New Delhi: India and Saudi Arabia have signed as many as eight agreements in the course of the State go to of Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman bin Abdulaziz Al Saud, mentioned Ministry of Exterior Affairs on Monday. Addressing a press briefing on the State go to of the Saudi Crown Prince, Secretary (CPV and OIA) Ausaf Sayeed mentioned, “I’m blissful to share with you that in this go to as many as eight agreements have been signed.”
The agreements signed are within the subject of power, within the subject of digitalization and digital manufacturing, and cooperation between India’s Central Vigilance Fee and Saudi Anti-corruption. There was an settlement between the 2 funding entities, India and Saudi counterparts Exim banks, Small and Medium Enterprises Banks and an settlement on desalination. An settlement was additionally signed on renewable power.
#WATCH | Prime Minister Narendra Modi and Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Prince Mohammed bin Salman bin Abdulaziz Al Saud signal the minutes of the primary assembly of the India-Saudi Strategic Partnership Council held at Hyderabad Home in Delhi. pic.twitter.com/DB9B3MBZOA
— ANI (@ANI) September 11, 2023
“One is the sector of power which was signed by the Saudi Minister of Power and our Minister of New and Renewable Power,” mentioned Sayeed. “Then there was an settlement between the settlement within the subject of digitalisation and digital manufacturing between the IT ministries of either side,” he mentioned. One other settlement was between Central Vigilance Fee of India and its counterpart the Saudi Oversight and Anti-Corruption Authority.
“And the fourth settlement was between the Nationwide Archives. Then there was an settlement between the 2 funding entities, that’s Make investments India on the Indian facet and the Ministry of Funding on Saudi facet,” mentioned Sayeed.
“There was one other settlement between the 2 EXIM banks and there was additionally one other settlement between the Small and Medium Enterprises Financial institution banks of two sides, that’s SIDBI and the SME Financial institution of Saudi Arabia,” the Secretary mentioned, including, “And the final one was within the subject of Desalination.” Over two dozen Memoranda of Understanding have been signed between India and Saudi Arabia corporations, starting from Data Expertise, agriculture, prescription drugs, petrochemicals, and human assets, amongst different sectors.
“The Crown Prince congratulated India for a really profitable G20 assembly with plenty of main outcomes within the assembly…The 2 sides expressed their happiness on the launching of the India-Center East-Europe Hall…PM additionally congratulated the Kingdom on turning into a full member of the BRICS…,” mentioned the MEA Secretary.
These MoUs have been signed between non-public corporations of each international locations, together with Serum Institute of India, HP, VFS International, and ICICI Financial institution. The signing of the MoUs was facilitated by Make investments India and Saudi Arabia’s funding ministry.
The signing of the agreements occurred as Saudi Arabian Prime Minister and Crown Prince Mohammed bin Salman Al Saud started his State go to after having participated within the G20 Summit in New Delhi. The Saudi Crown Prince arrived in Delhi on a three-day go to on Saturday and stayed again after the G20 Summit for his state go to.
In a quick assertion, Prince Mohammed bin Salman congratulated India for a profitable G20 presidency. “Nicely executed India, plenty of bulletins made that can profit each our international locations, the G20 international locations and the entire world. So I wish to say to India nicely executed, and we are going to work to create a future for each international locations” he mentioned.
Earlier at present, the Saudi Crown Prince was accorded a ceremonial reception on the forecourt of Rashtrapati Bhavan. The ceremonial welcome was adopted by a bilateral between the Crown Prince and Prime Minister Narendra Modi at Hyderabad Home.
