13 C
New Delhi
Wednesday 19 February 2020

India has found a valuable partner in UAE: PM Modi

With robust flow of bilateral investments and an annual bilateral trade of about $ 60 billion, the UAE is the third-largest trade partner of India

Abu Dhabi: Prime Minister Narendra Modi on Saturday discussed ways to improve trade and cultural ties between India and the UAE with the Crown Prince of Abu Dhabi.

Welcoming Modi, the crown prince, Sheikh Mohammed bin Zayed Al Nahyan, expressed gratitude to his “brother” for visiting “his second home”.

“Had an excellent meeting with His Highness Crown Prince @MohamedBinZayed. We spoke about multiple subjects, including ways to improve trade and people-to-people relations between India and UAE,” Modi tweeted after the meeting.

The prime minister also said the crown prince’s “personal commitment” to strenghten the bilateral relations is “very strong”.

External Affairs Ministry spokesperson Raveesh Kumar said there was a “new energy” in the relationship between the two leaders. He quoted the crown prince as saying, “I am so grateful that my brother is coming to his second home.”

Kumar tweeted, “Special gesture from a special friend

After the completion of a short but remarkable visit to UAE, as a special gesture HH Crown Prince @MohamedBinZayed sees off PM @narendramodi as he embarks for Manama, Bahrain on the third leg of his 3-nation visit.”

With robust flow of bilateral investments and an annual bilateral trade of about $ 60 billion, the UAE is the third-largest trade partner of India. It is also the fourth-largest exporter of crude oil for India.

In an interview to the UAE’s official news agency, WAM, Modi said India has found a “valuable partner” in the UAE to achieve its ambitious dream of becoming a $ 5 trillion economy by 2024-25. He said the UAE-India relations are “at their best ever”, adding that the UAE investments in key sectors in India are growing.

“There has been an increasing interest in investments in India in sectors ranging from renewable energy, food, ports, airports, defence manufacturing and other sectors. UAE investments in infrastructure and housing (sectors) are being enhanced,” Modi said. Both the countries are working closely and vigorously to implement the commitment of $ 75 billion investment by the UAE in India, he said.

Stay on top - Get daily news in your email inbox

Sirf Views

Tapas Pal, A Death No One Would Genuinely Condole

In 1980, after Bengali film superstar Uttam Kumar died, Dadar Kirti of Tarun Majumdar was released after Durga Puja. The voice...

Must India Invest In Donald Trump?

As many of his cabinet picks know, to their eternal regret and shame, his commitment lasts only as long as you are gullible

Protesters Need Economic Education, Mr Bhagwat

There is no escape from misery unless teams of economic educators convince all sections of society socialism is the cause of their distress

BJP Could Not Have Won With This Approach To Delhi

From not paying attention to the corruption-ridden MCD to aloof leaders whose houses witnessed no activity during campaigns, BJP went all wrong in the Delhi assembly election

AAP Win In Delhi Was Foregone Conclusion: 5 Reasons

The five factors that contributed to the AAP victory have been arranged in the decreasing order of relevance; the first three will remain constant for a few more Delhi elections

Related Stories

Leave a Reply

For fearless journalism

%d bloggers like this: