Terming their ties as “time- tested”, India and the UAE resolved to further intensify wide-ranging bilateral engagements including in strategic areas of security, defence, energy and decided to come up with an action plan by June to increase bilateral trade by 60 per cent over the next five years.
Prime Minister Narendera Modi and Crown Prince of Abu Dhabi Sheikh Mohammed Bin Zayed Al Nahyan, who was the chief guest on 68th Republic Day, held comprehensive dialogue in New Delhi.
In a joint statement issued on Thursday, Modi appreciated the support extended by UAE on specific issues of security concern to India.
The two sides also agreed to enhance cooperation in the fields of law enforcement, anti- money laundering, smuggling of fake currency, drug trafficking, human trafficking, illegal migration and other transnational organised crimes.
The statement also stressed on both the nations agreeing to provide further impetus to defence relations, including through joint exercises, training of naval, air and land forces, as also in the area of coastal defence and through participation in defence exhibitions etc.
Expressing satisfaction at the progress achieved in the eighth round of Joint Defence Cooperation Committee talks held in Abu Dhabi in December 2016, the two sides agreed to hold the next meeting of the Joint Defence Cooperation Committee this year.
India and the UAE expressed common resolve to bolster cooperation and exchanges on countering piracy in their shared maritime domain in the Gulf and the Indian Ocean regions and to exchange experiences in maritime security, including joint anti-piracy training and exercises, the joint statement said.
Besides, Prime Minister Modi thanked the UAE Armed Forces for their participation in the Republic Day parade.
The two leaders reviewed the progress in realising the USD 75 billion target for UAE investments in India’s plans for rapid expansion of next generation infrastructure development with Modi inviting the UAE’s participation in India’s National Infrastructure Investment Master Fund as an anchor investor.
With a strong presence of Indian community in the UAE, the two sides agreed to hold the next Meeting of India-UAE Joint Committee on Manpower Issues in the first half of 2017 and to work towards early conclusion of a revised MoU on labour and manpower.
Modi also thanked the visiting leader for the consistent support expressed by the UAE for India’s candidature for permanent membership in a reformed and expanded UN Security Council.
Extending an invitation to the President and the Prime Minister to visit the UAE, Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan, said he was honoured to share the celebrations with the Indian people who had sent a message to the rest of the world by celebrating diversity in unity.
“I am very delighted and honored to share Republic Day celebrations with the Indian people,” said a tweet on MBZNews, the official Twitter account of Al Nahyan.
“UAE’s participation in Republic Day celebrations reflects the depth of our ties which are based on mutual respect & common interests,” he added.
(With inputs from the PTI)