‘Ahlan Modi’ mega diaspora tournament in UAE on February 13

High Minister Narendra Modi is decided to accommodate the “Ahlan Modi” mega diaspora tournament in Abu Dhabi on February 13. Translated as “welcome” in Arabic, the tournament is poised to be one of vital gatherings of the Indian diaspora, with an estimated 50,000 attendees. At 3.3 million, the UAE is home to vital sequence of Indian diaspora wherever on the earth.

This tournament comes correct before the inauguration of the BAPS Hindu Mandir on February 14, where High Minister Modi will officiate the ceremony. The muse stone of the Hindu Mandir modified into once laid on April 20, 2019. The history of this mission traces encourage to the consult with of High Minister Narendra Modi in 2015, within the course of which the UAE Govt disbursed the land for the Mandir.

Over the previous years, India-UAE members of the family have viewed outstanding improve, with both nations actively intriguing in excessive-level visits and diplomatic exchanges. UAE President Mohamed bin Zayed Al Nahyan is scheduled to consult with India subsequent week for the vibrant Gujarat buyers summit, underscoring the importance of business cooperation.

Since 2014, High Minister Modi has made six visits to the UAE, one of the vital present being in December for the Dubai native climate replace summit. These visits have played a pivotal characteristic in elevating the bilateral relationship, with India-UAE replace reaching original heights. In the intervening time valued at spherical US$ 73 billion, the replace quantity has grown tremendously from the modest US$ 180 million per annum within the Seventies.

India’s exports to the UAE have surged, making it the second-greatest export destination after the United States. Transactions have exceeded US$ 28 billion for the 365 days 2021-22. Each and every nations signed the Entire Financial Partnership Settlement (CEPA) in 2022, extra solidifying their financial collaboration.

The UAE has emerged as a big investor in India, contributing an estimated US$ 20-21 billion, with US$ 15.18 billion in International Convey Funding (FDI). This places the UAE as the Seventh greatest investor in India in terms of FDI, reflecting the boldness in India’s financial capability.