In a boost to India’s energy security, several MoUs have been signed during PM Narendra Modi’s UAE visit on Friday. PM Modi’s visit to the UAE amid the ongoing US-Iran conflict and global crude oil price shock holds particular significance.According to an ANI report, several key agreements and investment commitments were announced during the trip. Among the major outcomes was an agreement establishing a framework for a strategic defence partnership between India and the UAE.The two sides also signed a memorandum of understanding related to strategic petroleum reserves, along with an agreement concerning supplies of liquefied petroleum gas (LPG).Another important development was the signing of an MoU for the creation of a ship repair cluster at Vadinar.In addition, investments worth $5 billion were announced for Indian infrastructure projects as well as in RBL Bank and Samman Capital.PM Modi also conducted delegation-level discussions with Sheikh Mohamed bin Zayed Al Nahyan during his visit to the United Arab Emirates. Upon arriving in Abu Dhabi, PM Modi was welcomed with a ceremonial guard of honour.On Friday, Modi departed for Abu Dhabi as part of a five-country tour scheduled from May 15 to May 20. The visit includes stops in the UAE, Netherlands, Sweden, Norway and Italy. The trip is aimed at strengthening India’s strategic ties in areas such as trade, energy, technology, innovation and green growth, while further expanding engagement with Europe and the Gulf region.This story is being updated
