During Prime Minister Narendra Modi's short visit to the United Arab Emirates on May 15, 2023, significant agreements were reached that enhance India's strategic and economic ties with the UAE. The two nations signed a framework agreement for a Strategic Defence Partnership, which aims to deepen military cooperation amid growing regional uncertainties. Additionally, a memorandum of understanding was established for the supply of Liquefied Petroleum Gas (LPG), reinforcing India's long-term energy security. The UAE also committed $5 billion in investments towards Indian infrastructure and financial institutions, reflecting strong investor confidence in India's growth potential.

PM Modi highlighted the importance of dialogue in resolving tensions in West Asia and reaffirmed India's support for peace in the region, emphasizing the strategic significance of the Strait of Hormuz for global trade. The visit marks the beginning of Modi's five-nation diplomatic tour, which includes stops in the Netherlands, Sweden, and Norway to discuss various topics including technology, green growth, and defence cooperation.