Prime Minister Narendra Modi and Crown Prince Mohamed Bin Zayed AI Nahyan have agreed to “promote strategic partnership in the energy sector, including through UAE’s participation in India in the development of strategic petroleum reserves, upstream and downstream petroleum sectors, and collaboration in third countries”. The visit of an Indian prime minister to the UAE after 34 years marks the beginning of a comprehensive strategic partnership between the two countries “in a world of multiple transitions and changing opportunities and challenges”. The UAE, which has a large workforce of expatriate Indians, provides financial capital and technical know-how that can help India fulfil many of its growth requirements.
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Denounce and oppose terrorism in all forms and manifestations, and calling on all states to reject and abandon the use of terrorism against other countries, dismantle terrorism infrastructures where they exist, and bring perpetrators of terrorism to justice, it said.
It additionally stated that the 2 nations have the potential to construct a transformative financial partnership, not just for sustained prosperity of their two nations, however to additionally advance progress in the area.
Like the UAE, India has signed defence agreements with several countries in the region including Bahrain, Saudi Arabia, Qatar, and Oman.
Both sides will facilitate regular exchanges of religious scholars and intellectuals and organise conferences and seminars to promote the values of peace, tolerance, inclusiveness and welfare that is inherent in all religions, it added.
After Prime Minister Narendra Modi held wide-ranging talks with UAE leadership both in Abu Dhabi and Dubai, a raft of announcements were made to strengthen defence and security cooperation between the two countries.
The joint statement released at the end of the visit highlighted the two sides’ resolve to collaborate and share information to suppress “radicalization activities” and “illegal flows” to assure “social harmony”.
The governments will “cooperate in manufacture of defence equipment in India”, the statement said without elaborating. Support efforts for peaceful resolution of conflicts and promote adherence to principles of sovereignty and non-interference in the conduct of relations between nations and settlement of disputes BUSINESS.
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Mr Modi, who is working to fulfil an electoral promise of completely reforming the Indian economy, left this country with an agreement to raise $75 billion through the UAE-India Infrastructure Investment Fund. The money will be spent on much-needed capital projects such as railways, airports, roads and industrial corridors. Promote cooperation in space including in joint development and launch of satellites ground-based infrastructure and space application.
