The two nations also agreed to streamline procedures for trade and investment, removing bureaucratic hurdles and fostering a more conducive environment for businesses. This includes exploring the establishment of joint ventures and facilitating the exchange of technical expertise.
The centre has sounded an alarm over the likely impact of El Niño on India's 2026 southwest monsoon, warning that 315 districts across 12 states could face significant rainfall deficits during the crucial kharif cropping season.