The nexus between middlemen, arms agents and government officials has been broken, according to Defence Minister Manohar Parrikar.
External Affairs Minister Sushma Swaraj on Wednesday called on Afghan President Ashraf Ghani in Islamabad and discussed connectivity, terror threats to the war-torn country and the peace and reconciliation process there.
Apart from key bilateral issues, the two leaders also discussed situation in the region, particularly in wake of the increasing threat of terrorism and extremism from various sources including the Islamic State militant group.
India's major import items from UAE include petroleum and petroleum products, precious metals, stones, gems, jewellery, minerals and chemicals
During his visit, first by an Indian prime minister in 34 years, Modi will seek to enhance cooperation in energy and trade and reach out to investors to hardsell India as an attractive business destination.
India, which has an Observer status for the past 10 years, will technically become the member by next year.
Prime Minister Narendra Modi on Friday met Afghan President Ashraf Ghani in Ufa and the two leaders are understood to have discussed Afghanistan's security situation and India's assistance in reconstruction efforts in the war-torn country.
On the sidelines of the SCO visit in Ufa, the two heads met and decided to revive dialogue and find ways to expedite the trial of the Mumbai attacks.
The board meeting is likely to take place later in Shanghai.
BRICS countries, including India, on Thursday voiced concern over the "fragile recovery" of global growth and the potential spillover effects from the "unconventional monetary policies" of the developed countries.
Prime Minister Narendra Modi will meet his Pakistani counterpart Nawaz Sharif in Ufa on Friday after more than a year.
With Chinese President Xi Jinping listening, Modi said: "We must unitedly fight against it (terrorism), without any discrimination between groups, or countries, sponsors or targeted countries.
Putin, 62, who holds an 8th dan black belt in Karate, said, "I do not know how to do yoga. When you people do it, it looks difficult. That is why I have not tried it."
However, the details of the meeting were not officially confirmed.
BRICS has no plans to form a military and political alliance, Russian President Vladimir Putin said on Wednesday, in an apparent effort to allay apprehensions of the West.
Undeterred by the controversy over his earlier "terrorists have to be neutralised only through terrorists" remark, Defence Minister Manohar Parrikar has asserted that he will go to "any extent" to protect India and those who attack will be "paid back in the same coin".
Winding up his visit to Canada, Prime Minister Narendra Modi said it was a historic trip that will herald a new era of cooperation between the two countries.
The company is excited over the pact, which it says marks the 'start of a new relationship' between the two countries.
He said the country has all the capabilities it needs, it just needs opportunities now.
Foreign companies see a "lot of turnaround" in India and a "lot of positive attitude" is building towards it, says CII.