UAE

PM Modi Strengthens Bilateral Relations with UAE Through Strategic Agreements

Prime Minister Narendra Modi's visit to the UAE marks a historic moment in the collaboration between the two nations, with the signing of multiple agreements to enhance financial systems and technology partnerships.

Prime Minister Shri Narendra Modi's official visit to the UAE has been met with a warm reception, setting the stage for significant developments in bilateral relations. During his visit, agreements were finalized between India and the UAE to integrate their financial systems and bolster their technology and innovation partnership. The signing of 10 memoranda of understanding signifies a milestone in the history of India-UAE relations, paving the way for closer cooperation and shared prosperity.

At the Ahlan Modi event, further pacts were inked, focusing on digital payments and the interlinking of UPI and UAE's AANI platforms. This move towards seamless cross-border transactions highlights the progressive nature of the partnership between the two countries. The launch of the UPI RuPay card service by Prime Minister Narendra Modi and UAE's President Sheikh Mohamed bin Zayed Al Nahyan underscores a new era of cooperation and connectivity.

The visit also saw the conclusion of significant agreements, including the interlinking of instant payment platforms UPI and AANI. This development streamlines financial transactions between India and the UAE, facilitating smoother cross-border trade. Additionally, NRIs in the UAE can benefit from tax advantages on mutual fund investments, leveraging the double taxation avoidance agreement between the two countries.

Prime Minister Narendra Modi's visit has not only strengthened the bond between India and the UAE but has also paved the way for deeper collaboration in various sectors, enhancing the trade and economic ties between the two nations.