back to top
IndiaIndia, Saudi Arabia cooperation vital for peace in entire region: PM

India, Saudi Arabia cooperation vital for peace in entire region: PM

Date:

New Delhi, Sep 11: Prime Minister Narendra Modi on Monday said that and Saudi Arabia's cooperation is vital for the peace and stability of the entire region.

In a bilateral meeting with the Crown Prince of Saudi Arabia, Mohammed bin Salman bin Abdulaziz Al Saud, in New Delhi, Modi said, “We are adding a new dimension to our ties in tune with changing times. For India, Saudi Arabia is one of our most important strategic partners.”

During the meeting, both leaders reviewed the various facets of bilateral ties and discussed ways to further unlock the potential of the strategic partnership.

“As the 's two largest and fastest-growing economies, our mutual cooperation is vital for the peace and stability of the entire region,” he added.

The PM said, “Saudi Arabia is important for India. I once again thank His Royal Highness for his contribution to the success of the Summit.

Calling the decision to build the economic corridor between India, West Asia, and Europe as “historic” , the Prime Minister said, “This corridor will not only connect two countries, but also help in providing economic growth and digital connectivity between Asia, West Asia and Europe.

Speaking at the meeting, Salman bin Abdulaziz Al Saud said, “There was no disagreement at all during the history of India-Saudi Arabia relationship, but there is cooperation to build the future of our country and create opportunities”.

“Today we are working on future opportunities… I congratulate you (Modi) on the management of the G20 Summit and the initiatives achieved, including the Economic Corridor linking the Middle East, India, and Europe, which requires that we work diligently in order to make it a reality,' Saud added.

Both leaders also co-chaired the first meeting of the India-Saudi Arabia Strategic Partnership Council (SPC).

At the meeting, the Prime Minister said that during the talks, both nations had identified several initiatives to take the partnership to the next level.

“Today's talks will provide new energy and direction to the relations. This will provide us inspiration to work together for the welfare of humanity,” he added.

After the meeting, Prime Minister Narendra Modi and the Crown Prince signed the minutes of the first meeting of the India-Saudi Strategic Partnership Council.

The Crown Prince is on a three-day state visit to India. He arrived in New Delhi on Saturday to attend the 18th G20 summit.

Earlier this morning, Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud was accorded a ceremonial welcome at the forecourt of Rashtrapati Bhavan.

President Droupadi Murmu and Prime Minister Narendra Modi welcomed the Crown Prince of Saudi Arabia.

The Crown Prince and the Prime Minister will meet Droupadi Murmu this evening at Rashtrapati Bhavan.

India is the second-largest trade partner for Saudi Arabia, whereas Saudi Arabia is India's fourth-largest trading partner.

During the financial year 2022–23, bilateral trade was valued at over 52 billion dollars. Saudi direct investments in India amount to over three billion dollars.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

Share post:

Popular

More like this
Related

India’s forex reserves drop USD 2.922 bln to USD 652.895 bln

NL Corresspondent MUMBAI: India’s forex reserves dropped by USD 2.922...

Gold surges Rs 800; silver rallies Rs 1,400

Agencies NEW DELHI: Gold prices surged Rs 800 to Rs...

Reduce GST slabs, hike exemption threshold for firms with up to Rs 1.5 cr turnover: GTRI

Agencies NEW DELHI: Think tank GTRI on Friday suggested a...

Rural India a ‘bright star’ for FMCG sales; will continue to outpace urban expansion in Q2 of 2024: Kanatar

NL Corresspondent New Delhi: Rural India remains a “bright star”...