Sun. Jun 16th, 2024
Prime Minister Modi UAE visit

Prime Minister Modi UAE visit

India and the UAE will begin trade settlement in local currencies.

Prime Minister Modi met with the President of the UAE, H.H. Sheikh Mohamed bin Zayed Al Nahyan, in Abu Dhabi on July 15, 2023. They had a private discussion and talked about many different things related to bilateral partnerships.

They discussed topics like trade, investment, fintech, energy, renewable energy, taking action on climate change, higher education, and the connections between their people. They also talked about things happening in the region and around the world.

Prime Minister Modi UAE visit Key Highlights

  • Opening a new IIT Delhi campus in Abu Dhabi.
  • India and the UAE to promote trade settlement using local currencies and interlink payment systems (UPI).
  • India will support the UAE’s COP-28 presidency.
  • $100 billion target for bilateral trade

 

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