India pitches for Saudi investments in energy, IT & defence manufacturing

India has pitched for Saudi investments in energy, IT and defence manufacturing as foreign minister S Jaishankar met Crown Prince Mohammed bin Salman and his Saudi counterpart Prince Faisal bin Farhan in Riyadh over the weekend.

The two sides during their meeting on Sunday also sought to expand partnership in the areas of food security, healthcare, pharmaceuticals and entertainment, officials said. Jaishankar handed over a letter from the PM to Salman inviting him to visit India at an early date.

Prince Faisal bin Farhan and Jaishankar co-chaired the ministerial meeting of the Political, Security, Social, and Cultural Committee (PSSC) of the Saudi-Indian Strategic Partnership Council. The deliberations at the meeting focused on further consolidating the economic partnership between the two friendly countries in light of the kingdom’s Vision 2030 and boosting of investment between the two countries. The meeting reviewed the outcome of the meetings of the subcommittees. The two sides discussed ways to enhance bilateral relations in the fields of politics, security, and cultural and social affairs, officials said.

Saudi Arabia is looking at different ways to partner with India on the food security front. The kingdom has identified India as the best destination to source commodities like rice, red meat, sugar, infant milk powder and seafood among other food items, officials said, adding, both nations have taken cooperative steps to secure availability of agro-products in case of emergency situations. India continued to supply food items to the Gulf including Riyadh during the pandemic of 2021-22.