial technology became evident. India reaffirms its commitment to pioneering innovative solutions for international financial transactions. This initiative contributes to the broader digital financial landscape, showcasing India’s prowess in global financial technology advancements.
Warm Welcome And Strategic Discussions
President Nahyan warmly welcomed Prime Minister Modi, setting the tone for strategic discussions to propel the bilateral partnership forward. This visit marks the seventh for PM Modi to the UAE since 2015, showcasing the sustained commitment to nurturing diplomatic ties and strengthening the bond between the two nations.
PM Surya Ghar In Abu Dhabi
During his visit, Prime Minister Modi announced renaming the rooftop solar scheme to ‘PM Surya Ghar: Muft Bijli Yojana.’ This renaming is coupled with a substantial investment of Rs 75,000 crore. It signifies India’s dedication to advancing sustainable energy solutions on a global scale. Additionally, it demonstrates India’s commitment to fostering international collaboration in the renewable energy sector.
Inaugurating The First Hindu Stone Temple
On February 14, PM Modi is scheduled to inaugurate the BAPS Mandir in Abu Dhabi, the first Hindu stone temple in the city. This cultural milestone signifies a tribute to shared values of harmony, peace, and tolerance between India and Abu Dhabi. The inauguration fosters a deeper understanding of diverse cultural expressions, promoting cultural exchanges. It stands as a testament to the strengthening of cultural ties between the two nations.
In conclusion, the UPI RuPay card launch in Abu Dhabi and significant announcements during Prime Minister Modi’s visit underscores the commitment to fostering economic collaboration and cultural harmony between India and Abu Dhabi. These initiatives reflect the nations’ dedication to innovation, sustainability, and strengthened diplomatic relations.
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