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PM Modi’s 2024 India-UAE Visit – Key Agreements

Santhosh Kumar 21/02/2024
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PM Modi's 2024 India-UAE Visit - Key Agreements mind map Recent News Visit Date February 2024 When Timeline Fourth meeting in seven months Between PM Modi and UAE President Why Purpose of Visit Strengthen bilateral relationship Improve future business and technology partnerships What Total Agreements 10 MoUs and agreements signed Key Sectors Energy, Infrastructure Investments, Archive management Specific Agreements Electricity Interconnection and Trade Focus on green hydrogen Energy storage Cooperation on energy security Inter-governmental Framework Agreement For IMEC (India-Middle East-Europe Economic Corridor) Regional connectivity Alternative to China's BRI Connects India, UAE, Saudi Arabia, Jordan, Israel, Europe Cooperation in Digital Infrastructure Projects Investment cooperation Sharing of technical knowledge Bilateral Investment Treaty Protecting investments Advances capital flow objectives Development of National Maritime Heritage Complex (NMHC) Support Maritime Heritage Complex at Lothal, Gujarat Cooperation Protocol Between National Library and Archives of UAE And National Archives of India Restoration and preservation of archival material Interlinking of Payment Platforms UPI (India) and AANI (UAE) Facilitate cross-border transactions Inter-linking of Domestic Debit/Credit Cards RuPay (India) with JAYWAN (UAE) Build financial sector cooperation Where Location United Arab Emirates (UAE) Who Key Figures Narendra Modi Prime Minister of India Sheikh Mohamed bin Zayed Al Nahyan President of UAE Organizations Indian and UAE Governments How Methodology High-level diplomatic meetings Collaboration in various sectors Pros Benefits Enhances India-UAE economic ties Promotes regional connectivity and security Encourages technological and infrastructural development Challenges Potential Concerns Maintaining balance in geopolitically sensitive region Way Forward Future Steps Implementation of agreements Continued diplomatic engagements Monitoring progress and cooperation

In February 2024, Indian Prime Minister Narendra Modi’s visit to the United Arab Emirates (UAE) marked a significant advancement in bilateral relations with the signing of 10 Memoranda of Understanding and agreements. These agreements, signed with UAE President Sheikh Mohamed bin Zayed Al Nahyan, cover various sectors including energy, infrastructure, investments, and archive management. Key areas of focus included the development of the India-Middle East-Europe Economic Corridor (IMEC) for regional connectivity, cooperation in digital infrastructure, and the interlinking of payment platforms like UPI and AANI. This visit and the agreements signed are pivotal in enhancing economic ties, promoting regional security and connectivity, and fostering technological and infrastructural development between India and the UAE.

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