Prime Minister Narendra Modi with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan forward of their assembly at Hyderabad Home in New Delhi, Monday, September 9, 2024. | Photograph Credit score: PTI
Prime Minister Narendra Modi on Monday (9 September 2024) held wide-ranging talks with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, specializing in boosting general strategic ties between the 2 international locations.
The Crown Prince arrived right here on Sunday (8 September 2024). “A heat welcome for a detailed good friend. Prime Minister @narendramodi obtained His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi at Hyderabad Home,” Ministry of Exterior Affairs spokesperson Randhir Jaiswal was quoted as saying on ‘X’.
“We’ve got forward of us discussions on the whole spectrum of bilateral relations between India and the UAE and future areas of cooperation,” he mentioned.
Following Prime Minister Modi’s historic go to to the UAE in August 2015, bilateral relations between the 2 international locations had been upgraded to a Complete Strategic Partnership.
Learn additionally: PM Modi visits UAE and updates
Each international locations signed a Complete Financial Partnership Settlement (CEPA) in February 2022 and a Native Forex Settlement System (LCS) in July 2023 to advertise using the Indian rupee and the United Arab Emirates dirham (AED) for cross-border transactions.
The 2 international locations are amongst one another’s prime buying and selling companions, with bilateral commerce value about $85 billion in 2022-23, in accordance with official knowledge.
The UAE can be among the many prime 4 buyers in India when it comes to overseas direct investments in 2022-23.
A powerful and vibrant Indian group of roughly 3.5 million individuals constitutes the biggest expatriate group within the UAE.
The United Arab Emirates was invited as a particular visitor to the G20 throughout India’s presidency of the group.
In February 2023, the trilateral cooperation between India, the UAE and France (UFI) was formally launched. With India’s energetic assist, the UAE joined the SCO as a dialogue companion in Could 2023. The UAE additionally joined the BRICS as a member on January 1 with India’s assist. Defence cooperation between India and the UAE has additionally seen a renewed impetus in recent times.
In January 2024, the primary bilateral army train between India and the UAE, “Desert Cyclone”, was held in Rajasthan.
Printed – September 09, 2024 01:11 pm IST