Prime Minister Shri Narendra Modi addressed the Motion of Thanks for President's Address today in Rajya Sabha.Prime Minister said that the  aim  of $ 5 trillion economy is ambitious but we have to think big and move ahead.  “Let me reassure you that India's economy is strong. India is pursuing a dream of $ 5 trillioneconomy with full speed and full potential”, the Prime Minister said.

Prime Minister emphasised that to fulfil the dream$ 5 trillion economy the government is focussing on village and city infrastructure, MSMEs, textiles, technology and tourism.Several steps have been taken to take all these sectors forward. All the processes including tax structure have been simplifiedto give momentum to Make in India. These steps will ensure new enthusiasm in the country about manufacturing.The merger policy in the banking sector has already started yielding meaningful results. 

Small towns are the foundation of New India 

Prime Minister stated that the most aspirational youth of the country lives in the small town which is also the foundation of the new India.“Today more than half of the digital transactions in the country are taking place in small cities. Half of the startups being registered in the country are in Tier-2, Tier-3 cities. That is why we are focussing on the construction of modern infrastructure in Tier-2, Tier-3 cities at a rapid pace. Highway and rail connectivity are being rapidly improved”, the Prime Minister said.

100 more airports by 2024 

Prime Ministersaid that recently250th route was launched under UDAN scheme. This has made   air connectivity affordable and accessible in 250 small cities of India.“From independence to 2014 where there were only 65 operational airports in the country, they have increased to more than 100 in the last 5 years. The target is to develop 100 more airports by 2024, mostly in Tier-2, Tier-3 cities”, Prime Minister said.

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List of Outcomes: Visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of UAE to India
January 19, 2026
S.NoAgreements / MoUs / LoIsObjectives

1

Letter of Intent on Investment Cooperation between the Government of Gujarat, Republic of India and the Ministry of Investment of the United Arab Emirates for Development of Dholera Special Investment region

To pursue investment cooperation for UAE partnership in development of the Special Investment Region in Dholera, Gujarat. The envisioned partnership would include the development of key strategic infrastructure, including an international airport, a pilot training school, a maintenance, repair and overhaul (MRO) facility, a greenfield port, a smart urban township, railway connectivity, and energy infrastructure.

2

Letter of Intent between the Indian National Space Promotion and Authorisation Centre (IN-SPACe) of India and the Space Agency of the United Arab Emirates for a Joint Initiative to Enable Space Industry Development and Commercial Collaboration

To pursue India-UAE partnership in developing joint infrastructure for space and commercialization, including launch complexes, manufacturing and technology zones, incubation centre and accelerator for space start-ups, training institute and exchange programmes.

3

Letter of Intent between the Republic of India and the United Arab Emirates on the Strategic Defence Partnership

Work together to establish Strategic Defence Partnership Framework Agreement and expand defence cooperation across a number of areas, including defence industrial collaboration, defence innovation and advanced technology, training, education and doctrine, special operations and interoperability, cyber space, counter terrorism.

4

Sales & Purchase Agreement (SPA) between Hindustan Petroleum Corporation Limited, (HPCL) and the Abu Dhabi National Oil Company Gas (ADNOC Gas)

The long-term Agreement provides for purchase of 0.5 MMPTA LNG by HPCL from ADNOC Gas over a period of 10 years starting from 2028.

5

MoU on Food Safety and Technical requirements between Agricultural and Processed Food Products Export Development Authority (APEDA), Ministry of Commerce and Industry of India, and the Ministry of Climate Change and Environment of the United Arab Emirates.

The MoU provides for sanitary and quality parameters to facilitate the trade, exchange, promotion of cooperation in the food sector, and to encourage rice, food products and other agricultural products exports from India to UAE. It will benefit the farmers from India and contribute to food security of the UAE.

S.NoAnnouncementsObjective

6

Establishment of a supercomputing cluster in India.

It has been agreed in principle that C-DAC India and G-42 company of the UAE will collaborate to set up a supercomputing cluster in India. The initiative will be part of the AI India Mission and once established the facility be available to private and public sector for research, application development and commercial use.

7

Double bilateral Trade to US$ 200 billion by 2032

The two sides agreed to double bilateral trade to over US$ 200 billion by 2032. The focus will also be on linking MSME industries on both sides and promote new markets through initiatives like Bharat Mart, Virtual Trade Corridor and Bharat-Africa Setu.

8

Promote bilateral Civil Nuclear Cooperation

To capitalise on the new opportunities created by the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act 2025, it was agreed to develop a partnership in advance nuclear technologies, including development and deployment of large nuclear reactors and Small Modular Reactors (SMRs) and cooperation in advance reactor systems, nuclear power plant operations and maintenance, and Nuclear Safety.

9

Setting up of offices and operations of UAE companies –First Abu Dhabi Bank (FAB) and DP World in the GIFT City in Gujarat

The First Abu Dhabi Bank will have a branch in GIFT that will promote trade and investment ties. DP World will have operations from the GIFT City, including for leasing of ships for its global operations.

10

Explore Establishment of ‘Digital/ Data Embassies’

It has been agreed that both sides would explore the possibility of setting up Digital Embassies under mutually recognised sovereignty arrangements.

11

Establishment of a ‘House of India’ in Abu Dhabi

It has been agreed in Principle that India and UAE will cooperate on a flagship project to establish a cultural space consisting of, among others, a museum of Indian art, heritage and archaeology in Abu Dhabi.

12

Promotion of Youth Exchanges

It has been agreed in principle to work towards arranging visits of a group of youth delegates from either country to foster deeper understanding, academic and research collaboration, and cultural bonds between the future generations.