New Delhi, May 16 -- Prime Minister Narendra Modi and UAE President Sheikh Mohammed bin Zayed Al Nahyan on Friday signed a wide-ranging set of agreements spanning defence, energy, trade, technology, and maritime cooperation, anchored by a USD 5 billion investment commitment from UAE entities into India.

The UAE's USD 5 billion investment is structured across three deals. Emirates NBD will invest USD 3 billion in RBL Bank, while the Abu Dhabi Investment Authority (ADIA) will deploy USD 1 billion alongside National Infrastructure & Investment Fund of India (NIIF) in priority infrastructure projects. International Holding Company will invest USD 1 billion in Sammaan Capital (India).

Energy Security Deepened

The two leaders signed a Strate...