In recent news, it was reported that Indian Prime Minister Narendra Modi said that Saudi Arabia is one of India’s most important strategic partners. You are required to read the article for more details and information about the same. Stay tuned for all the insights and new updates.
Crown Prince of Saudi Arabia
It was recently announced that India and Saudi Arabia have formed a joint task force for a West Bank refinery project. On Monday, two days after launching the India-Middle East Economic Corridor, Indian Prime Minister Narendra Modi described Saudi Arabia as one of India’s most important strategic partners. However, the change between the two sides came during a state visit by Saudi Arabia’s Crown Prince Mohammed Bin Salman when they agreed to set up a joint task force to speed up the West Bank refinery project. However, the crown prince’s state visit is significant as it comes months after Saudi Arabia ended its rivalry with Iran through an agreement that was eyed by China.
Prime Minister Modi reportedly said that Saudi Arabia is one of India’s most important strategic partners and as two of the fastest growing countries in the world, our partnership is important for the stability of the entire region. He added that we have taken the historic step of connecting India, West Asia and Europe through the economic corridor. In addition, by connecting the two countries, the corridor will help increase the economic growth of the energy sector and digitization. In October 2019, Mr. Modi and Prince Bin Salman co-chaired the first meeting of the India-Saudi Arabia Strategic Partnership Council. Additionally, the crown prince’s state visit has significance as it comes weeks after Saudi Arabia became a BRICS member during the Johannesburg summit. However, defense, energy, education and technology, as well as healthcare and tourism were discussed as areas of possible cooperation.
Allegedly, out of the eight agreements that were sealed included one between India’s Central Vigilance Commission and the Saudi Administration and Anti-Corruption Authority and another between a Saudi and an Indian bank. The National Institute of Technology of India and the Saline Water Conversion Corporation of Saudi Arabia signed an agreement during the visit. After meeting at Hyderabad House with Mr Modi, Prince Bin Salman visited President Droupadi Murmu and attended a banquet dinner organized in his honour.
Categories: Trends
Source: HIS Education