Blurb
PM Modi’s UAE visit secured historic defense, energy, and $5 billion investment pacts, boosting Indian infrastructure while launching a five-nation European and Middle Eastern tour.
NEW DELHI
Prime Minister Narendra Modi’s high-profile visit to the United Arab Emirates resulted in historic agreements. The two nations signed key pacts to strengthen their strategic defense partnership, secure energy supplies, and inject a massive five billion dollars into India’s economy.
The financial package will boost Indian infrastructure, RBL Bank, and Samman Capital. Additionally, both countries agreed to build a major ship repair cluster at Vadinar. On the energy front, the deals focus heavily on securing a steady supply of LPG and expanding strategic petroleum reserves.
During delegation-level talks in Abu Dhabi, Prime Minister Modi assured UAE President Mohamed bin Zayed Al Nahyan that India stands shoulder-to-shoulder with the UAE in every situation. Amid rising global tensions, Modi emphasized that their strategic cooperation has vastly increased in importance. He also stressed the global impact of the conflict in West Asia, noting that dialogue and diplomacy remain the best path forward. He added that the vital Strait of Hormuz must remain free and open.
The leaders noted that bilateral relations have upgraded rapidly since the UAE President’s visit to India in January. PM Modi thanked the President for taking their comprehensive strategic partnership to new heights, promising joint progress across all sectors.
The UAE trip marks the first stop of Modi’s five-nation European and Middle Eastern tour running until May 20. The diplomatic journey will next take him to the Netherlands, Sweden, Norway, and Italy to deepen India’s economic, green energy, and technology partnerships.