Prime Minister Narendra Modi has stated India and Saudi Arabia have comparable security concerns and their cooperation in counter-terrorism and strategic issues is progressing well.
Modi, who arrived in Riyadh on Monday night to take part in the Future Investment Initiative commercial enterprise discussion board and keep talks with the top Saudi leadership, stated in an interview with Arab News that the two sides have “identified a range of areas of mutual hobby and cooperation in the subject of defence and security”.
“I believe that Asian powers like India and Saudi Arabia share comparable security worries in their neighbourhood. In that respect, I am completely happy that our cooperation, especially in the discipline of counterterrorism, security and strategic issues, is progressing very well. My countrywide protection adviser simply visited Riyadh for a very productive visit,” he said.
The two countries also have a Joint Committee on Defence Cooperation that meets frequently and are in the technique of getting into into agreements on protection cooperation and collaboration in defence industries, and have agreed to keep a comprehensive protection speak mechanism, he added.
Modi additionally stated under the leadership of King Salman and Crown Prince Mohammed bin Salman, bilateral members of the family will only develop stronger.
“Neighbourhood First” continues to be the guiding vision for the Indian government’s foreign policy, and relations with Saudi Arabia are one of the most necessary bilateral relationships in the prolonged neighbourhood, he said.
During the present day visit, India and Saudi Arabia are going to signal an settlement on a Strategic Partnership Council, which will “begin a new technology of cooperation across sectors”, Modi said.
“Our ties throughout quite a number dimensions such as trade, investment, protection and protection cooperation are robust and deep, and will only reinforce further,” he said.
Asked about the turmoil in West Asia and a viable function for India in lowering tensions, Modi said: “We agree with that a balanced method is required to resolve the conflicts, whilst respecting the principles of sovereignty and non-interference in each other’s interior matters.
“India shares super bilateral relations with all the nations in the region, and a very large Indian diaspora, numbering over 8 million, resides in the region. A talk system that encourages the participation of all stakeholders is essential to convey peace and protection to this very essential region.”
Within the G20, India and Saudi Arabia have been working collectively to minimize inequality and promote sustainable development, he said.
Saudi Arabia is currently India’s 2d greatest supplier of oil – imparting about 18 % of its electricity desires — and Modi said: “From a merely buyer-seller relationship, we are now shifting towards a nearer strategic partnership that will include Saudi investments in downstream oil and gas projects.
“We cost the Kingdom’s quintessential function as an essential and reliable supply of our strength requirements. We believe that stable oil expenditures are integral for the boom of the international economy, specifically for growing countries. Saudi Aramco is participating in a essential refinery and petrochemical challenge on India’s west coast. We are additionally searching ahead to the participation of Aramco in India’s Strategic Petroleum Reserves.”
The Prime Minister welcomed increased investments through Saudi Arabia in initiatives in India, along with the Smart Cities programme. “During his visit to India in February 2019, the crown prince had indicated an intent to make investments in extra of $100 billion in India throughout a range of sectors,” Modi said.
He said the 2.6 million Indian diaspora have contributed to the boom and improvement of Saudi Arabia. In a message to the diaspora, PM Modi stated that they continue to continue to be the “binding pressure in India’s ties with the Kingdom.
Modi, travelling the kingdom at the invitation of King Salman bin Abdulaziz, will preserve a bilateral meeting with the Saudi ruler and delegation-level talks with Crown Prince Mohammad bin Salman.
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