India and Saudi Arabia agree to expand economic and security ties after the G20 summit

Advertisement

Advertise with us

NEW DELHI (AP) — India and Saudi Arabia agreed Monday to expand trade and security ties, two days after their leaders and others attending a Group of 20 summit announced a new railways and port corridor deal that will link India, Middle East and Europe.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 11/09/2023 (1107 days ago), so information in it may no longer be current.

NEW DELHI (AP) — India and Saudi Arabia agreed Monday to expand trade and security ties, two days after their leaders and others attending a Group of 20 summit announced a new railways and port corridor deal that will link India, Middle East and Europe.

Indian Prime Minister Narendra Modi and Saudi Arabia’s Crown Prince Mohammed bin Salman met in New Delhi and chaired a meeting of the India-Saudi Arabia Strategic Partnership Council. The two leaders discussed issues ranging from energy security, trade and investment to defense, health care and food security, India’s foreign ministry spokesperson Arindam Bagchi said.

The India-Saudi Arabia Strategic Partnership Council, established in 2019, serves as a platform between the two countries to increase ties.

Crown Prince Mohammed bin Salman of Saudi Arabia, left, speaks to Indian Prime Minister Narendra Modi upon his arrival for a ceremonial reception at the Indian presidential palace, in New Delhi, India, Monday, Sept. 11, 2023. (AP Photo/Manish Swarup)
Crown Prince Mohammed bin Salman of Saudi Arabia, left, speaks to Indian Prime Minister Narendra Modi upon his arrival for a ceremonial reception at the Indian presidential palace, in New Delhi, India, Monday, Sept. 11, 2023. (AP Photo/Manish Swarup)

During last week’s G20 summit, India, Saudi Arabia, the United States, the European Union and other countries announced an ambitious rail and shipping corridor that will link India with the Middle East and Europe in a bid to strengthen economic growth and political cooperation.

Experts see it as alternative to China’s own nation-spanning infrastructure program.

In a televised press statement, Modi called Saudi Arabia one of India’s “most important strategic partners.”

He said the “corridor will not only connect the two countries, but will also strengthen economic cooperation, energy development and digital connectivity between Asia, West Asia and Europe.”

Ahead of the talks, Prince Mohammed was accorded a ceremonial welcome at the Rashtrapati Bhavan Presidential Palace in New Delhi. He is on a three-day trip to India that included the G20 summit.

India views Saudi Arabia as one of its most important strategic partners in the Middle East. Trade between the countries stood at over $52.8 billion in the fiscal year 2022-2023.

Report Error Submit a Tip

Business

LOAD BUSINESS ARTICLES