Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, who arrived in New Delhi, acquired a heat welcome on Sunday. Commerce and Trade Minister Piyush Goyal acquired the Crown Prince on the airport following which he was accorded a ceremonial welcome, in reflection of the significance India has connected to the go to.
“A brand new milestone in a historic relationship. His Highness Sheikh Khaled bin Zayed Al Nahyan arrived in Delhi on his first official go to to India,” Exterior Affairs Ministry Spokesperson Randhir Jaiswal stated on ‘X’.
“Warmly acquired by @CimGOI @piyushgoyal and accorded a ceremonial welcome,” he stated.
Key assembly between PM Modi and Crown Prince
Prime Minister Modi and the Crown Prince will maintain talks on Monday. In addition to bilateral points, the 2 leaders are additionally anticipated to deliberate on the general state of affairs arising out of the Israel-Hamas battle. The visiting chief can also be scheduled to name on President Droupadi Murmu.
He’ll go to Rajghat to pay tributes to Mahatma Gandhi. The crown prince kick-started a two-day maiden go to to India to additional increase bilateral ties in a spread of areas, together with vitality and connectivity, amid escalating tensions in West Asia. The Crown Prince is accompanied by a number of ministers from the UAE authorities and a enterprise delegation.
Massive enterprise offers on the agenda
After concluding the Delhi leg of his go to, Al Nahyan will journey to Mumbai to take part in a enterprise discussion board. High enterprise leaders from each international locations will take part within the discussion board on Tuesday. The go to of Al Nahyan will additional reinforce sturdy ties between India and the United Arab Emirates (UAE) and open avenues for partnership in new and rising areas, the Ministry of Exterior Affairs (MEA) stated.
Following the landmark go to of Modi to the UAE in August 2015, bilateral relations between the 2 international locations have been elevated to a Complete Strategic Partnership.
Complete financial partnership between India and UAE
Each international locations signed a Complete Financial Partnership Settlement (CEPA) in February 2022 and a Native Foreign money Settlement (LCS) System in July 2023 to advertise using Indian Rupee and AED (United Arab Emirates Dirham) for cross-border transactions.
UAE among the many high 4 traders in India
The 2 international locations are amongst one another’s high buying and selling companions with a bilateral commerce of about USD 85 billion in 2022-23, in accordance with official knowledge. The UAE can also be among the many high 4 traders in India when it comes to overseas direct investments in 2022-23.
About 3.5 million sturdy and vibrant Indian neighborhood types the most important expatriate group within the UAE. The UAE was invited as a particular invitee for G20 throughout India’s Presidency of the grouping.
In February 2023, the India-UAE-France (UFI) trilateral was formally launched. With India’s energetic assist, the UAE joined SCO as a dialogue companion in Might 2023. The UAE additionally joined BRICS as a member on January 1 with India’s assist.
The India-UAE defence cooperation has additionally witnessed a renewed momentum in the previous couple of years. In January 2024, the primary India-UAE bilateral military train ‘Desert Cyclone’ was held in Rajasthan.
(With PTI inputs)
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