UAE pledges over 5 billion for India after Modi visit with bold bank deal and energy expansion

UAE investment hits India banking for the first time

UAE President Mohamed bin Zayed Al Nahyan personally received Prime Minister Narendra Modi at the airport as the Indian leader departed for the Netherlands, underscoring close diplomatic ties. India’s ambassador Deepak Mittal said Modi’s short UAE visit produced investment announcements of over $5 billion (more than Rs 47,000 crore). A standout element is a first-ever UAE push into India’s banking sector, led by Emirates NBD’s $3 billion. Additional commitments include $1 billion each from ADIA for infrastructure via NIIF and from IHC into Samman Capital, alongside deepening energy cooperation.