India and UAE Sign Key Agreements, Announce $5 Billion Investment

ABU DHABI: India and the United Arab Emirates on Friday signed a number of key agreements in the areas of energy, defence, petroleum reserves, LPG supply and shipping. Abu Dhabi announced a $5 billion investment in India. Prime Minister Narendra Modi is in the UAE for talks with President Mohammed bin Zayed Al Nahyan. These include energy cooperation between the Indian Strategic Petroleum Reserve Limited and the Abu Dhabi National Oil Company. A separate strategic cooperation agreement for LPG supplies was also signed. India stands ready to provide all possible assistance for peace: PM India and the UAE have also signed agreements on a ship repair centre at Vadinar in Gujarat, development of ports and coastal infrastructure, as well as a skill development programme. Prime Minister Narendra Modi condemned the attacks on the UAE in the conflict in West Asia.