• The Indian Institute of Technology (IIT) Delhi campus. IIT will open its first overseas campus in Abu Dhabi next year. Getty
    The Indian Institute of Technology (IIT) Delhi campus. IIT will open its first overseas campus in Abu Dhabi next year. Getty
  • IIT Mumbai, which boasts of alumni such as Parag Agrawal, Twitter's former chief executive. AFP
    IIT Mumbai, which boasts of alumni such as Parag Agrawal, Twitter's former chief executive. AFP
  • There are 23 IITs in India. They have rigorous qualification requirements for courses in technology, engineering and software development. AFP
    There are 23 IITs in India. They have rigorous qualification requirements for courses in technology, engineering and software development. AFP
  • A researcher at a laboratory at IIT Chennai working to develop a drug to treat a rare genetic disease. EPA
    A researcher at a laboratory at IIT Chennai working to develop a drug to treat a rare genetic disease. EPA
  • President Sheikh Mohamed with India's Prime Minister Narendra Modi. The first official reference to the UAE being home to an IIT was made in February 2022, when Sheikh Mohamed, while still Crown Prince of Abu Dhabi, and Mr Modi issued a joint vision statement. Photo: Ministry of Presidential Affairs
    President Sheikh Mohamed with India's Prime Minister Narendra Modi. The first official reference to the UAE being home to an IIT was made in February 2022, when Sheikh Mohamed, while still Crown Prince of Abu Dhabi, and Mr Modi issued a joint vision statement. Photo: Ministry of Presidential Affairs
  • UAE and India launched talks on a landmark Comprehensive Economic Partnership Agreement in February 2022. It came into force in May 2022. Photo: Ministry of State for Foreign Trade
    UAE and India launched talks on a landmark Comprehensive Economic Partnership Agreement in February 2022. It came into force in May 2022. Photo: Ministry of State for Foreign Trade
  • Sunjay Sudhir, ambassador of India to the UAE. Photo: Khushnum Bhandari / The National
    Sunjay Sudhir, ambassador of India to the UAE. Photo: Khushnum Bhandari / The National
  • Google's chief executive officer Sundar Pichai studied at IIT Chennai. Reuters
    Google's chief executive officer Sundar Pichai studied at IIT Chennai. Reuters
  • Narayana Murthy, founder of software giant Infosys, is among well-known IIT alumni. Reuters
    Narayana Murthy, founder of software giant Infosys, is among well-known IIT alumni. Reuters
  • Sachin Bansal, founder of the e-commerce firm Flipkart, is another IIT graduate. EPA
    Sachin Bansal, founder of the e-commerce firm Flipkart, is another IIT graduate. EPA
  • The gems and jewellery sector in India has received a boost in exports to the UAE since the countries signed their historic trade agreement in February 2022. Antonie Robertson / The National
    The gems and jewellery sector in India has received a boost in exports to the UAE since the countries signed their historic trade agreement in February 2022. Antonie Robertson / The National
  • Indian exports of gems and jewellery to the UAE have increased by 21 per cent since Cepa was signed. Antonie Robertson / The National
    Indian exports of gems and jewellery to the UAE have increased by 21 per cent since Cepa was signed. Antonie Robertson / The National
  • The trade agreement came at a time when both countries were seeking to rebound from Covid-19. Antonie Robertson / The National
    The trade agreement came at a time when both countries were seeking to rebound from Covid-19. Antonie Robertson / The National
  • The UAE and India have agreed to facilitate quick market access for some pharmaceutical products. Pawan Singh / The National
    The UAE and India have agreed to facilitate quick market access for some pharmaceutical products. Pawan Singh / The National
  • They agreed on fast-track approval for pharmaceutical products already approved by regulatory authorities in certain countries and regions. Christopher Pike / The National
    They agreed on fast-track approval for pharmaceutical products already approved by regulatory authorities in certain countries and regions. Christopher Pike / The National

India’s elite IIT to open first overseas campus in Abu Dhabi next year


Ramola Talwar Badam
  • English
  • Arabic

India’s prestigious Indian Institute of Technology, better known as IIT, will begin courses in Abu Dhabi next year, the country's envoy to the UAE has said.

