In a landmark move underscoring the strengthening bond between India and the United Arab Emirates (UAE), Prime Minister Narendra Modi and Crown Prince Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan of Abu Dhabi have signed a series of pivotal agreements. This significant engagement highlights the evolving dynamics of international diplomacy and economic collaboration between the two nations.
A New Chapter in India-UAE
For the first time, India is officially engaging with the next generation of UAE royalty and government officials.
This milestone marks a new era in bilateral relations, reflecting India’s commitment to its ties with the UAE.
The agreements signed during this visit cover critical sectors such as nuclear energy,
oil, and food security, emphasizing the depth and breadth of the collaboration.
Key Agreements Signed
The discussions between PM Modi and Crown Prince Sheikh Khaled resulted in several high-impact agreements:
- Barakah Nuclear Power Plant Operations and Maintenance: An agreement was signed between Emirates Nuclear Energy Company (ENEC) and Nuclear Power Cooperation of India Limited (NPCIL). This pact signifies a major step in nuclear energy cooperation, promising enhanced technical and operational collaboration.
- Long-Term LNG Supply: Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited agreed on a long-term liquefied natural gas (LNG) supply arrangement. This deal is expect to bolster energy security and meet growing energy demands.
- Strategic Petroleum Reserve Memorandum of Understanding (MoU): An MoU between ADNOC and India Strategic Petroleum Reserve Limited (ISPRL) was signed, further solidifying the energy cooperation between the two countries.
- Food Parks Development MoU: A Memorandum of Understanding was also sign between the Government of Gujarat and Abu Dhabi Developmental Hold Company PJSC (ADQ) for the development of food parks in India. This initiative aims to enhance food security and boost agricultural development.
Cultural and Diplomatic Engagement
Following the formal agreements, Crown Prince Sheikh Khaled paid tribute to Mahatma Gandhi at Rajghat, symbolizing the enduring influence of Gandhi’s teachings on the bilateral relationship.
This gesture underscores the cultural and historical ties that continue to inspire both nations as they deepen their partnership.
Upcoming Diplomatic Activities
The Crown Prince’s visit also includes meetings with President Droupadi Murmu and participation in a Business Forum in Mumbai.
This forum will bring together leading business figures from both countries, aiming to explore new avenues for investment and trade.
The Evolution of India-UAE
Since Prime Minister Modi’s landmark visit to the UAE in August 2015—the first by an Indian Prime Minister in 34 years—the bilateral relationship has evolved into a Comprehensive Strategic Partnership.
India now stands as the UAE’s second-largest trading partner, while the UAE has become India’s largest trading partner in the Arab world.
Economic Impact and Future Prospects
The economic ties between the two countries are robust,
with total trade projected to hit USD 100 billion by the end of this decade.
In the fiscal year 2022-23, the bilateral trade was approximately USD 85 billion.
Additionally, the UAE is among the top four investors in India concerning Foreign Direct Investments (FDI).
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Conclusion
The recent agreements and high-level interactions between India and the UAE mark a new phase in their strategic partnership.
With a focus on nuclear energy, LNG supply, and food security,
the collaboration is set to strengthen the economic and strategic ties between the two nations.
The continued engagement at the highest levels reflects a shared commitment to mutual growth and prosperity.
