India and Saudi Arabia are working towards strengthening their economic ties through diverse collaborations in emerging fields such as fintech, clean hydrogen, and textiles. The second meeting of the economy and investment committee under the India-Saudi Strategic Partnership Council saw discussions on boosting trade and investment relations. Commerce Minister Piyush Goyal highlighted the importance of seizing investment opportunities in high-growth sectors like renewable energy and artificial intelligence during his visit to Riyadh. The bilateral trade between the two countries was valued at $43 billion in 2023-24, indicating a robust economic partnership. Over 2,700 Indian companies have investments amounting to $2 billion in Saudi Arabia through joint ventures and wholly-owned entities. Additionally, Saudi Arabia's direct investments in India have reached $3.22 billion. This mutual commitment to economic cooperation showcases the strong bond between India and Saudi Arabia in fostering trade and investment relations for mutual benefit.