India and Saudi Arabia to collaborate in fintech and clean hydrogen

05 Nov 2024 CW Team

India and Saudi Arabia are exploring partnerships in fintech, clean hydrogen, energy efficiency, new technologies, textiles, and mining to enhance trade and investment, according to an official statement. These discussions took place during Commerce and Industry Minister Piyush Goyal's recent visit to Riyadh, where he co-chaired the second meeting of the economy and investment committee under the India-Saudi Strategic Partnership Council with Saudi Energy Minister Abdulaziz bin Salman Al-Saud.

At the Future Investment Initiative (FII) event, Goyal encouraged global investors to capitalise on emerging opportunities in India, especially in sectors like artificial intelligence, renewable energy, digital infrastructure, and advanced manufacturing. Saudi Arabia is India’s fourth-largest trading partner, while India ranks as Saudi Arabia's second-largest trade partner. (ET)

Equipment

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