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International Secretary Vinay Kwatra, addressing a press convention, mentioned either side are taking a look at firming up understandings in areas of ports, logistics, vitality safety, vitality commerce and digital area, amongst others.
The Modi-Al Nahyan talks are scheduled to happen on Tuesday.
“We’re additionally trying to see if we will arrive at an understanding on investments within the discipline of digital infrastructure, preparations for the safety and promotion of capital flows,” he mentioned.
Kwatra mentioned there could also be some understanding for cooperation within the domains of ports and maritime sphere.
“For the reason that digital cooperation between our two economies is a crucial aspect of the partnership, we’re additionally trying to see if we will arrive at an understanding on investments within the discipline of digital infrastructure,” he mentioned. Kwatra mentioned the 2 sides are additionally analyzing attainable cooperation within the areas of maritime heritage in addition to on fintech merchandise and railways. “At present the 2 sides are busy discussing varied agreements that may very well be finalised throughout the go to,” Kwatra mentioned, including he was not able to share extra particulars.
It will be the prime minister’s seventh go to to the UAE since 2015, the Ministry of Exterior Affairs (MEA) mentioned on Saturday, saying the journey.
Modi and Al Nahyan are additionally prone to trade views on regional and worldwide problems with mutual curiosity.
The prime minister may even meet with Sheikh Mohammed bin Rashid Al Maktoum, the vp, prime minister and defence minister of the UAE.
At his invitation, the prime minister will take part within the World Authorities Summit 2024 on Wednesday in Dubai because the visitor of honour and ship a particular keynote tackle on the summit.
Modi may even inaugurate the BAPS Mandir, the primary Hindu temple in Abu Dhabi.
The prime minister is scheduled to deal with the Indian group within the UAE at an occasion in Zayed Sports activities Metropolis.
Following the landmark go to of Modi to the UAE in August 2015, bilateral relations between the 2 international locations had been elevated to a Complete Strategic Partnership.
Each international locations signed a Complete Financial Partnership Settlement (CEPA) in February 2022 and a Native Forex Settlement (LCS) System in July 2023 to advertise using Indian Rupee and AED (United Arab Emirates Dirham) for cross-border transactions.
The 2 international locations are amongst one another’s prime buying and selling companions with a bilateral commerce of about USD 85 billion in 2022-23, in keeping with official knowledge.
The UAE can also be among the many prime 4 buyers in India when it comes to overseas direct investments in 2022-23.
About 3.5 million sturdy and vibrant Indian group kinds the biggest expatriate group within the UAE.
The UAE was invited as particular invitee for G20 throughout India’s Presidency of the grouping.
In Feb 2023, the India-UAE-France (UFI) trilateral was formally launched.
With India’s energetic assist, the UAE joined SCO as dialogue associate in Could 2023. The UAE additionally joined BRICS as a member on January 1 with India’s assist.
The India-UAE defence cooperation can also be on an upswing in the previous few years.
In January 2024, the primary India-UAE bilateral military train ‘Desert Cyclone’ was held in Rajasthan.
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