In recent years, the relationship between India and the UAE has soared to unprecedented heights, marked by a series of significant high-level visits and collaborative efforts across various sectors.
Prime Minister Narendra Modi’s imminent two-day visit to the UAE underscores the robust foundation of bilateral relations and the mutual commitment to fostering economic prosperity and strategic partnerships.
Since July 2023, the two nations have witnessed five notable high-level exchanges, symbolizing the deepening ties between India and the UAE. During PM Modi’s previous visit to Abu Dhabi, a plethora of Memoranda of Understanding (MOUs) were inked, encompassing vital areas such as local currency settlement, renewable energy, innovative healthcare solutions, and advanced payment systems.
Furthermore, the recent visit of UAE President Mohamed bin Zayed Al Nahyan to Gujarat resulted in the signing of several pivotal agreements, further solidifying the collaborative efforts between the two nations.
India and the UAE stand as prominent trading partners, with bilateral trade reaching approximately $85 billion during the fiscal year 2022-23, according to official statistics. Moreover, the UAE ranks among the top four investors in India, showcasing the depth of economic engagement between the two countries.
The significance of this burgeoning partnership was underscored by the UAE’s special invitation to the G20 Summit during India’s Presidency, highlighting the country’s growing stature on the global stage. In addition, the formal launch of the India-UAE-France (UFI) trilateral in February 2023 exemplifies the expanding scope of cooperation among these nations.
India’s proactive support has further bolstered the UAE’s integration into regional frameworks, as evidenced by its accession as a dialogue partner to the Shanghai Cooperation Organization (SCO) in May 2023, and its membership in BRICS starting January 1, 2023.
The defense collaboration between India and the UAE has also witnessed remarkable progress, culminating in the inaugural India-UAE bilateral army exercise ‘Desert Cyclone’ held in Rajasthan in January 2024. This joint military endeavor signifies the commitment of both nations to enhancing security cooperation and promoting regional stability.
As Prime Minister Modi embarks on this pivotal visit to the UAE, it heralds a new chapter in the enduring friendship and strategic partnership between India and the UAE. With a shared vision for inclusive growth and mutual prosperity, the future holds immense promise for further deepening and diversifying the multifaceted relationship between these two dynamic nations.