Prime Minister Narendra Modi arrived in Abu Dhabi on his second day of four-day visit to West Asian countries.
Meanwhile, US President Donald Trump's Jerusalem move causing loss of mediator's credibility in the Middle East crisis has given a fillip to India's position in the global arena.
Modi said he is "proud to be renewing friendship and support to Palestine" and that his country "holds on to the nobility of the Palestinian people's interests" and hoped for establishing the independent Palestinian state by peaceful means.
Indian Prime Minister Narendra Modi also toured the Yasser Arafat Museum which contains articles associated with the life of the great leader of Palestine. He will interact with the Indian community at an event at the Dubai Opera.
Modi is now on his four-day Middle East tour, which includes visits to Palestine, the United Arab Emirates and Oman.
"We count on India's role as an worldwide force of great prestige and weight", Abbas said, noting "its rising power at the strategic and economic levels" that could "contribute to the achievement of a just peace in our region". Not only does India import much of its oil from the Middle East, but Modi is also wooing these countries for much-needed investments, especially the UAE, which has committed billions of dollars in sectors such as health care and infrastructure.
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"We warmly welcome our state guest and valued friend, the Indian Prime Minister H.E.@narendramodi to the UAE".
The Indian Premier will be meeting Sultan Qaboos bin Said of Oman during the visit.
In August 2015, Modi became the first Indian government leader to visit the UAE in 34 years.
In early January India backed a United Nations resolution condemning US President Donald Trump's recognition of Jerusalem as capital of the Jewish state.
In discussions with several officials in Ramallah, who spoke on conditions of anonymity, it appears that the Palestinian leadership sees in the Indian Prime Minister's visit an opportunity to seek his assistance in pushing forward the deadlocked peace process. However, senior sources in Israel said on condition of anonymity that India had sounded them off about it long time back, much ahead of Netanyahu's visit to Delhi.
In UAE, PM Modi will have bilateral talks with His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, on Saturday evening, followed by a signing ceremony of agreements and MoUs and a banquet hosted by Shaikh Mohammad Bin Zayed in honour of Modi.