India UAE Strategic Conclave
15 Oct 2018
Relations between India and UAE have grown ever stronger with four high-level visits between the two countries in the last three years. Both governments have worked to elevate bilateral ties from a buyer-seller relationship to a more strategic nature. The initial impetus came from the comprehensive strategic partnership signed between H.E. Al Nahyan and Prime Minister Modi.
With a strong, shared history, India and the UAE have always had a lot in common. Indeed, UAE’s decision to increase its investments in India to USD 75 billion, including through a dedicated infrastructure fund, signaled a significant uptick in relations between two age-old partners. However, while this vast investment holds much promise to propel industrial growth and facilitate infrastructure building, progress to unlock its full potential has been slow.
India and the UAE are redefining their positions on the world stage. The UAE is looking beyond Europe and the U.S.A., reaffirming its commitment to deepening bilateral economic ties with India. Concomitantly India too is seeking to pursue a path of sustainable economic growth to fortify its position as the world’s fastest growing major economy.