NEW DELHI: The crown prince of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum, arrived in New Delhi on Tuesday for his first official visit to India, where he met Prime Minister Narendra Modi and members of his Cabinet.
Sheikh Hamdan is on a two-day visit to New Delhi and Mumbai, leading a delegation of ministers, senior government officials and business leaders.
India’s economic ties with Dubai have been growing rapidly since the 2022 UAE-India Comprehensive Economic Partnership Agreement, which has eliminated trade barriers, lowered tariffs and eased business operations, making it easier for companies in both countries to access each other’s markets.
“Dubai has played a key role in advancing the India-UAE Comprehensive Strategic Partnership. This special visit reaffirms our deep-rooted friendship and paves the way for even stronger collaboration in the future,” Modi said on X after the meeting.
Trade volume between Dubai and India was worth about $45.4 billion in 2023, up from $36.7 billion in 2019, data from the emirate’s media office showed.
India was Dubai’s top investor in 2024, with more than $3 billion in foreign direct investment in various sectors, such as business services, software and IT services, consumer products, food and beverages, and real estate.
As of last year, more than 70,000 Indian companies have joined the Dubai Chamber of Commerce.
Dubai, the most populous of the UAE’s seven emirates, is also home to the majority of India’s 4.3 million diaspora in the country.
“It was a pleasure meeting the Prime Minister Narendra Modi today in New Delhi,” Sheikh Hamdan wrote on X.
“Our conversations reaffirmed the strength of UAE-India ties, which are built on trust, shaped by history, and driven by a shared vision to create a future full of opportunity, innovation, and lasting prosperity.”
Sheikh Hamdan, who is also the UAE’s minister of defense, held meetings with his Indian counterpart Rajnath Singh and External Affairs Minister S. Jaishankar.
On the sidelines of the visit, representatives of the Dubai Chamber of Commerce preside over a business forum in Mumbai to explore “new trade and investment prospects” with about 200 industry leaders, the Dubai Media Office said in a statement.
After Delhi, Sheikh Hamdan will visit Mumbai, where he will take part in a roundtable meeting with top business leaders from India and Dubai.