Prime Minister Narendra Modi, ahead of his two-day official visit to Saudi Arabia, described the India-Saudi Arabia relationship as a ‘pillar of stability in a world full of uncertainties’, highlighting its strength and vast potential, as reported by Arab News.
PM Modi will likely leave for Saudi Arabia today at the invitation of Crown Prince Mohammed bin Salman.
This marks his third visit to the country, following trips in 2016 and 2019.
Speaking to ‘Arab News’, PM Modi stated, “Our partnership has limitless potential. In a world full of uncertainties, our bond stands strong as a pillar of stability.”
The Prime Minister also praised Crown Prince Mohammed bin Salman. He called him a key supporter of bilateral ties and a visionary leader whose reforms under Vision 2030 have drawn global admiration.
“Every time I have met him, His Royal Highness has left a deep impression on me. His insights, his forward-thinking vision, and his passion for fulfilling the aspirations of his people are truly remarkable,” PM Modi noted.
On the subject of trade, PM Modi described the economic link between India and Saudi Arabia as ‘old as the monsoon winds’, noting that the proximity and complementary nature of both economies have helped the relationship flourish, even amid global challenges.
“Our economic ties are as old as the monsoon winds. Given the proximity of our nations and the complementarity of our economies, there is a natural connect. That is why even during global challenges, our trade ties have not just survived, but they have grown. While sectors like energy, agriculture and fertilisers are the main areas of our trade, efforts at diversification have borne fruits. Indian businesses and Saudi industry are building stronger connections,” the Prime Minister told Arab News.
PM Modi further added, “Building stronger connect between our businesses and industry and enhancing investment partnership is adding resilience to this relationship. Saudi Arabia is a leading energy partner for India. Likewise, India is contributing to food security in Saudi Arabia. I am told people in Saudi Arabia prefer Indian rice! India too loves Saudi dates. I also see several complementarities between Saudi Vision 2030 and India’s Viksit Bharat 2047 (Developed India 2047 initiative).”
The Prime Minister also highlighted rising bilateral investments. He said both sides are working to boost cooperation in areas like space and global supply chains.
PM Modi underlined the significance of proposed initiatives like a Bilateral Investment Treaty and a Free Trade Agreement between India and the GCC.
“Bilateral investments between our countries have also been increasing. Today, the Indian growth story offers immense opportunities for Saudi majors to invest and partner, from space economy to global supply chain collaborations. Indian companies have also maintained a strong presence across various sectors in Saudi Arabia. They are playing a crucial role in the realisation of Saudi Vision 2030. Our goal is to enhance this connect. India and Saudi Arabia are working on a Bilateral Investment Treaty. The proposed Free Trade Agreement between India and GCC has immense potential to transform the economic relationship between India and Saudi Arabia, and the region in general,” PM Modi remarked.
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