According to the latest trade deal with the UAE, the Indian government will set up its prestigious IIT (Indian Institute of Technology) in the Emirates. They signed a historic Comprehensive Economic Partnership Agreement (CEPA). Within five years, the CEPA is expected to increase bilateral trade to $100 million.
The deal was signed during a virtual summit between Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Prime Minister Narendra Modi of India. This agreement will strengthen economic ties between the two nations and open the door for technological advancement.
By having a world class technological institute such as the IITs, now Emiratis, including Indian expats, will have more opportunities to explore the frontiers of a world class education in technology and science.
There are 23 institutes of technical education in India. In terms of placements, the top four IITs are IIT Bombay, IIT Delhi, IIT Madras and IIT Kharagpur. Parag Agrawal, the CEO of Twitter (IIT Bombay), and Sundar Pichai, the CEO of Alphabet and Google (IIT Kharagpur), are two notable alumni of the IITs.
Through the CEPA pact, both countries have also committed to supporting clean energy missions and have established a joint hydrogen task force.
Cover Image: IIT Delhi