India and Saudi Arabia Strengthen Ties with Focus on Clean Hydrogen and Emerging Technologies
Key Ideas
- India's Union Minister of Commerce and Industry visited Saudi Arabia to enhance ties, including cooperation in clean hydrogen and other emerging fields like fintech and textiles.
- The countries aim to foster global cooperation, innovation, and investment through international partnerships and economic diplomacy.
- India's growth potential in areas like artificial intelligence, renewable energy, and advanced manufacturing was highlighted to attract global investors.
- The visit included participation in the 8th Edition of Future Investment Initiative to promote economic dialogue and explore opportunities for collaboration.
During a visit to the Kingdom of Saudi Arabia, India's Union Minister of Commerce and Industry, Piyush Goyal, focused on strengthening ties between the two countries. Both India and Saudi Arabia agreed to explore cooperation in various fields, with a particular emphasis on clean hydrogen. In addition to hydrogen, the countries are looking into collaboration in emerging sectors such as fintech, new technologies, energy efficiency, textiles, and mining.
Goyal participated in the Plenary Session of the 8th Edition of Future Investment Initiative during his visit. He underscored the importance of international partnerships and economic diplomacy in fostering global cooperation, innovation, technological advancement, and investment. Goyal encouraged global investors to take advantage of India's growth potential, especially in areas like artificial intelligence, renewable energy, digital infrastructure, and advanced manufacturing.
The visit aimed to enhance economic dialogue between India and Saudi Arabia and explore avenues for partnerships in various sectors. The focus on clean hydrogen and other emerging technologies signals a positive direction in the collaboration between the two countries. This visit not only aimed at strengthening bilateral ties but also at attracting investments and fostering innovation through international cooperation.