Formal announcement of Modi's UAE visit
12 Aug 2015
- Though the news of PM visiting UAE had been doing rounds for days, the official announcement came only on Tuesday.
- The Ministry of External Affairs said the PM would visit Abu Dhabi and Dubai.
- The two-day trip which begins on 16 Aug, is the first Indian Prime Ministerial visit in 34 years.
- Further, this is Modi's first trip to an Islamic country.
Agenda of PM's trip
13 Aug 2015
- During the visit, Modi will seek enhanced cooperation in energy and trade.
- He would also reach out to investors in the UAE, which has a sovereign wealth fund of more than $800 billion, to promote India as an attractive business destination.
- Security is another major area of cooperation between India and UAE, especially with the emergence of the Islamic State as a global threat.
India-UAE trade relations
- In 2014-15, trade between India and UAE crossed US$59 Bn, with Indian exports worth US$33.3 Bn to the UAE and US$26 Bn worth of UAE's exports to India.
- Indians occupy important positions in business establishments in UAE. The unskilled and semi skilled workers from India are a dominant force in their construction industry.
- Investment from UAE in India has mostly been in real estate.
UAE, a major economic partner
India is UAE’s 2nd largest trading partner and UAE is India’s 3rd largest trade partner. Around 2.6 million Indians live in the UAE and as high as $12 billion annual remittances to India comes from the UAE.
Grand reception awaits the PM
- Indians in the UAE have chalked out grand plans to welcome Narendra Modi.
- The Indian Community Welfare Community (ICWC) is organizing a public reception at the Dubai Cricket Stadium.
- ICWC said that an organizing committee has been formed to make it a grand success
- A website and a Facebook page have been set up to facilitate people's visit to the site of the reception.
PM to address Indian diaspora in UAE visit
14 Aug 2015
- In his two-day trip to the United Arab Emirates, PM Modi will address an audience of 50,000 people in Dubai Cricket Association stadium.
- The typical Indian expat of UAE is a blue collar worker who will eventually return to India, unlike his audience in the US.
- Therefore, Modi has a real opportunity to address their welfare besides improving trade and bilateral relations with UAE.