المملكة: The visit of the Indian Prime Minister … appreciation for the position of Saudi Arabia and strengthening the strategic partnership
The Indian Prime Minister’s visit to the Kingdom reflects his country’s appreciation to His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister – may God protect him – and the Kingdom’s political and economic status, its weight and its pivotal role at the international level, and the leaders of the major countries to consult with the rational leadership on the developments of events regionally and internationally.
The importance of visiting the state of the Indian Prime Minister to the Kingdom and his meeting with His Highness the Crown Prince – may God protect him – is coinciding with the political and military developments witnessed by the region, which requires consultation and coordination of efforts between the leadership of the two countries, in a way that enhances security and regional and international stability, especially with regard to international trade and energy security, and other common issues.
The two leaderships in the Kingdom and India are keen to exchange official visits, the most prominent of which are in recent years, the visit of His Highness the Crown Prince – may God protect him – to the Republic of India in the years 2019 and 2023 AD, and the two states of the state of Indian Prime Minister Narendra Modi to the Kingdom in the years 2016 and 2019.
Strategic Partnership Council
The visit of His Highness the Crown Prince to the Republic of India in the year 2019 AD is a turning point in relations between the two countries, during which the establishment of the Saudi -Indian Strategic Partnership Council headed by His Highness the Crown Prince – may God protect him – and the Indian Prime Minister, and with a wide ministerial representation covering all areas of cooperation between the two countries.
The establishment of the Saudi -Indian Strategic Partnership Council in 2019, and the convening of its first session in the Republic of India, on the sidelines of the G20 summit in the year 2023 AD, headed by His Highness the Crown Prince and the Indian Prime Minister, in developing cooperation between the two countries in various fields, and the two countries work together to align the Kingdom’s vision 2030 and its executive programs, with the advanced India Vision 2047, and its leading initiatives: “Make in India” And “Start from India”, “Smart Cities”, “Clean India” and “Digital India”.
Huge business partnership
The Republic of India is the second largest commercial partner for the Kingdom, while the Kingdom is the fifth largest commercial partner for India, and the second largest oil supplier, as the volume of trade exchange between the two countries in the year 2024 AD reached 39.9 billion dollars, and the Indian community in the Kingdom emerged as a major source of foreign transfers in the Republic of India.
The energy field is one of the most important pillars of the strategic partnership between the Kingdom and the Republic of India, and the positions of the two countries agree on the importance of supporting the stability of global oil markets, and ensuring the security of energy sources supply in global markets, as the Kingdom is committed to being the partner and reliable source of crude oil supplies to the Republic of India.
Investment partnerships
-The investment environment in the Kingdom contributed to attracting Indian investments, as the Ministry of Investment data indicates that the balance of direct Indian investments in the Kingdom amounted to 4 billion dollars in the year 2023 AD, compared to about $ 2.39 billion in the year 2022 AD, recording an increase of 39%, and it established major Indian companies a strong presence in the Kingdom.
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