India and the United Arab Emirates announced $5 billion in fresh investment commitments and expanded cooperation across energy, defence, infrastructure and technology during Prime Minister Narendra Modi’s visit to the UAE.
Foreign Secretary Vikram Misri said PM Modi conveyed India’s ‘strongest condemnation’ of the attacks that struck the UAE, expressing solidarity with the country’s leadership and people. Modi also reiterated the need for unimpeded transit through the Strait of Hormuz and called for an end to attacks on shipping vessels and mariners.
On energy, the two countries agreed to increase UAE participation in India’s strategic petroleum reserves to 30 million barrels. They also launched talks to create strategic gas reserves in India and to secure long-term LPG offtake supply agreements.
New investment commitments totaling about $5 billion were announced, including Emirates NBD Bank’s stake in RBL Bank, the Abu Dhabi Investment Authority’s investment in the National Infrastructure Investment Fund (NIIF), and International Holding Company’s investment in Samman Capital of India. Misri noted that over the past 25 years the UAE has been India’s seventh-largest investor.
A framework for a strategic defence partnership was concluded, covering defence manufacturing, defence technology, equipment and industrial collaboration. In maritime cooperation, Cochin Shipyard Limited signed an agreement with Dubai’s Drydocks World.
In technology, officials signed a term sheet to establish an 8-exaflop supercomputing facility in India to support the country’s AI mission and related infrastructure.
The MAITRI virtual trade corridor between Indian and UAE ports was operationalised to boost efficiency in maritime commerce and logistics.
The visit reinforced deepening strategic and economic ties, spanning investment, energy security, defence cooperation, digital infrastructure and trade facilitation.