Saudi Arabia’s crown prince to go to India subsequent week; commerce, power safety high on agenda
Accompanied by a high-level delegation comprising ministers, senior officers and main Saudi businessmen, Prince Salman will arrive India on February 19 on his maiden journey to the nation, the Ministry of Exterior Affairs mentioned in an announcement right here.
In the course of the go to, the Crown Prince will maintain talks with Prime Minister Narendra Modi on wide selection of problems with mutual curiosity. He can even name on President Ram Nath Kovind and Vice President M Venkaiah Naidu.
The go to by Prince Salman, who can also be the vice chairman of Saudi Arabia’s council of ministers, follows the extremely profitable journey of Prime Minister Modi to that nation in April 2016, throughout which the 2 sides agreed to additional elevate current strategic partnership, the MEA mentioned.
In recent times, there was vital progress in bilateral cooperation in key areas of mutual curiosity, together with power safety, commerce and funding, infrastructure, defence and safety, it mentioned.
The bilateral commerce was USD 27.48 billion over the past monetary yr 2017-18, making Saudi Arabia India’s fourth largest buying and selling accomplice.
Saudi Arabia contributes considerably to India’s power safety wants by supplying about 20 per cent of crude necessities of the nation.
Just lately, Saudi ARAMCO in partnership with ADNOC of the UAE entered right into a Joint Enterprise for USD 44-billion value Ratnagiri Refinery and Petro-Chemical mission Ltd.
The Kingdom of Saudi Arabia additionally facilitates Hajj pilgrimage to over 1,75,000 Indians yearly.