Prime Minister Narendra Modi visited the United Arab Emirates amid the global energy crisis and signed major agreements on LPG supply, strategic petroleum reserves, defence cooperation and investments. During talks with UAE President Mohamed bin Zayed Al Nahyan, Modi stressed the need to keep the Strait of Hormuz free and open and backed dialogue to resolve Middle East tensions. The visit comes as India faces rising fuel prices and energy supply concerns linked to the ongoing regional conflict.
Key Agreements Signed
The two leaders inked several pacts aimed at bolstering bilateral ties. A long-term LPG supply agreement will ensure stable fuel deliveries to India, while a deal on strategic petroleum reserves enhances energy security. Defence cooperation was also strengthened through joint exercises and technology sharing. Investment pacts focus on infrastructure, renewable energy, and technology sectors.
Strategic Importance
Modi emphasized the criticality of the Strait of Hormuz for global energy supplies, calling for unimpeded maritime traffic. He supported diplomatic efforts to de-escalate regional tensions, which have disrupted oil flows and pushed up global prices. The UAE is a key partner for India in the Gulf region, with significant trade and diaspora links.
This visit underscores India's proactive diplomacy to secure energy needs amid geopolitical uncertainties. The agreements are expected to provide relief to domestic fuel markets and strengthen India's strategic reserves. Defence ties will enhance maritime security in the Indian Ocean region.
The pacts also open new avenues for investment, with UAE sovereign funds committing to infrastructure projects in India. Both sides agreed to expedite the India-UAE Comprehensive Economic Partnership Agreement negotiations. The visit marks a milestone in the strategic partnership, with both nations committed to stability and prosperity.
