Summary:

Mr. Piyush Goyal, Union Minister of Commerce and Industry, plans to strengthen collaboration with Saudi Arabia in renewable energy, digital infrastructure, and manufacturing. He will participate in the Future Investment Initiative (FII) in Riyadh, highlighting India's economic progress and commitment to sustainable development. His involvement will showcase potential in these areas and engage with global investors to build trust and promote India as a top investment destination.

He will hold bilateral meetings with key Saudi ministries, including those in Commerce, Industry and Mineral Resources, Investment, and Energy, to discuss energy transition, digital transformation, and trade facilitation. He will also co-chair the second ministerial meeting of the Economy and Investment Committee under the India-Saudi Strategic Partnership Council, focusing on agriculture, food security, technology, and infrastructure. India is Saudi Arabia's second-largest trading partner, with bilateral trade totaling US$ 43 billion in 2023-24, down from US$ 53 billion the previous year.

Source: IBEF 

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