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Ten Years on, India and UAE
Context
The United Arab Emirates (UAE) has historically been a significant destination for Indian entrepreneurs and traders, with Indian nationals contributing to various sectors of the UAE economy. Over the years, Indian investment and entrepreneurship have played a crucial role in shaping the economic landscape of the UAE.
Top of Form
Historical Trade Relations and Indian Entrepreneurship in the UAE:
- Pre-oil Boom Trade: Indian traders historically engaged in trade in the Persian Gulf, particularly in pearl fishery operations and supplying commodities like textiles, spices, and consumables.
- Entrepreneurial Contributions: Indian entrepreneurs played a significant role in various sectors in the UAE, including real estate, healthcare, education, IT, and services, showcasing successful entrepreneurship.
- Investment Patterns: Indians emerged as significant investors in UAE real estate projects, surpassing even citizens of Indian origin from the UK, highlighting the depth of economic ties.
Diplomatic Engagement and Bilateral Relations:
- Historical Neglect: Despite the substantial Indian diaspora and economic contributions, diplomatic engagement between India and the UAE was perceived as inadequate, with the last prime ministerial visit occurring in 1981.
- Transformational Visit: Prime Minister Narendra Modi's visit to the UAE in 2015 marked a turning point, leading to the elevation of bilateral relations to a comprehensive strategic partnership and the signing of significant agreements.
- Progress and Partnerships: Subsequent visits and agreements, including the Comprehensive Economic Partnership Agreement (CEPA), have strengthened bilateral ties, enhancing cooperation in various sectors and fostering mutual trust.
Cultural and Community Engagement:
- Religious Tolerance and Community Integration: The allocation of land for the construction of a temple in Abu Dhabi, as mentioned in the 2015 Joint Statement, symbolizes religious tolerance and the integration of the Indian community.
- Cultural Milestones: The upcoming dedication ceremony at the BAPS Hindu Temple in Abu Dhabi reflects the fulfillment of a commitment made during the 2015 visit, highlighting the cultural dimension of the bilateral relationship.
- Community Outreach: Events like the "Ahlan Modi" summit demonstrate the importance of engaging with the Indian diaspora and fostering strong people-to-people ties between India and the UAE.
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