Prime Minister Narendra Modi and the United Arab Emirates signed several important agreements on energy, defence and investment during Modi’s visit to Abu Dhabi on Friday.
India and the UAE signed an agreement on supplies of Liquified Petroleum Gas (LPG) to ensure stable long-term fuel availability for India. The two countries also signed an MoU on Strategic Petroleum Reserves aimed at strengthening India’s energy security during global supply disruptions and market uncertainty.
Another major agreement was signed on the Framework for the Strategic Defence Partnership, further strengthening bilateral strategic and security cooperation. The agreement focuses on defence coordination, maritime security, military training and strategic collaboration between the two countries.
The two sides also signed an MoU on setting up a Ship Repair Cluster at Vadinar in Gujarat. Officials said the project is expected to support maritime infrastructure development and improve ship repair and logistics capabilities.
During the visit, the UAE announced investments worth nearly $5 billion in Indian infrastructure projects, along with investments in RBL Bank and Samman Capital. The investments are expected to support sectors including logistics, ports, urban infrastructure and financial services.
Officials said discussions mainly focused on energy security and regional stability as tensions in West Asia continue to impact global crude oil markets. India imports a large share of its oil and gas requirements from the Gulf region.
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