"The Union Cabinet... Has approved the memorandum of understanding (MoU) between India and the United Arab Emirates on bilateral cooperation in the road transport and highways sector to be signed between the Ministry of Road Transport and Highways, India, and the Federal Transport Authority - Land and Maritime, UAE," the ministry said in a statement.
The proposed MoU envisages increased cooperation, exchange and collaboration between India and the UAE, and will contribute to increased investment in infrastructure development and enhance logistics efficiency.
The pact envisages exchange and sharing of knowledge and cooperation in transportation technologies and transport policies, passenger and freight movement by roads and planning, administration and management of road infrastructure, technology and standards for road or highway construction and maintenance, among others, it added.
Under the pact, there will be sharing of information and best practices for developing road safety plans and road safety intervention strategies and outreach activities aimed at reducing deaths and injuries resulting from road accidents.
There is also an emphasis on mobilising investments for setting up of logistics parks, freight logistics, transportation warehousing and value added services (VAS) as an enabler and a catalyst of economic growth and seamless freight movement.