India and Kuwait to Strengthen Energy Ties and Explore Renewable Corp
POWER & RENEWABLE ENERGY

India and Kuwait to Strengthen Energy Ties and Explore Renewable Corp

Prime Minister Narendra Modi’s first official visit to Kuwait concluded with both nations agreeing to elevate their bilateral relationship to a "Strategic Partnership." This decision aims to enhance cooperation in trade, defence, energy, and people-to-people ties.

PM Modi had been invited by His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Amir of Kuwait, and attended the opening ceremony of the 26th Arabian Gulf Cup on December 21 as the Guest of Honour. During his two-day visit, the Amir conferred upon Modi Kuwait’s highest civilian award, The Order of Mubarak Al Kabeer.

At Bayan Palace, Modi held discussions with Kuwait’s Amir, Crown Prince Sheikh Sabah Al-Khaled Al-Sabah, and Prime Minister Sheikh Ahmad Abdullah Al-Sabah. The leaders signed agreements to expand cooperation in defence, culture, and sports, while also addressing global and regional challenges such as counter-terrorism and UN reforms.

In the area of defence, the two sides signed a Memorandum of Understanding (MoU) to facilitate joint military exercises, training, and the development of defence technology. Discussions also focused on transforming energy ties from a buyer-seller relationship to a comprehensive partnership, including collaborations in oil, gas, and renewable energy. Kuwait expressed interest in India’s Strategic Petroleum Reserve Programme.

Both nations agreed to expedite negotiations on the Bilateral Investment Treaty to enhance trade and attract investments in technology, healthcare, and logistics. Additionally, they announced the establishment of a Joint Commission on Cooperation (JCC) and additional Joint Working Groups (JWGs) to oversee progress in areas like education, counter-terrorism, and cultural exchanges.

India, as one of the fastest-growing major economies, welcomed Kuwait’s intention to invest in its infrastructure and food parks. Both sides emphasised strengthening business linkages and diversifying trade beyond hydrocarbons, agreeing to hold regular high-level meetings to sustain the momentum of bilateral cooperation.

Acknowledging the significant role of the Indian community in Kuwait, both sides reaffirmed their commitment to enhancing cultural exchanges and labour mobility. Agreements on a Cultural Exchange Programme for 2025-2029 and a sports cooperation programme were signed.

The visit marked a significant step in India-GCC relations, with Kuwait, as the current Chair of the GCC, pledging full support for India’s engagement with the bloc. Both sides also discussed expediting the India-GCC Free Trade Agreement.

PM Modi extended an invitation to Kuwait’s leadership for a reciprocal visit to India, expressing optimism about further strengthening ties in the years to come.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Prime Minister Narendra Modi’s first official visit to Kuwait concluded with both nations agreeing to elevate their bilateral relationship to a Strategic Partnership. This decision aims to enhance cooperation in trade, defence, energy, and people-to-people ties. PM Modi had been invited by His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Amir of Kuwait, and attended the opening ceremony of the 26th Arabian Gulf Cup on December 21 as the Guest of Honour. During his two-day visit, the Amir conferred upon Modi Kuwait’s highest civilian award, The Order of Mubarak Al Kabeer. At Bayan Palace, Modi held discussions with Kuwait’s Amir, Crown Prince Sheikh Sabah Al-Khaled Al-Sabah, and Prime Minister Sheikh Ahmad Abdullah Al-Sabah. The leaders signed agreements to expand cooperation in defence, culture, and sports, while also addressing global and regional challenges such as counter-terrorism and UN reforms. In the area of defence, the two sides signed a Memorandum of Understanding (MoU) to facilitate joint military exercises, training, and the development of defence technology. Discussions also focused on transforming energy ties from a buyer-seller relationship to a comprehensive partnership, including collaborations in oil, gas, and renewable energy. Kuwait expressed interest in India’s Strategic Petroleum Reserve Programme. Both nations agreed to expedite negotiations on the Bilateral Investment Treaty to enhance trade and attract investments in technology, healthcare, and logistics. Additionally, they announced the establishment of a Joint Commission on Cooperation (JCC) and additional Joint Working Groups (JWGs) to oversee progress in areas like education, counter-terrorism, and cultural exchanges. India, as one of the fastest-growing major economies, welcomed Kuwait’s intention to invest in its infrastructure and food parks. Both sides emphasised strengthening business linkages and diversifying trade beyond hydrocarbons, agreeing to hold regular high-level meetings to sustain the momentum of bilateral cooperation. Acknowledging the significant role of the Indian community in Kuwait, both sides reaffirmed their commitment to enhancing cultural exchanges and labour mobility. Agreements on a Cultural Exchange Programme for 2025-2029 and a sports cooperation programme were signed. The visit marked a significant step in India-GCC relations, with Kuwait, as the current Chair of the GCC, pledging full support for India’s engagement with the bloc. Both sides also discussed expediting the India-GCC Free Trade Agreement. PM Modi extended an invitation to Kuwait’s leadership for a reciprocal visit to India, expressing optimism about further strengthening ties in the years to come.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement