Sheikh Khaled is scheduled to meet President Droupadi Murmu and pay tribute to Mahatma Gandhi at Rajghat...
Digital Desk: The Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, embarked on a two-day maiden visit to India on Monday, aimed at strengthening bilateral ties between the two nations. The visit, which follows an invitation from Prime Minister Narendra Modi, marks a significant step in enhancing cooperation across various sectors.
Sheikh Khaled arrived in New Delhi on Sunday and was warmly welcomed by PM Modi at Hyderabad House on Monday. The meeting underscored the deepening relationship between India and the United Arab Emirates (UAE). The External Affairs Ministry referred to Sheikh Khaled as a "close friend," highlighting the strong diplomatic bond shared by the two leaders.
During his visit, Sheikh Khaled is scheduled to meet President Droupadi Murmu and pay tribute to Mahatma Gandhi at Rajghat. His delegation includes several UAE ministers and a business group, reflecting the multifaceted nature of the visit.
Following his engagements in Delhi, Sheikh Khaled will travel to Mumbai to attend a business forum on Tuesday. The forum will feature top business leaders from both nations and aims to explore new avenues for economic collaboration.
The relationship between India and the UAE has been historically strong and recently elevated to a Comprehensive Strategic Partnership during PM Modi’s visit to the UAE in August 2015. This partnership encompasses a wide range of areas, including politics, trade, investment, energy, technology, education, and culture. The Comprehensive Economic Partnership Agreement (CEPA) signed in February 2022 and the introduction of a Local Currency Settlement (LCS) System in July 2023 underscore the ongoing efforts to bolster economic ties. The LCS system facilitates transactions using the Indian Rupee and the UAE Dirham, further strengthening economic integration.
With bilateral trade reaching approximately USD 85 billion in 2022-23, and the UAE being one of India's top foreign direct investors, the visit highlights the robust and growing economic relationship between the two countries.
Leave A Comment