INDIA- UAE RELATIONS

NEWS: India and the UAE have set a target to double bilateral trade to USD 200 billion by 2032 while reaffirming their joint commitment to combat terrorism in all its forms after high-level discussions.

Highlights:

• Target set to raise bilateral trade to USD 200 billion by 2032.
• Builds on the India–UAE Comprehensive Economic Partnership Agreement (CEPA), 2022 to enhance trade in goods, services, and investments.

Energy Cooperation

• USD 3 billion LNG deal: ADNOC Gas to supply LNG to HPCL for 10 years.
• India becomes the largest LNG customer of the UAE.
• Cooperation in civil nuclear energy and wider energy infrastructure.

Other

• Letter of Intent to conclude a Strategic Defence Partnership.
• Joint condemnation of terrorism in all its forms and manifestations.
• Establishment of the House of India in Abu Dhabi to showcase Indian art, heritage, and archaeology.