ISIS will figure prominently in talks that Crown Prince Al Nahyan will have with Prime Minister Narendra Modi on Thursday, UAE Ambassador Ahmed Al Banna said.
At least 16 pacts in a wide range of sectors like nuclear energy, oil, Information Technology, aerospace and railways, facilitating billions of dollars of investment by United Arab Emirates (UAE) in India, are likely to be inked during Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayad Al Nahyan's visit beginning Wednesday.
Ways to contain radicalism, stepping up counter-terrorism cooperation and dealing with the ISIS will figure prominently in talks that Mr Al Nahyan will have with Prime Minister Narendra Modi on Thursday, UAE Ambassador Ahmed Al Banna said.
A major focus of the three-day visit by the influential UAE leader, which comes around six months, after Prime Minister Narendra Modi's trip to UAE, will be on stepping up economic ties.
Abu Dhabi, the UAE capital, has a sovereign wealth fund of about Rs 54 lakh crore (USD 800 billion).
India has been eyeing the fund, parked with the Abu Dhabi Investment Authority, for its infrastructure sector and the envoy said
there may be some announcements to this effect during Mr Al Nahyan's visit.
"We have on hand around 16 agreements for cooperation between different ministries and authorities. Out of 16, almost 12 have been finalised and ready for signature. Hopefully all the 16 will be signed," said Mr Al Banna.
The envoy said the agreements will lead to "huge investment portfolio" in diverse areas including renewable energy, oil and gas and some other major sectors.
The pact on nuclear cooperation will provide for
peaceful use of atomic energy as research and development in the area. UAE has similar pact with France and some other countries.
India is UAE's number one trading partner and the annual trade currently stands at around Rs 4 lakh crore (USD 60 billion). UAE, a major player in the Gulf region, is a strategically important country for India.
The country is home to around 26 lakh Indians who constitute nearly 30 per cent of its population. It was the sixth largest supplier of crude oil to India in 2014-15.
Mr Al Banna said PM Modi's visit to his country, after a gap of 34 years by an Indian Prime Minister, has opened a new path in strengthening ties and Mr Al Nahyan's trip will further build on it.
"It (the visit) will reinforce the ongoing relationship and will take us to the next (level) that both sides are looking at which is strategic cooperation, strategic coordination and strategic relationship," the envoy said.
Identifying terrorism as a major threat facing the world, the envoy said both India and UAE are increasing security and counter-terrorism cooperation to deal with the menace.
On the issue of checking radicalism, he said
India and UAE will work "hand in hand to fight them. Yes there will be some cooperation on this".
The Crown Prince of Abu Dhabi will also call on President Pranab Mukherjee.