India and Saudi Arabia Forge New Paths in Trade and Innovation

India and Saudi Arabia are enhancing trade ties by exploring partnerships in fintech, energy efficiency, and textiles. The collaboration was discussed at a meeting co-chaired by Indian and Saudi ministers. Both nations seek to leverage emerging technologies and investment opportunities, solidifying their strategic economic partnership.

India and Saudi Arabia are strengthening their economic partnership by exploring collaborations in key emerging sectors such as fintech, energy efficiency, clean hydrogen, textiles, and mining. This development was revealed in an official statement following discussions between high-ranking officials from both nations.

The recent dialogue took place during a visit by India's Commerce and Industry Minister, Piyush Goyal, to Riyadh. He co-chaired a crucial meeting with Saudi Arabia's Minister of Energy, Abdulaziz bin Salman Al-Saud, as part of the India-Saudi Strategic Partnership Council.

At the Future Investment Initiative event, Minister Goyal urged global investors to capitalize on India's dynamic growth sectors, including artificial intelligence, renewable energy, and advanced manufacturing. India is Saudi Arabia's second-largest trade partner, highlighting the robust economic ties and mutual investment opportunities between the two countries.

(With inputs from agencies.)