Sunjay Sudhir, Indian ambassador to the UAE, outlined details about the IIT’s first campus outside India.

There are 23 IITs in India and the institute is famous for producing graduates ranked among the world’s most successful innovators, engineers and entrepreneurs.

Alumni include Sundar Pichai, Google's chief executive and Narayana Murthy, founder of software giant Infosys.

“We can expect the commencement of courses at IIT Abu Dhabi within a year’s time,” Mr Sudhir told The National in an interview on milestones reached since the signing of the Comprehensive Economic Partnership Agreement between the UAE and India on February 18 last year.

“It would be an independent IIT so initially it would offer a few academic programmes but eventually it will have all the academic programmes like undergraduate, post-graduate and PhD courses.”

IITs are premier educational institutes in India, known for a rigorous curriculum in engineering and technology.

Often called the MIT and Harvard of India, the acceptance rate is only about 1.7 per cent, with more than 900,000 students vying for about 16,600 places last year.

Truly global campus

The IIT Delhi, one of the oldest and most respected, will mentor IIT Abu Dhabi.

“The idea behind setting up of IIT Abu Dhabi is to bring the academic excellence of IITs to the wide international community. Therefore, IIT Abu Dhabi will also aspire to be a truly global campus having good mix of Indian, Emirati and other nationalities,” Mr Sudhir said

“IIT Abu Dhabi is a landmark project which reflects the vision of our leaders and it will be a tribute to the people of India and the UAE who are the backbone of our historic relationship.”

A researcher at work in a laboratory at the Indian Institute of Technology Chennai, developing a drug to treat a rare genetic disease. EPA
A researcher at work in a laboratory at the Indian Institute of Technology Chennai, developing a drug to treat a rare genetic disease. EPA

A joint working group will identify the location for the temporary and permanent campuses in Abu Dhabi, finalise the start date and qualification criteria.

The group with experts from IIT Delhi and the Abu Dhabi Department of Education and Knowledge (Adek) has held regular meetings and an agreement is close to being finalised to chart out specific roles and responsibilities.

The first official reference to the UAE being home to an IIT was made last February when President Sheikh Mohamed, at the time Crown Prince of Abu Dhabi, and Indian Prime Minister Narendra Modi issued a joint vision statement.

Huge job opportunities

The historic trade agreement that came into force on May 1 last year has sparked job creation opening up opportunities in both countries.

Mr Sudhir said the agreement resulted in notable 27.5 per cent growth in bilateral trade.

From left, Sunjay Sudhir, Indian ambassador to the UAE, Mohammad Ali Rashed Lootah, president of Dubai Chambers of Commerce and Industry and Rajiv Podar, chairman of Podar Enterprise, at the India-UAE Partnership Summit in Dubai in January 2023. Pawan Singh / The National
From left, Sunjay Sudhir, Indian ambassador to the UAE, Mohammad Ali Rashed Lootah, president of Dubai Chambers of Commerce and Industry and Rajiv Podar, chairman of Podar Enterprise, at the India-UAE Partnership Summit in Dubai in January 2023. Pawan Singh / The National

Early gains are apparent with bilateral trade rising to $57.8 billion from April to November 2022 from $45.3 billion in the same period the year before.

“There has been impressive growth in all major sectors like gems and jewellery, mineral products, engineering goods, electronics, plastic and rubber,” Mr Sudhir said.

“Cepa will create huge job opportunities in India as India’s exports are poised to grow.

“The impressive growth of $12.5 billion in bilateral trade would have resulted in many new job opportunities in both countries.”

India’s exports over eight months registered about 19 per cent growth, reaching $20.8 billion from $17.45 billion in labour-intensive sectors such as gems and jewellery, food and agricultural sectors.

