PM met President Sheikh Mohamed bin Zayed Al Nahyan and signed energy and defense deals worth $5 billion. UAE and India signed an agreement on the Strategic Defence Partnership, further strengthening security cooperation. Also, an MoU was signed on LPG supplies, cooperating in the energy sector. Both countries signed an MoU on establishing a Ship Repair Cluster and 5$ billion investment in RBL Bank, Samman Capital and Indian infrastructure.
MoU on Petroleum Reserves Between India and the UAE
The MoU on Strategic Petroleum Reserves means an operational and diplomatic framework for energy corporations between the two countries on storing and building emergency crude oil supplies.
PM Modi's Short visit to Abu Dhabi
PM Modi's visit to Abu Dhabi was seen as an opportunity to discuss the four-million diaspora welfare and storage of energy supplies. During the West Asia conflicts, India has reached out to major energy suppliers in West Asia.
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