Brotherly relations between India and the UAE have grown stronger in recent times. What are the key reasons behind this growth?
The United Arab Emirates and the Republic of India share a longstanding and robust strategic partnership, woven from the threads of cultural and economic connections that have flourished over many years. The official visit of Prime Minister Narendra Modi to the UAE last July marked the initiation of a new chapter in our relations, characterised by heightened cooperation and a strategic partnership, promising a future filled with boundless potential for both nations.
Our diplomatic efforts, dating back to the early 1970s, have transformed our relationship into a comprehensive strategic partnership, spanning sectors such as energy, space and information technology—all aligned with our shared vision for the future.
The elevation of the UAE-India relationship to the status of a Comprehensive Strategic Partnership in 2017 during the visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan as the chief guest at India’s Republic Day ceremony was a significant milestone. Today, this partnership has evolved into a robust collaboration, evident in cross-cultural and economic ties, increased tourist visits, closer people-to-people connections and a substantial presence of Indian and UAE companies operating in each other’s domains. According to FDI Markets, 217 UAE firms have invested in India, and 698 Indian companies have invested in the UAE since 2003.
Our economic partnership, a cornerstone of our collaboration, has led to bilateral trade reaching approximately $60 billion. The UAE stands as one of India’s leading trading partners, and our commitment remains unwavering to expand and diversify our economic cooperation.
Bu hikaye THE WEEK India dergisinin February 25, 2024 sayısından alınmıştır.
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Bu hikaye THE WEEK India dergisinin February 25, 2024 sayısından alınmıştır.
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