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PM Modi's UAE Visit Yields $5 Billion Deals in Defence, Energy

PM Modi's UAE visit secured a Strategic Defence Partnership agreement and energy deals including LPG supplies. Investments worth $5 billion were announced in Indian infrastructure and banks. The visit is part of Modi's five-nation tour covering Europe and the Gulf. He also held talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan.

Key Points: PM Modi UAE Visit: $5B Deals in Defence, Energy

  • India-UAE sign Strategic Defence Partnership agreement
  • Energy cooperation boosted with LPG and petroleum reserves deals
  • $5 billion investment announced in Indian infrastructure and banks
  • PM Modi begins five-nation tour covering UAE, Netherlands, Sweden, Norway, Italy
2 min read

PM Modi's UAE visit yields defence, energy deals, $5 bn investment commitment

PM Modi's UAE visit secures defence partnership, energy deals, and $5 billion investment in Indian infrastructure and banks.

"Prime Minister Narendra Modi's visit to the United Arab Emirates on Friday resulted in major agreements and investment announcements across defence, energy, infrastructure and banking sectors. - News Report"

Abu Dhabi, May 15

Prime Minister Narendra Modi's visit to the United Arab Emirates on Friday resulted in major agreements and investment announcements across defence, energy, infrastructure and banking sectors.

According to the announced outcomes of the visit, India and the UAE signed an Agreement on Framework for the Strategic Defence Partnership, further strengthening bilateral strategic and security cooperation.

The two countries also signed a Memorandum of Understanding on Strategic Petroleum Reserves and an agreement on supplies of Liquefied Petroleum Gas (LPG), boosting cooperation in the energy sector.

In the maritime sector, both sides signed an MoU on setting up a Ship Repair Cluster at Vadinar.

In a major investment announcement, investments worth USD 5 billion were announced in Indian infrastructure as well as in RBL Bank and Samman Capital.

Prime Minister Narendra Modi also held delegation-level talks with the UAE President Sheikh Mohamed bin Zayed Al Nahyan. On his arrival, he was accorded a guard of honour as he landed in Abu Dhabi.

Prime Minister Narendra Modi on Friday emplaned for Abu Dhabi as part of his five-nation tour from May 15-20, covering the United Arab Emirates (UAE), the Netherlands, Sweden, Norway and Italy, aimed at deepening India's strategic partnerships across trade, technology, energy, innovation and green growth, while reinforcing New Delhi's expanding engagement with Europe and the Gulf region.

After the UAE, PM Modi will travel to the Netherlands from May 15-17, where he is scheduled to hold talks with Dutch Prime Minister Rob Jetten and meet King Willem-Alexander and Queen Maxima. The visit is expected to focus on sectors such as semiconductors, green hydrogen, innovation, defence and water management.

The Prime Minister will then visit Sweden on May 17-18 and hold bilateral talks with Swedish Prime Minister Ulf Kristersson. The two leaders are also expected to jointly address the European Round Table for Industry along with European Commission President Ursula von der Leyen.

Discussions are expected around AI, emerging technologies, green transition and resilient supply chains.In Norway, PM Modi will participate in the 3rd India-Nordic Summit in Oslo on May 19 and hold bilateral talks with Norwegian Prime Minister Jonas Gahr Støre. The summit will also see participation from leaders of Denmark, Finland, Iceland and Sweden.

- ANI

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Reader Comments

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Priyanka N
Good to hear about the Vadinar ship repair cluster — that's in Gujarat, right? Will create jobs for local communities. But I hope these deals are transparent and benefit common people, not just big corporates. Let's see the implementation now.
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James A
Impressive that PM Modi is visiting 5 countries in just 6 days — Netherlands, Sweden, Norway, Italy and UAE. This shows India is serious about building partnerships across Europe and the Gulf. The Nordic summit on green hydrogen and AI is especially relevant for the future.
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Kavitha C
Why is the government always talking about investment commitments but not showing concrete results? $5 billion is a big number but where exactly will it go? Infrastructure in rural areas? Or just more flyovers in cities? Honestly, I'm tired of these announcements without follow-up.
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Arjun K
Modi ji's diplomacy is top-notch. UAE is our biggest trading partner in the Gulf and this visit will only strengthen ties. The strategic petroleum reserves deal is key — with global oil prices fluctuating, having reserves gives us bargaining power. Full support for this proactive foreign policy! 🙏
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Raghav A
The visit to Netherlands for semiconductors is very promising! With the global chip shortage and India's goal to become a semiconductor hub, partnerships with Dutch companies could be game-changing. Also, green hydrogen with Nordic countries fits our renewable energy targets. Smart strategy overall.

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