Wider market access

The business community in both countries has benefitted from duty waivers and better market access.

“Cepa is particularly beneficial for small and medium enterprises in both countries,” Mr Sudhir said.

“The agreement enables them to use the duty waivers to boost their standing and scale up.”

The agreement is also critical for access to affordable medicines.

“Both nations have agreed to facilitate quick market access of finished pharmaceutical products to improve the health of their populations,” Mr Sudhir said.

The UAE and India have decided to grant fast-track approval for the registration of medicines that are cleared by at least one regulatory authority in countries such as Australia, Canada, Japan, the US, the UK or the EU.

Committees are being finalised to oversee implementation.

The pact covers all economic interactions with the UAE, including jewellery, trade, investment, healthcare and digital trade.

“The gems and jewellery sector is among the industries which are poised to gain considerably from Cepa,” the ambassador said.

“The agreement has come at an opportune time when both countries are looking to rebound from the Covid-19 setback and realign their common business interests.”

India’s jewellery exports to the UAE, in a negative trajectory during the pandemic, have rebounded.

From April to November, India’s gems and jewellery exports to the UAE reached $3,761 million from $3,105 million over the same period the year before, registering an increase of 21 per cent.

Cultural dialogue

Education co-operation is key with progress made on exchanging information on qualifications issued by educational institutions so training and certificates are mutually recognised.

Plans are moving ahead for an India-UAE Cultural Council Forum for more dialogue and visits between artists, poets and authors.

Mr Sudhir said the new council would draw two creative communities closer, and “promote a common cultural heritage and strong ties that lie deeply rooted in history.”

The Abu Dhabi Awards explained:

What are the awards? They honour anyone who has made a contribution to life in Abu Dhabi.

Are they open to only Emiratis? The awards are open to anyone, regardless of age or nationality, living anywhere in the world.

When do nominations close? The process concludes on December 31.

How do I nominate someone? Through the website.

When is the ceremony? The awards event will take place early next year.

MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

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%3Cp%3E%3Cstrong%3EEquestrian%3C%2Fstrong%3E%3Cbr%3EAbdullah%20Humaid%20Al%20Muhairi%2C%20Abdullah%20Al%20Marri%2C%20Omar%20Al%20Marzooqi%2C%20Salem%20Al%20Suwaidi%2C%20and%20Ali%20Al%20Karbi%20(four%20to%20be%20selected).%3Cbr%3E%3Cstrong%3EJudo%3C%2Fstrong%3E%3Cbr%3EMen%3A%20Narmandakh%20Bayanmunkh%20(66kg)%2C%20Nugzari%20Tatalashvili%20(81kg)%2C%20Aram%20Grigorian%20(90kg)%2C%20Dzhafar%20Kostoev%20(100kg)%2C%20Magomedomar%20Magomedomarov%20(%2B100kg)%3B%20women's%20Khorloodoi%20Bishrelt%20(52kg).%3Cbr%3E%3Cbr%3E%3Cstrong%3ECycling%3C%2Fstrong%3E%3Cbr%3ESafia%20Al%20Sayegh%20(women's%20road%20race).%3Cbr%3E%3Cbr%3E%3Cstrong%3ESwimming%3C%2Fstrong%3E%3Cbr%3EMen%3A%20Yousef%20Rashid%20Al%20Matroushi%20(100m%20freestyle)%3B%20women%3A%20Maha%20Abdullah%20Al%20Shehi%20(200m%20freestyle).%3Cbr%3E%3Cbr%3E%3Cstrong%3EAthletics%3C%2Fstrong%3E%3Cbr%3EMaryam%20Mohammed%20Al%20Farsi%20(women's%20100%20metres).%3C%2Fp%3E%0A
The five pillars of Islam
The%20specs
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

HOW TO WATCH

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Sri Lanka v England

First Test, at Galle
England won by 211

Second Test, at Kandy
England won by 57 runs

Third Test, at Colombo
From Nov 23-27

Updated: February 18, 2023, 4:00 AM