India-Saudi relations show promise of growth: EAM S Jaishankar: The Tribune India


Tribune press service

New Delhi, September 11

External Affairs Minister S Jaishankar has stressed the importance of closer ties between India and Saudi Arabia at a time when the world stands at a crossroads.

Age-old relationship

Over the past few years, Saudi Arabia has been helpful and has provided oxygen supplies. India and Saudi Arabia enjoy cordial and friendly relations, reflecting centuries-old economic and socio-cultural ties. S Jaishankar, Ministry of External Affairs

“Our collaboration holds promise for shared growth, prosperity, stability, security and development,” he said today, addressing diplomats from the Prince Saud Al Institute of Diplomatic Studies. Faisal in Riyadh. It was the second day of his first visit to Saudi Arabia as Minister of External Affairs.

Jaishankar also co-chaired with his Saudi counterpart Prince Faisal bin Farhan Al Saud the first ministerial meeting of the Political, Security, Social and Cultural Cooperation (PSSC) Committee, established under the India-Saudi Arabia Strategic Partnership Council.

“Warm and productive meeting with the Saudi Foreign Minister this afternoon,” Jaishankar tweeted.

The minister had started his visit with an interaction with the community on Saturday, during which he appreciated the contribution of the Indian diaspora in tackling national challenges. He also told them about India’s resilience, especially during Covid, and the ongoing national transformation in India.

Jaishankar said that over the past few years Saudi Arabia has been very helpful and provided oxygen supply. “India and Saudi Arabia enjoy cordial and friendly relations, reflecting the centuries-old economic and socio-cultural ties.”

Saudi Arabia is India’s fourth largest trading partner.

More than 18% of India’s crude oil imports come from Saudi Arabia. In the first nine months of fiscal 2022 (April-December), bilateral trade was valued at $29.28 billion. During this period, India’s imports from Saudi Arabia were valued at $22.65 billion and exports at $6.63 billion. The 22 lakh Indian community is the largest expatriate community in Saudi Arabia.

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