At the beginning of the meeting, the PM wished to extend his greetings to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud. He also expressed his gratitude and appreciation for the leadership and people of Saudi Arabia regarding the well treatment of the Indian community in the Kingdom.
During the meeting, the two sides discussed the horizons of bilateral cooperation between the two friendly countries in the various political, security, economic, investment, agricultural, energy, cultural, and technological fields.
In the investment field, they discussed the investment opportunities in the infrastructure through the Public Investment Fund, as well as opportunities in the agricultural field with the aim of replacing agricultural imports from other countries to the Kingdom with Indian agricultural imports.
In the field of energy, they discussed the Kingdom’s readiness to supply India with all of its needs of oil and petroleum products, as well as Saudi Aramco’s investment in refineries in India, especially the large refinery on the western coast of India and in the field of crude oil storage. They also discussed investment in solar energy through the Soft Bank Vision Fund and through the Saudi companies which will build solar energy projects.
In the military field, they discussed strategies to localise military industry and cooperation in the field of military manufacturing in both countries.
During the meeting, they also reviewed what has been accomplished during the previous two years in the area of bilateral relations. The two sides reviewed the available opportunities to export the Saudi non-oil products to India, and ways to develop bilateral trade through sustainable arrangements, especially in strategic commodities such as Saudi fertilizers as well as promoting the exchange of investment in the industrial sector.
The Prime Minister extended his invitation to the Kingdom to join the International Solar Alliance. The crown prince announced the acceptance of the Kingdom to the invitation.