Dubai: The agreements were witnessed by UAE President Mohamed bin Zayed Al Nahyan and Prime Minister Modi, highlighting the growing depth of ties between the two countries across key sectors of the economy and technology.

Among the major agreements signed was a Strategic Collaboration Agreement between Indian Strategic Petroleum Reserves Limited and ADNOC aimed at enhancing cooperation in strategic petroleum reserves. Another key pact saw Indian Oil Corporation Limited partner with ADNOC on long-term LPG supply cooperation.

In the defence sector, both countries exchanged an agreement establishing a framework for a Strategic Defence Partnership between the UAE Ministry of Defence and India’s Ministry of Defence, signalling deeper military and security cooperation.

Technology and artificial intelligence also emerged as a major focus area. A term sheet was exchanged between G42, Mohamed bin Zayed University of Artificial Intelligence and Centre for Development of Advanced Computing to establish an advanced 8-exaflop supercomputing cluster in India, marking a significant milestone in AI and high-performance computing collaboration.

Maritime cooperation was also strengthened through an MoU between Cochin Shipyard Limited and Drydocks World to develop a ship repair cluster at Vadinar in India. A separate agreement involving the same entities and CEMS focused on skill development in the ship repair sector.

The visit also saw the announcement of major investment commitments from UAE-based institutions into India. Emirates NBD
announced an investment worth Dh11.02 billion (₹28,300 crore) to acquire a 60 per cent stake in RBL Bank.

Meanwhile, Abu Dhabi Investment Authority (ADIA) committed Dh3.67 billion (₹9,440 crore) to India’s National Investment and Infrastructure Fund, while International Holding Company (IHC) announced an investment of Dh3.67 billion to acquire an equity stake in Sammaan Capital.