India-UAE bilateral relations have received impetus from time-to-time with exchange of high-level visits from both sides. The historic visit of Hon'ble Prime Minister of India to UAE on 16-17 August 2015 marked the beginning of a new and comprehensive and strategic partnership. In the Joint Statement issued after the visit, both leaders agreed to work together not only to consolidate achievements in the existing domains but also to explore newer areas of cooperation. H.H. Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces, visited India from February 10 – 12, 2016 on a State visit and had wide-ranging discussions on bilateral, regional and multilateral issues of mutual interest and reached a broad consensus and signed MoUs/agreements pertaining to (i) facilitation of Institutional Investors in infrastructure, (ii) cooperation in Renewable energy, (iii) cooperation in combating Cyber-crimes, (iv) Cultural exchange, (v) Space, (vi) Skill Development, (vii) Insurance and (viii) Currency swaps.