NEW DELHI: Indian Prime Minister Narendra Modi said he met Saudi Crown Prince Mohammed bin Salman on Monday and the two leaders reviewed trade ties and expressed confidence in improving commercial links between the two nations.
“The scope for cooperation in grid connectivity, renewable energy, food security, semiconductors, supply chains is immense,” Modi said in post on social media platform X, formerly known as Twitter.
The Saudi ruler began his day-long state visit to India after participating in the G-20 summit over the weekend. He was received by Indian President Droupadi Murmu at the presidential palace in New Delhi, where an official reception was held.
Modi and Bin Salman later participated in the first Saudi-India Strategic Partnership Council meeting, and discussed energy security, trade and investment, defense and security, healthcare, food security, culture and community welfare issues, according to India’s External Affairs Ministry.
“We have taken a decision to start a historic economic corridor between India, West Asia and Europe. This corridor will not only connect two countries but also help in providing economic growth, and digital connectivity between Asia, West Asia and Europe,” Modi told the meeting.
Saudi Arabia, the EU, India, UAE, France, Germany, Italy and the US signed a memorandum at the G-20 summit, committing to work together to establish the India – Middle East – Europe Economic Corridor. The project is expected to stimulate economic development through enhanced connectivity and economic integration between Asia, the Arabian Gulf, and Europe.
