PM Modi, Saudi Crown Prince hold bilateral talks; review trade and investment, defence and security

India is Saudi Arabia’s second largest trading partner whereas Saudi Arabia is India’s fourth largest trading partner

India is Saudi Arabia’s second largest trading partner whereas Saudi Arabia is India’s fourth largest trading partner
India is Saudi Arabia’s second largest trading partner whereas Saudi Arabia is India’s fourth largest trading partner

PM Modi, Saudi Crown Prince Mohammed bin Salman hold first strategic meet

On Monday,  Prime Minister Narendra Modi and the visiting Crown Prince of Saudi Arabia Mohammed bin Salman held the first leaders’ meeting of the India-Saudi Arabia Strategic Partnership Council.

India is Saudi Arabia’s second-largest trading partner whereas Saudi Arabia is India’s fourth-largest trading partner.

The agenda included a broad range of areas of bilateral cooperation including energy security, trade and investment, defence and security, healthcare, food security, culture, and community welfare issues among others, the External Affairs Ministry said.

During the meeting, both leaders reviewed the progress made under the two Ministerial Committees of the Strategic Partnership Council — the Committee on Political, Security, Social and Cultural Cooperation and the Committee on Economy and Investments Cooperation.

India and Saudi Arabia have historically close and friendly relations with extensive people-to-people contacts.

The trade between both countries reached an all-time high of $52.75 billion in 2022-23.

Both countries also have a strong partnership in the area of energy.

The Crown Prince is currently on a state visit to India. He arrived on September 9 to attend the G20 Summit and will be departing for Riyadh on Monday.

[With Inputs from IANS]

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