India-UAE push for stronger bilateral ties, investment at BRICS summit
Crown Prince Khaled, heir to UAE President Mohamed bin Zayed, is representing the Emirates at the BRICS Summit as his father was away on a visit to Germany.
India and the United Arab Emirates (UAE) have been seeking to strengthen their bilateral ties and increase investments, especially with the emergence of UAE's sovereign fund, L’Imad, and a major investment deal in an aluminium project in Odisha. Prime Minister Narendra Modi and Abu Dhabi Crown Prince Khaled bin Mohamed held discussions on the margins of the BRICS Summit. Crown Prince Khaled, representing the UAE, was in attendance as his father was away on a visit to Germany.
The leaders highlighted the potential of various sectors, including defence, artificial intelligence, space, critical minerals, energy, food security, and connectivity, to deepen the partnership. Modi emphasized the strong India-UAE ties as a symbol of stability, prosperity, and peace during a time of uncertainty in West Asia. The two countries are aiming to raise their ambitions in their relationship over the past few years.
Notably, UAE's International Holding Company (IHC) plans to invest $11.5 billion in a greenfield aluminium project in Odisha, with IHC and Adani Enterprises Limited sharing a 50% stake in the joint venture. This project is expected to position Odisha as a global aluminium manufacturing hub. The Indian side has been engaging with the UAE leadership throughout the West Asia conflict to ensure continued energy supplies and support for the 4 million Indians residing in the Emirates.
Written by urgent.news from Hindustan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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