India-UAE to promote new markets via Bharat Mart, Virtual Trade Corridor and Bharat-Africa Setu

India and the UAE announce multiple outcomes during a bilateral visit, including a trade target and new initiatives to promote new markets. The two sides also announce cooperation in civil nuclear technologies, digital/data embassies, AI-linked supercomputing, defence cooperation, and an LNG supply agreement.

India–UAE Visit: Announcements, Agreements :

Dimension	Key Details
Trade target	Provides for doubling bilateral trade to over US$ 200 billion by 2032.
Initiatives for promoting new markets	Bharat Mart, Virtual Trade Corridor, and Bharat-Africa Setu.
Civil nuclear cooperation focus	Exploring partnerships in advanced nuclear technologies, including Small Modular Reactors (SMRs) and nuclear safety.
SHANTI Act 2025	Governed by enactment of the SHANTI Act 2025 in the context of civil nuclear cooperation follow-up.
Digital/Data embassies	A Digital/Data embassy is an offshore centre where a nation-state stores its critical digital data; provides for digital continuity and sovereignty against cyberattacks, natural disasters, or geopolitical conflicts.
AI & supercomputing	Collaboration for a supercomputing cluster under AI India Mission.
Strategic Defence Partnership (MoU/LoI)	Framework for deepened defence cooperation across technology, training, and cyber domains.
Energy supply agreement	Sales & Purchase Agreement provides for 0.5 MTPA LNG supply from ADNOC Gas to HPCL for 10 years.
CEPA	India and UAE signed the Comprehensive Economic Partnership Agreement (CEPA) in 2022.
Trade level after CEPA	CEPA is associated with boosting bilateral trade to nearly USD 100 billion by FY 2024–25.
UAE trade rank for India	Consistently India's third-largest trading partner and second-largest export destination.
Energy relationship	India’s major crude oil and LNG & LPG supplier.
Strategic Petroleum Reserves (SPR)	UAE provides assistance to India in strengthening its Strategic Petroleum Reserves (SPR).