"Hopefully, we will finalise this new and broad agreement during the visit to India of His Highness Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on January 26," Navdeep Singh Suri, Ambassador of India to the UAE said.
An agreement to this effect opens the doors to new areas of bilateral co-operation, Suri told the Khaleej Times.
"Of course, we are talking about translating into reality the commitment made by the UAE government to invest USD 75 billion into India's infrastructure. I have a broad menu in front of me and I hope that in the next year or two, I am able to move our agenda forward in concrete and tangible ways," he said.
Suri said bilateral trade between India and the UAE is in the range of USD 58 billion. India remains UAE's largest trading partner and the UAE is the third largest trading partner to India after China and the US.
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He said the visit of the Crown Prince will truly be a milestone. "Every year India receives 30 or 40 heads of state or heads of governments. Over all, we have 90 plus high-level visitors to India each year but only one of them is chosen to be a chief guest for the Republic Day. This is an indication of the importance that India is giving to this relationship," Suri said.
In terms of the symbolism that when we have His Highness Shaikh Mohammed bin Zayed with us, it is significant," he said.
India and the UAE are also in the process of finalising major agreements, he said without elaborating.
A contingent from the UAE Air Force is expected to participate at the Republic Day Parade. "It is a matter of great joy for us that they will be marching side by side with their Indian counterparts and that again is a very visual symbol of the closeness between the two countries," he added.