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    UAE can play vital role in Narendra Modi's vision of USD 5 trillion economy, says official

    Synopsis

    Narendra Modi's subsequent two visits to the UAE in February 2018 and August 2019 and, visits of Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan to India in February 2016 and January 2017 as the chief guest on the Republic Day celebration had made the bilateral relations more cordial, added UAE Ambassador to India Ahmed Albanna.

    The bilateral relations between India and the UAE have strengthened after the first visit of Modi to the UAE in August 2015.
    DHARAMSHALA: The United Arab Emirates (UAE) can play a vital role in achieving Prime Minister Narendra Modi's vision of making India a USD 5 trillion economy by 2025, UAE Ambassador to India Ahmed Albanna said.

    Participating in the inaugural session of Himachal Rising Global Investors' Meet at Dharamshala on Thursday, Albanna said, "The UAE is the third largest business partner of India after the USA and China."

    The bilateral relations between India and the UAE have strengthened after the first visit of Modi to the UAE in August 2015, he noted.

    Modi's subsequent two visits to the UAE in February 2018 and August 2019 and, visits of Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan to India in February 2016 and January 2017 as the chief guest on the Republic Day celebration had made the bilateral relations more cordial, he added.

    The trade between the two countries has reached to 60 billion dollars in 2018-19 from a mere 185 million dollars in 1980, he added.

    Three millions Indians are living in the UAE, he mentioned.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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    3 Comments on this Story

    Monoranjan Bezboruah328 days ago
    UAE and India expansive relationship across the Board is truly a Win Win ethos. Hopefully, the trajectory is straight up.
    Ramesh Shah329 days ago
    BETTER THE PM TAKES ALL THAT''S POSSIBLE FROM THE UAE..... TIME DIFFERENCE IS OUR GAINS..... ALL CLOSEBY AFFAIRS...... EVEN THE 5/7 TRILLION US D ECONOMIES NOT TOO FAR OFF......
    Anoop Aggarwal329 days ago
    It is Modi''s diplomacy which has brought UAE closer to India.
    The Economic Times