With Prime Minister Modi praising the importance of the two countries' ties.
| India and Saudi Arabia signed eight agreements |
with Prime Minister Modi praising the importance of the two countries' ties.
During discussions between Prime Minister Narendra Modi and Saudi Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud on Monday, India and Saudi Arabia decided to speed up the construction of the $50 billion West Coast refinery project. They also identified energy, defense, semiconductor, and space as areas for increased cooperation.
The connection between the two nations is essential for regional and global stability, Prime Minister Modi said in his opening remarks at the first meeting of the India-Saudi Arabia Strategic Partnership Council.
During the negotiations, the two parties decided to expand their present hydrocarbons partnership into a "comprehensive energy partnership" and signed eight agreements to deepen their collaboration in a number of areas, including digitization and investment.
Both parties emphasized the value of stepping up security cooperation in a joint statement released to combat terrorism and it's financing.
Following the conclusion of the G20 Summit, Bin Salman travelled to India for a daylong state visit.
The two parties agreed that there is no justification for any act of terrorism for any reason at all, stressing that terrorism, in all of its manifestations, continues to be one of the "gravest threats" to humanity.
They condemned any attempt to connect terrorism to a specific race, religion, or culture and urged all States to oppose the use of terrorism against other nations, demolish any infrastructure supporting terrorism where it exists, and speedily bring terrorists to justice.
A significant focal point of the discussions was improving energy collaboration.
"The two sides stretched out their full help to the early execution of the West Coast treatment facility project, which is a three-dimensional collaboration between ARAMCO, ADNOC and Indian organizations," Ausaf Sayeed, secretary (abroad Indian undertakings) in the Outer Undertakings Service, said.
At a media preparation, Sayeed said various areas of collaboration, for example, energy, safeguard, security, schooling, innovation, transportation, medical services, the travel industry and culture were recognized in the discussions between the two chiefs.
The different sides likewise held considerations on power framework, gas lattice, optical matrices and fiber networks for conceivable participation.
In the discussions, the two sides additionally consented to investigate potential open doors for participation in the space of installment frameworks including the acknowledgment of RuPAY card in Saudi Arabia to serve the Indian people group overall and all the more especially the Hajj/Umrah explorers.
Head of the state Modi and the Saudi chief co-led the primary gathering of the Essential Association Board that was laid out in October 2019.
Sayeed said both Head of the state Modi and Crown Ruler Receptacle Salman expanded their "full help" to the early execution of the West Coast treatment facility project for which assets to the tune of USD 50 billion are as of now reserved.
"The different sides consented to set up a joint team to help in recognizing and channelising the USD 100 billion speculations which was guaranteed by the Saudi side portion of which was for the processing plant," he said.
The West Coast Processing plant project is to come up in Maharashtra. The super treatment facility cum-petrochemicals complex task was first declared in 2015.
The different sides likewise chose to have an observing panel to guarantee that the treatment facility projects are finished by the plans spread out by both the sides.
In the first part of the day, Receptacle Salman was concurred a stylized greeting at the forecourt of the Rashtrapati Bhavan.
The meeting chief and Modi held one-on-one discussions before the Essential Organization Committee meeting. Modi likewise facilitated a functioning lunch for the Saudi chief.
In the gathering, the different sides invited the send off of the India-Center East monetary hallway.
"I'm extremely happy to be here in India. I need to praise India for the G20 Culmination," Receptacle Salman told correspondents after the stately gladly received.
The Saudi chief said the declarations made at the culmination will help the world. "We will cooperate to make an extraordinary future for both the nations," he said.