The second Ministerial Meeting of the Economy and Investment Committee under the Saudi-India Strategic Partnership Council took place in Riyadh, co-chaired by Saudi Minister of Energy Prince Abdulaziz bin Salman and India’s Minister of Commerce and Industry Piyush Goyal. During the meeting, an agreement was signed between the Saudi National Electricity Transmission Company and the Central Transmission Utility of India to study the feasibility of electrical interconnection between the two countries. The minutes of the Economy and Investment Committee of the Saudi-Indian Strategic Partnership Council were also signed during the meeting.
Prince Abdulaziz highlighted the successful outcomes of the official visit of Saudi Crown Prince and Prime Minister Mohammed bin Salman to India in 2023, which led to the first meeting of the Partnership Council between the two countries and the launch of various initiatives and areas of cooperation. The meeting discussed the progress of joint groups in fields such as industry, infrastructure, technology, agriculture, food security, climate science, sustainable transportation, and improving economic performance in various sectors. Additionally, discussions were held on enhancing logistics services, wireless communications, sustainable agriculture, cooperation in artificial intelligence and digital governance, and other areas of mutual interest.
One of the key highlights of the meeting was the agreement signed between the Saudi National Electricity Transmission Company and the Central Transmission Utility of India to study the feasibility of an electrical interconnection between the two countries. This initiative aims to strengthen cooperation in the energy sector and enhance connectivity between Saudi Arabia and India. The signing of this agreement marks a significant step towards fostering closer economic ties between the two nations.
Furthermore, the meeting focused on ways to enhance logistics services, wireless communications, sustainable agriculture, and cooperation in artificial intelligence and digital governance. Additionally, discussions were held on the rehabilitation of areas affected by salinity and ensuring the safety of agricultural products. These discussions underscore the commitment of both countries to promoting sustainable development and addressing key challenges in various sectors.
The Economy and Investment Committee of the Saudi-Indian Strategic Partnership Council plays a crucial role in advancing bilateral cooperation and fostering economic growth between Saudi Arabia and India. The joint efforts in areas such as industry, infrastructure, technology, agriculture, and transportation are essential for promoting trade and investment opportunities. By collaborating on key initiatives and enhancing economic performance, both countries can further strengthen their partnership and unlock new avenues for mutual growth and development. The meeting serves as a platform for discussing strategic priorities and identifying areas of synergy to drive forward the economic and investment agenda of the Saudi-India Strategic Partnership Council.
In conclusion, the second Ministerial Meeting of the Economy and Investment Committee under the Saudi-India Strategic Partnership Council in Riyadh reaffirmed the commitment of both countries to enhancing economic cooperation and fostering mutual growth. The signing of agreements and discussions on key areas of collaboration underscore the importance of bilateral relations between Saudi Arabia and India. By working together on initiatives in various sectors, both countries can leverage their strengths and resources to achieve common goals and contribute to regional economic development. The meeting serves as a testament to the shared commitment of Saudi Arabia and India towards building a stronger economic partnership and advancing shared interests for the benefit of both nations.
