United Arab Emirates leader and Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan is on 3 day India visit from today along with seven ministers that is expected to witness signing of a landmark civil nuclear cooperation pact among agreements across sectors, including a deal on security and information sharing to combat terrorists.
During his visit, Al Nahyan will be holding bilateral talks with Indian Prime Minister Narendra Modi and also call on Indian President Pranab Mukherjee, according to a statement issued by India’s external affairs ministry. The nuclear cooperation agreement will be India’s first such pact with any West Asian nation.
The two countries are expected to sign about 16 agreements, including one on civil nuclear agreement. These include a pact on civil nuclear cooperation involving power stations and setting up research and development centres,” the UAE’s envoy to India Ahmed AR Albanna told in New Delhi on Monday.
The United Arab Emirates (UAE) is India’s 3rd largest trading partner, the bilateral trade between the two countries was valued at $59 billion in 2014-2015. The UAE is also among the top investors in India and was the the 6th largest supplier of crude oil to India in 2014-2015.
The UAE is the largest market in the West Asia for Indian products. Earlier, in September last year, UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan visited India for the 11th meeting of India-UAE Joint Commission For Economic and Technical Cooperation that was co-chaired by India’s foreign affairs ministry. The two sides discussed setting up joint Research and Development ventures in science and technology and stepping up UAE investments in India’s manufacturing sector.