09-Sep-2024, 02:21 PM
On September 9, 2024, Prime Minister Narendra Modi welcomed Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, during his two-day maiden visit to India. The meeting took place at Hyderabad House in New Delhi, where both leaders engaged in discussions aimed at strengthening bilateral relations between India and the United Arab Emirates (UAE).
Focus on Bilateral Relations
The talks between Modi and Al Nahyan emphasized the deepening ties between India and the UAE across various sectors, including trade, investment, technology, and cultural exchange. The UAE is one of India’s key partners in the Gulf region, and the Comprehensive Strategic Partnership established in 2015 has significantly enhanced cooperation between the two nations. During the meeting, both leaders acknowledged the historical ties that bind India and the UAE, noting the importance of collaboration in areas such as energy, education, and connectivity. The External Affairs Ministry highlighted that the partnership has evolved to encompass a wide range of areas, which is crucial for both nations’ economic growth and security.
Economic Cooperation
The bilateral trade between India and the UAE reached approximately USD 85 billion in the fiscal year 2022-23, making the UAE one of India’s top trading partners. In February 2022, both countries signed a Comprehensive Economic Partnership Agreement (CEPA), which aims to facilitate trade and investment flows. Additionally, the introduction of a Local Currency Settlement (LCS) System in July 2023 has further enhanced economic ties by allowing transactions in Indian Rupees and UAE Dirhams.
Engagement with Indian Community
During his visit, Sheikh Khaled is also expected to engage with the Indian community in the UAE, which plays a vital role in strengthening people-to-people connections. The Crown Prince’s itinerary includes a visit to Rajghat to pay tribute to Mahatma Gandhi, reflecting the respect for India’s cultural heritage.
Conclusion
The meeting between PM Modi and Crown Prince Al Nahyan underscores the commitment of both nations to enhance their partnership. As the UAE continues to be a significant player in the Middle East, strengthening ties with India is crucial for mutual growth and stability in the region. The discussions held during this visit are expected to pave the way for further collaboration in various fields, reinforcing the long-standing friendship between India and the UAE.
