The UAE and India are tied by innovation



Pearls for spices, dates for silk. This type of trade formed the bedrock of UAE-India ties for much of the last 5,000 years. But as the world's largest democracy enters a new era of cooperation with one of the Gulf's most progressive economies, gems and fabric must give way to microchips and medical devices. In a global economy, partnerships adapt.
Leaders here recognise that need. Sheikha Lubna Al Qasimi, the UAE's minister of foreign trade, once predicted that Indian engineers might transform this country's skylines, while UAE investment could modernise India's health care industries. Her vision has proven prescient, to the benefit of both nations. Yet there's no question ties can grow stronger still.
The visit this week of the Indian president, Pratibha Patil, to the UAE - the first by an Indian head of state in seven years - is one step to this more prosperous future. Mrs Patil says India's trade with the UAE topped $43 billion in the last year, and her nation hopes to more than double that figure by 2015. This ambition makes sense given India's reliance on Gulf energy sources, and that millions of its citizens call the region home.
These links are equally important for the UAE, which is reliant on foreign investment, free markets, and foreign labour. A stronger partnership with New Delhi will be critical as the UAE hopes to diversify away from oil.
Wishing for an expansion of ties won't make it so, of course. As the Indian president made clear on the eve of her visit, maintaining "relevant and dynamic" relations means ensuring they are "constantly revitalised". What that means will differ for each nation, but undoubtedly innovation will be a part of the equation.
One possible push for future investment could come from aerospace cooperation. To keep pace with growth, India will require a vast expansion of its airline sector - some 3,000 planes over the next decade by one estimate - equipment that will need new service contracts. UAE-based companies like The Emirates Group are well positioned to fill this need. Petrochemicals and high-tech gadgetry are other obvious places for expansion. As we reported yesterday, the Abu Dhabi Government has big plans for microchip manufacturing.
Abdul Kalam, the last Indian president to visit the UAE, in 2003, envisioned a future of "long and mutually beneficial joint ventures" in which both nations walked "hand in hand" towards economic prosperity. As Mrs Patil's visit reminds us, this important journey will and must continue.

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
The specs: Rolls-Royce Cullinan

Price, base: Dh1 million (estimate)

Engine: 6.75-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 563hp @ 5,000rpm

Torque: 850Nm @ 1,600rpm

Fuel economy, combined: 15L / 100km

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

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It's up to you to go green

Nils El Accad, chief executive and owner of Organic Foods and Café, says going green is about “lifestyle and attitude” rather than a “money change”; people need to plan ahead to fill water bottles in advance and take their own bags to the supermarket, he says.

“People always want someone else to do the work; it doesn’t work like that,” he adds. “The first step: you have to consciously make that decision and change.”

When he gets a takeaway, says Mr El Accad, he takes his own glass jars instead of accepting disposable aluminium containers, paper napkins and plastic tubs, cutlery and bags from restaurants.

He also plants his own crops and herbs at home and at the Sheikh Zayed store, from basil and rosemary to beans, squashes and papayas. “If you’re going to water anything, better it be tomatoes and cucumbers, something edible, than grass,” he says.

“All this throwaway plastic - cups, bottles, forks - has to go first,” says Mr El Accad, who has banned all disposable straws, whether plastic or even paper, from the café chain.

One of the latest changes he has implemented at his stores is to offer refills of liquid laundry detergent, to save plastic. The two brands Organic Foods stocks, Organic Larder and Sonnett, are both “triple-certified - you could eat the product”.  

The Organic Larder detergent will soon be delivered in 200-litre metal oil drums before being decanted into 20-litre containers in-store.

Customers can refill their bottles at least 30 times before they start to degrade, he says. Organic Larder costs Dh35.75 for one litre and Dh62 for 2.75 litres and refills will cost 15 to 20 per cent less, Mr El Accad says.

But while there are savings to be had, going green tends to come with upfront costs and extra work and planning. Are we ready to refill bottles rather than throw them away? “You have to change,” says Mr El Accad. “I can only make it available.”

MATCH INFO

Championship play-offs, second legs:

Aston Villa 0
Middlesbrough 0

(Aston Villa advance 1-0 on aggregate)

Fulham 2
Sessegnon (47'), Odoi (66')

Derby County 0

(Fulham advance 2-1 on aggregate)

Final

Saturday, May 26, Wembley. Kick off 8pm (UAE)