India offers support for peace in West Asia as PM Modi signs energy, defence deals with UAE
The UAE has announced investments worth USD 5 billion in India, Modi said.
PTI
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PM Narendra Modi & UAE President Sheikh Mohamed bin Zayed Al Nahyan during delegation-level talks (PTI)
Abu Dhabi, 15 May
India is ready to extend all possible support to bring peace in West Asia, Prime Minister Narendra Modi said on Friday, during his talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan, as both sides signed agreements to firm up strategic collaborations in the areas of energy, defence and technology.
The UAE
has also announced investments worth USD 5 billion in India, Modi said.
The
Modi-Al Nahyan meeting took place shortly after the prime minister landed in
the Gulf nation in the first leg of his five-nation tour that also includes
four European countries.
The UAE was a roughly two-and-a-half-hour stopover for the prime minister, following
which he left for the Netherlands.
"We
condemn the attacks on the UAE," Modi said in his opening remarks in the
meeting with the UAE leader.
The UAE,
which hosts a prominent US military base, has been at the receiving end of
Iranian strikes during the ongoing US-Israeli war on Iran that started on 28 February.
Modi
further said, "The way the UAE has been targeted is not acceptable”, but “the
way the UAE has handled the current situation with restraint is praiseworthy."
The prime
minister highlighted how the impact of the West Asian conflict is being felt
globally, adding: "India is ready to extend all possible support to bring
peace in West Asia."
During the
meeting, the two leaders inked strategic collaborations in seven broad areas.
“This UAE
visit also saw the conclusion of key agreements across vital areas such as
energy, defence, infrastructure, shipping and advanced technology, giving fresh
impetus to the India-UAE Comprehensive Strategic Partnership,” Modi said on
social media.
“In
another important development, the UAE announced investments worth USD 5 billion in
India. This will further deepen economic ties,” he said.
According
to the Ministry of External Affairs (MEA), the Indian Strategic Petroleum
Reserves Limited - a public sector company responsible for maintaining the
country's strategic petroleum reserves - has signed a deal with the Abu Dhabi
National Oil Co aimed at “strategic collaboration”.
It is
aimed at energy security, “enhancing India’s petroleum reserves and potential
cooperation on Liquid Natural Gas and Liquid Petroleum Gas (LPG) storage
facilities,” it said.
The two
leaders also signed a strategic collaboration pact in LPG, aimed at long-term supply of the most widely used cooking fuel in India, economic stability and
energy partnership.
The
ongoing conflict in West Asia has heightened concerns in India over potential
disruptions to crude oil and gas supplies, particularly through the Strait of
Hormuz, a critical shipping route for the country’s energy imports.
They also
signed a framework for a strategic defence partnership aimed at strengthening
defence industrial collaboration, boosting innovation and sharing of
technology, and strengthening national and regional security, the MEA said.
The fourth
collaboration concerns the setting up of a ship repair centre in Gujarat’s
Vadinar and to boost ports and coastal infrastructure, while the fifth one
concerns an arrangement on skill development in ship repair, the ministry said.
The sixth
one is about setting up a supercomputer cluster to bolster India’s AI ambitions, and the seventh one is a USD 5 billion investment commitment to create stronger
markets and more jobs. “It underscores the UAE’s sustained commitment to India’s
development and growth story,” the MEA said.
Friday’s
discussions also revolved around the blue economy, technology, including
fintech, defence and people-to-people ties, among others.
All of
these were wrapped up in around two and a half hours.
While
leaving, Modi said: “Concluding a short but highly productive visit to the UAE.
Held extensive discussions with my brother, His Highness Sheikh Mohamed bin
Zayed Al Nahyan, on ways to further deepen the India-UAE Comprehensive
Strategic Partnership. I am confident that the outcomes of this visit will
further strengthen our friendship and contribute to growth and prosperity.”
Earlier on
Friday, PM Modi was received at the airport in Abu Dhabi by Al Nahyan,
reflecting the importance of the visit. The Indian leader was also accorded a
guard of honour. In a special gesture, his aircraft was escorted by military
jets of the UAE.
The visit
coincided with widening differences among Gulf powers over oil production
policies, the Strait of Hormuz blockade and regional alignments involving
Israel and Iran. The changing geopolitical dynamics in West Asia - increasingly
shaped by the UAE, Saudi Arabia and Iran - have added fresh complexity to
India’s strategic and diplomatic calculations in the region.
Following the UAE leg of the tour, Modi will travel to the Netherlands, Sweden, Norway, and Italy for meetings aimed at strengthening cooperation in areas including trade, technology, investment and green transition initiatives.
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