Nuclear Reactors, $200 Bn Trade Target, LNG Deal: Big Outcomes of PM Modi–UAE President Meet

Key Highlights

• The UAE is India's second-largest supplier of LNG to India after Qatar. The two sides also decided to explore collaboration in advanced nuclear technologies, including the development of large nuclear reactors and small modular reactors, as well as cooperation in advanced reactor systems, nuclear power plant operations and maintenance, and nuclear safety. ALSO READ | Car Ride After Airport Pickup: PM Modi’s Personal Gesture for UAE President - See PhotosWhat MEA Said on UAE President Visit Foreign Secretary Vikram Misri said that the UAE leader’s three-and-a-half-hour visit was a short but extremely substantive one amid increasing tensions in the Middle East and trade disruptions caused by Washington's policy on tariffs. Artificial Intelligence was identified as another priority area of cooperation, and it was decided to collaborate on setting up a supercomputing cluster in India with the UAE partnership, Misri said, adding that the Gulf nation will also look at investments for expanding data centre capacities in India. India-US Set Target of USD 200 Billion Trade By 2032 PM Modi with UAE President Sheikh Mohamed bin Zayed Al Nahyan in New DelhiThe foreign secretary said the two sides also set a target of USD 200 billion in annual trade by 2032.
• In 2024-25, the volume of two-way trade between the two sides was USD 100 billion. To boost trade ties, Modi and Al Nahyan directed their teams to work towards interlinking the national payment platforms to enable efficient, fast, and cost-effective cross-border payments. ALSO READ | 'Don't Help Fuel Terror Infrastructure in Our Neighbourhood': Jaishankar's Tough Message to PolandThey also called for the expeditious implementation of key initiatives, such as the 'Bharat Mart', the 'Virtual Trade Corridor’, and the 'Bharat-Africa Setu’, to promote MSME products across the Middle East, West Asia, Africa, and the Eurasia region, according to a joint statement."A letter of intent was signed between the two sides to work towards concluding a framework agreement for a strategic defence partnership between India and the UAE," Misri said. India-US To Work Together in Space Infrastructure The joint statement said the two leaders highlighted deep respect for each other's sovereignty and territorial integrity and the importance of strategic autonomy. It said Modi and Al Nahyan acknowledged steady and strong bilateral defence and security cooperation as a core pillar of the comprehensive strategic partnership. Another letter of intent was also signed for joint work in developing space infrastructure. Under this initiativ.