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Agreement on strategic partnership council will elevate India-Saudi ties: PM


Press Trust of India New Delhi
As he left for Saudi Arabia on Monday, Prime Minister Narendra Modi said establishment of strategic partnership council will further elevate the relations between the two countries.
The prime minister left for Riyadh on Monday night at the invitation of King Salman bin Abdulaziz Al-Saud to attend the Plenary Session of the 3rd Future Investment Initiative Forum.
Modi will hold bilateral discussions with the King of Saudi Arabia on Tuesday.
"I will also meet and discuss with the Crown Prince of Saudi Arabia, Mohammed bin Salman several matters of bilateral cooperation as well as regional and global issues of mutual interest," Modi said in a statement before his departure.
India and Saudi Arabia have traditionally enjoyed close and friendly relations. Saudi Arabia has been one of the largest and reliable suppliers of India's energy needs, the prime minister said.
During his visit to New Delhi in February, the Crown Prince had committed to invest over USD 100 billion in sectors of priority in India, Modi recalled.
Defence, security, trade, culture, education and people-to-people contacts are the other important areas of bilateral cooperation with Saudi Arabia, he said.
"During the visit, the agreement for establishment of the Strategic Partnership Council will further elevate the India-Saudi Arabia Strategic Partnership to a new level," he said.
The prime minister said he also looks forward to participate in the Future Investment Initiative Forum where he will speak about the growing trade and investment opportunities for global investors in India as the country marches forward with a goal to become a USD 5-trillion economy by 2024.

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First Published: Oct 28 2019 | 9:40 PM IST

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