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India, UAE Seal Defence And Energy Pacts With $5 Billion Investment Pledge

The package strengthens India’s fuel safety net against risks to the Strait of Hormuz.

Overview

  • During Friday’s Abu Dhabi stop, India and the UAE signed new agreements that span defence, energy, shipping and finance in the opening leg of Prime Minister Narendra Modi’s five‑nation tour.
  • A Framework for a Strategic Defence Partnership commits both sides to deepen defence manufacturing, maritime security, cyber defence, training and secure communications.
  • A new ISPRLADNOC pact envisions up to 30 million barrels in India’s emergency oil reserves, paired with an IOCLADNOC deal to secure long‑term LPG supplies used in household cooking.
  • UAE entities pledged about $5 billion for India, including $3 billion from Emirates NBD for RBL Bank, $1 billion from ADIA with NIIF for infrastructure, and $1 billion from IHC for Sammaan Capital.
  • An MoU to create a ship‑repair cluster at Vadinar in Gujarat aims to expand India’s maritime maintenance capacity and skilled jobs while shortening repair turnarounds for vessels.