New Delhi: India and the United Arab Emirates have agreed to double bilateral trade to $200 billion by 2032, unveiling a wide-ranging set of commercial and strategic outcomes covering energy security, defense cooperation, space, food exports, investment, and advanced computing.
The agreements were inked during UAE President Sheikh Mohamed bin Zayed Al Nahyan's one-day state visit to New Delhi. A key outcome on the energy front was the signing of a Sales and Purchase Agreement between Hindustan Petroleum Corporation Limited (HPCL) and ADNOC Gas.
Under the agreement, India will receive LNG supplies for a period of 10 years beginning 2028, strengthening long-term energy security amid volatile global gas markets. The two nations also signed a Letter of Intent on a Strategic Defense Partnership, signalling closer collaboration in defense manufacturing, technology, and capability development.
India and the UAE also agreed to promote bilateral civil nuclear cooperation and explore the establishment of “digital/data embassies”, reflecting deeper trust in sensitive and future-facing sectors.
Beyond trade and strategic cooperation, the two sides announced plans to establish a ‘House of India’ in Abu Dhabi, a cultural space showcasing Indian art, heritage and archaeology, and to promote youth exchanges, adding a soft-power dimension to the partnership.
'Committed to fostering economic growth'Concluding his three-hour visit to New Delhi, UAE President Sheikh Mohamed bin Zayed Al Nahyan said in a post on X that he was pleased to meet PM Narendra Modi and expressed commitment to foster sustainable development and economic growth with mutual bilateral cooperation. "Today I was pleased to meet with Indian Prime Minister Narendra Modi in New Delhi to discuss opportunities to further strengthen the deep-rooted and historical ties of cooperation between our countries," he said. "Today I was pleased to meet with Indian Prime Minister Narendra Modi in New Delhi to discuss opportunities to further strengthen the deep-rooted and historical ties of cooperation between our countries," he said. |
