NewKerala.com

India-UAE Defence, Energy Pacts and $5B Investment Deal Sealed

India and the UAE signed key agreements on defence, energy, and investment during PM Modi's visit. A $5 billion investment deal was inked for Indian infrastructure, RBL Bank, and Samman Capital. PM Modi emphasized dialogue and diplomacy for resolving West Asia conflicts. The visit is part of PM Modi's five-nation tour covering UAE, Netherlands, Sweden, Norway, and Italy.

Key Points: India-UAE Defence, Energy Pacts, $5B Investment

  • India-UAE sign defence partnership framework
  • $5 billion investment deal in Indian infrastructure
  • LPG supply and strategic petroleum reserves agreement
  • Ship repair cluster at Vadinar agreed upon
  • PM Modi begins five-nation tour from UAE
2 min read

PM Modi's visit results in India-UAE defence, energy pacts, $5 billion investment deal

PM Modi's UAE visit yields defence, energy pacts, and $5 billion investment deal, strengthening India-UAE strategic partnership.

"India stands shoulder-to-shoulder with the UAE in every situation, and it will continue to do so. - PM Narendra Modi"

New Delhi, May 15

India and the United Arab Emirates signed key agreements, during the visit of Prime Minister Narendra Modi on Friday, on a framework for the bilateral strategic defence partnership, the supply of LPG and strategic petroleum reserves, and an investment to the tune of $5 billion US dollars in Indian Infrastructure and RBL Bank and Samman Capital.

An agreement was also signed for setting up a ship repair cluster at Vadinar.

Speaking during delegation-level talks in Abu Dhabi, Prime Minister Narendra Modi said, "India stands shoulder-to-shoulder with the UAE in every situation, and it will continue to do so. For the restoration of peace and stability, India will extend all possible cooperation."

He said it was important that the Strait of Hormuz remains "free and open" and added that international laws must be respected.

The Prime Minister thanked UAE President Mohamed bin Zayed Al Nahyan for strengthening the India-UAE comprehensive strategic partnership and said bilateral cooperation had gained greater importance in the current global situation.

PM Modi said both sides had agreed during the UAE President's January visit to India to qualitatively upgrade relations and had already made significant progress in a short span.

"I extend heartfelt gratitude to you for taking our comprehensive strategic partnership to new heights. During your visit to India in January, we agreed to qualitatively upgrade our relations. Even in such a small duration, we have made significant progress in all matters. In the kind of situation we have at hand today, the importance of India-UAE strategic cooperation has vastly increased. In the time to come, we will go ahead together in every area," he observed.

PM Modi said the impact of the conflict in West Asia was being felt globally and stressed that dialogue and diplomacy remain the best way to resolve issues.

The Prime Minister arrived in the UAE earlier in the day and received a ceremonial welcome. Later, he held bilateral talks with UAE President Mohamed bin Zayed Al Nahyan, popularly known as MBZ.

Prime Minister Narendra Modi began his five-nation tour from May 15 to 20, covering the UAE, the Netherlands, Sweden, Norway and Italy. The visit aims to deepen India's strategic and economic partnerships across key sectors, including energy, defence, technology, green transition and trade.

- IANS

Share this article:

Reader Comments

P
Priya S
Modi ji's five-nation tour is impressive! UAE is a key partner for energy security. The strategic petroleum reserves deal will protect us from global oil shocks. India's diplomacy is getting stronger under his leadership. 🇮🇳🇦🇪
J
James A
As an expat in the Gulf, I see these deals positively. But India should also focus on labor rights for our workers in UAE. They form the backbone of our relationship. Hope the ship repair cluster at Vadinar creates local jobs.
S
Siddharth J
The Strait of Hormuz being free and open is critical for our oil imports. Glad PM raised this. But I hope the defence partnership isn't just about buying weapons - we need technology transfer and joint manufacturing too. Make in India! 🛠️
M
Michael C
Good diplomatic move during West Asia tensions. But India should maintain balanced relations with Iran and Israel too. Dialogue and diplomacy are indeed the way forward. Hope this translates into lower fuel prices for us common folks. 😅
K
Kavya N
PM Modi's personal rapport with MBZ is yielding results. From January visit to now, progress in just 4 months! The comprehensive strategic partnership is real. But let's see how much of this $5 billion actually reaches ground level infrastructure.
D
David E
While these pacts are good, India should also focus on renewable energy partnerships. UAE has big

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50