In a bid to boost their strategic ties, India and the UAE on Wednesday signed more than a dozen pacts in key areas like defence, security, trade and energy apart from a comprehensive strategic partnership agreement after the bilateral talks between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan.
However, much-anticipated pact pertaining to the USD 75 billion investment fund, committed by the UAE, was not among the fourteen pacts which were signed.
Al Nahyan, who arrived in New Delhi on Tuesday, accompanied by a high-level delegation comprising ministers, senior officials and captains of industry, will be the Chief Guest at the Republic Day parade tomorrow.
Terming his discussions as “fruitful and productive”, Modi, at a joint press event with the UAE leader, said the discussions were wide ranging covering the entire spectrum of the bilateral engagement.
“We have shaped an ambitious roadmap of engagement to make our comprehensive strategic partnership purposeful and action oriented. The agreement that was exchanged just now has institutionalised this understanding,” Modi said.
Asserting that security and defence cooperation have added growing new dimensions to the ties, he said their closer ties are of importance, not just to both the countries but also of significance to the entire neighbourhood.
He also said convergence between the two countries can help stabilise the region and the economic partnership can be a source of regional and global prosperity.
“We exchanged views on developments in West Asia and the Gulf, where both countries have a shared interest in peace and stability. We also discussed developments in our region, including Afghanistan,” Modi said, adding the two shared concerns on growing threat from radicalism and terrorism.
However, the two sides did not sign a pact pertaining to the USD 75 billion investment as was hoped by Ministry of External Affairs (MEA) officials yesterday. According to the officials, the talks on that issue are in an “advanced stage”
(With inputs from the PTI)