- India and UAE sign strategic energy and defence agreements
- ADNOC to explore crude oil storage in India’s reserves
- India-UAE partnership announced for AI supercomputing cluster
- UAE firms announce multi-billion-dollar investments in India
GG News Bureau
New Delhi, 15th May: India and the United Arab Emirates signed a series of agreements covering energy security, defence cooperation, maritime infrastructure, artificial intelligence and investments during Prime Minister Narendra Modi’s visit to the UAE.
Among the major outcomes was a memorandum of understanding between Indian Strategic Petroleum Reserves Limited and Abu Dhabi National Oil Company for strategic collaboration in crude oil storage.
The agreement explores storage of ADNOC crude oil in India’s strategic petroleum reserves up to 30 million barrels, including participation in facilities at Vishakhapatnam in Andhra Pradesh and development of reserves in Chandikol, Odisha. It also includes potential storage of crude oil in Fujairah in the UAE as part of India’s strategic reserves.
Another strategic collaboration agreement was signed between Indian Oil Corporation Limited and ADNOC to explore long-term supplies of liquefied petroleum gas and related agreements.
India and the UAE also agreed on a framework for a Strategic Defence Partnership focusing on defence industrial cooperation, advanced technologies, maritime security, cyber defence, secure communications, interoperability and military training.
In the maritime sector, Cochin Shipyard Limited signed agreements with Drydocks World to establish a ship repair cluster at Vadinar under India’s Maritime Development Fund Scheme.
A separate tripartite agreement involving Cochin Shipyard, Drydocks World and the Centre of Excellence in Maritime and Shipbuilding aims to strengthen maritime skill development and workforce training.
In the technology sector, India’s Centre for Development of Advanced Computing and UAE-based G42 signed a term sheet to establish an 8 Exaflop supercomputing cluster as part of India’s AI Mission.
The visit also witnessed major investment announcements from UAE entities into India.
The Abu Dhabi Investment Authority and India’s National Infrastructure and Investment Fund will explore investments of up to US$1 billion in India’s infrastructure sector.
Additionally, Emirates NBD announced plans to invest US$3 billion in RBL Bank, while International Holding Company will invest US$1 billion in Sammaan Capital.
The agreements are expected to strengthen India-UAE strategic ties across critical sectors including energy, technology, defence and infrastructure.
