India, UAE Target $200 Billion Trade by 2032, Deepen Strategic Ties

• India and the UAE aim for a $200 billion bilateral trade target by 2032, strengthening their economic partnership.
• Agreements were formalized during UAE President Sheikh Mohamed bin Zayed Al Nahyan's visit to India, covering energy, defence, space, and technology.
• HPCL and ADNOC Gas signed a 10-year LNG supply agreement, enhancing India's energy security from 2028.
• A Letter of Intent for a Strategic Defence Partnership and space cooperation agreements were signed, boosting collaboration in manufacturing, technology, and private sector involvement.
• Plans include establishing a supercomputing cluster in India, offices for FAB and DP World in GIFT City, and a 'House of India' in Abu Dhabi.

Why It Matters: India and the UAE are significantly expanding their partnership beyond hydrocarbons, targeting $200 billion trade by 2032.